The Ethical Consumer organization criticizes the Equator Principles – probably the best known initiative of the financial sector for socially responsible investments. The article lists the disadvantages of the EP – including lack of transparency and references to climate change.
The publication of the new version of the Equator Principles for the banking sector has been pushed back to October 2012. Works on a six pages document have been going on for nearly two years and there’s not even an outline of any new rules for EP. Banktrack, Foundation CentrumCSR.PL partner in the Facing Finance project, calls on banks to improve their investment – taking into account climate change and human rights. ... →
Banktrack released a new report titled “The Outside Job”. The report looks at changes in the Equator Principles – a voluntary basis of regulations for financial institutions to finance investment projects. The organization calls financial institutions for an improvement of the Equator Principles. The report was published because of an incoming meeting of the Equator Principles association. ... →