Principios De Ecuador 2012

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DRAFT OF UPDATED EQUATOR PRINCIPLES (EP III) RELEASED MONDAY 13 AUGUST 2012
This package includes an Introduction, a Summary of Proposed Key Changes and Areas of Development, the draft of EP III (clean), the draft of EP III (marked up in track changes) and a Frequently Asked Questions document.INTRODUCTION
The Equator Principles (EP) Association released the draft of the updated Equator Principles (EP III) for stakeholder consultation and public comment on 13 August 2012. The formal stakeholder consultation and public comment period will continue for a minimum of 60 days giving all interested parties and stakeholders (including EP Association members, other financial institutions, clients,industry bodies and associations, non-governmental organisations, consultants, law firms and regulatory bodies) an opportunity to review the EP III draft and provide comments. The EP Association is committed to openness, transparency and responsiveness and will consider all stakeholder feedback. You can submit your views and participate in the process in one or more of the following ways: • • •Complete the online submission form. Email comments to ep3@equator-principles.com. Participate in a webinar and/or face-to-face meeting – details are published on the EP III web pages. Note that places are limited and by invitation only – you can register your interest in attending by emailing ep3meetings@equator-principles.com.

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SUMMARY OF PROPOSED KEY CHANGES AND AREAS OF DEVELOPMENT
KEY TOPIC Structure and Language RELEVANT SECTION All DESCRIPTION • The document has been divided in to 3 distinct sections to enable clear distinction between mandatory requirements in Main Text and Annexes, and supporting information in the Exhibits: 1. Main Text – Preamble, Scope and Statement ofPrinciples. 2. Annexes – This contains implementation requirements for applying certain aspects of the EP framework. The content of the Annexes are an integral part of the EP and the requirements within them are mandatory. 3. Exhibits – This contains supporting information including a new Glossary of Terms. • Several footnotes have been incorporated in the main text or added to the Glossary of Terms.Several Principles have been shortened and language has been adjusted or clarified. The document language has been refined to align with new/changed language in the 2012 IFC Performance Standards. The inclusion of Project-Related Corporate Loans (Corporate Loans related to one specific project) subject to a US$100m threshold and a loan tenor of at least 2 years. It should be noted that generalcorporate purposes loans are excluded from the scope of the EP (refer to the Scope section of the EP III draft for the criteria). The inclusion of Bridge Loans that will be refinanced by Project Finance or a Project-Related Corporate Loan.

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Scope

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Scope Principles 2, 4, 7, and 9 Exhibit I

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2__________________________________________________________________________________________ KEY TOPIC Categorisation RELEVANT SECTION • • Principle 1 Exhibit I in EP II DESCRIPTION • Exhibit I has been deleted and Categorisation has been included in the main text. It should be noted that further guidance material on Categorisation will be developed. There is a new requirement for an analysis of alternatives, including less carbon intensive fuel sources and technologies,for projects emitting over 100.000 tonnes CO 2 equivalent. It should be noted that the alternatives analysis is based on the requirements stipulated in the updated IFC Performance Standards. There is a new requirement for borrowers to publicly report on emissions for projects emitting over 100.000 tonnes CO 2 equivalent. It should be noted that further guidance material on implementation of these...