Publication

This paper analyzes the compliance of financial institutions in adhering to the voluntary Equator Principles code of conduct for assessing, managing and reporting the environmental and social impacts of long-term infrastructure and industrial projects. The findings reveal that, despite these institutions being required to disclose information on whether a project is socially responsible and reflects sound environmental management practices, only about five percent of them do so. The author also notes that the larger the financial institution, the higher the reporting quality.