Law Commons^™

The Equator Principles: The Private Financial Sector's Attempt At Environmental Responsibility, Andrew Hardenbrook

Vanderbilt Journal of Transnational Law

The Equator Principles are a set of voluntary environmental guidelines created to manage environmental degradation that results from large-scale developmental projects in the Third World. On June 4, 2003, ten private financial institutions adopted these guidelines, and by the end of 2006 this number had grown to forty. Moreover, in June 2006 the Principles were revised, raising the level of scrutiny for companies that adhere to these guidelines.

At first blush, the adoption of the Equator Principles by private financial institutions appears to be a substantial step toward implementing environmental standards in developing countries that lack adequate regulations. However, three …

Cachet Not Cash: Another Sort Of World Bank Group Borrowing, Natasha Affolder

All Faculty Publications

This article explores the extent to which the World Bank's Environmental and Social Guidelines now serve as standards of acceptable global environmental and social behavior for transnational corporations. Although the World Bank Standards were not created for the purpose of providing global rules for business on social and environmental issues, they are frequently cited as de facto global standards. This article reveals the unlikely rise in prominence of these standards and the widespread adoption of these rules by corporations, public and private financial institutions, governments, and export credit agencies. This example of private borrowing of public standards is intriguing not …

Keeping It Private, Going Public: Assessing, Monitoring, And Disclosing The Global Warming Performance Of Project Finance, Julia Philpott

Sustainable Development Law & Policy

No abstract provided.

The "Equator Principles": Improved Social Responsibility In The Private Finance Sector, Miki Kamijyo

Sustainable Development Law & Policy

No abstract provided.