What is EP4 Equator Principles?
EP4 strengthens and enhances the assessment of Human Rights impacts of projects from previous versions of the Equator Principles by mandating that a Human Rights Risk Assessment be done, commensurate with the risk categorization of the given project, based on the United Nations Guiding Principles on Business and Human …
What are the Poseidon principles?
The Poseidon Principles are a global framework for assessing and disclosing the climate alignment of financial institutions’ shipping portfolios. They establish a common, global baseline to quantitatively assess and disclose whether financial institutions’ lending portfolios are in line with adopted climate goals.
When were the Equator Principles adopted?
Based on sustainability standards from the International Finance Corporation (IFC) and launched in 2003, the Equator Principles have become a quasi standard for the financial industry and as of May 2012, 77 financial institutions had adopted the framework.
What is the benefit of the equator?
The Equator Principles (EP) have become the financial industry standard for environmental and social risk management in projects. Financial institutions adopt the EPs to ensure that the projects they finance are developed in a socially responsible manner and reflect sound environmental management practices.
What does the equator do?
An equator is an imaginary line around the middle of a planet or other celestial body. It is halfway between the North Pole and the South Pole, at 0 degrees latitude. An equator divides the planet into a Northern Hemisphere and a Southern Hemisphere.
Which countries are in equator?
The Equator passes through 13 countries: Ecuador, Colombia, Brazil, Sao Tome & Principe, Gabon, Republic of the Congo, Democratic Republic of the Congo, Uganda, Kenya, Somalia, Maldives, Indonesia and Kiribati. At least half of these countries rank among the poorest in the world.
Which country is closest to the equator?
13 Countries That Lie on the Equator
- São Tomé and Principe.
- Gabon.
- Republic of the Congo.
- The Democratic Republic of the Congo.
- Uganda.
- Kenya.
- Somalia.
- Maldives.