Publication

The Equator Principles (EPs) are codes of conduct for project finance which guide the sustainability impact of a project and the risk assessment procedures of financial institutions that have adopted the principles — Equator Principles Financial Institutions (EPFIs). This paper points out gaps in how EPFIs address the implementation of guidelines in project finance decision making, how projects implement environmental and social assessment processes in practice and whether the implementation will have a positive effect on project sustainability. The paper concludes that these gaps need further research and analysis too better understand the role of the EPs in sustainable development.