Equator Principles.csv

Red LineText of policiesCommentsScore
Regulatory requirements
Ensure LegalityPrinciple 2: Environmental and Social Assessment - The EPFI will require the client to conduct an appropriate Assessment process (...)
Principle 3: Applicable Environmental and Social Standards - The Assessment process should, in the first instance, address compliance with relevant host
country laws, regulations and permits that pertain to environmental and social issues.

Where a Project has a potential to cause adverse Human Rights impacts, the Assessment Documentation should include an assessment of those impacts.(p27)
Human Rights are described in international standards aimed at securing dignity and equality for all. (...) As a minimum, relevant human rights are those expressed in the International Bill of Human Rights – meaning the Universal Declaration of Human Rights, the International Covenant on Civil and Political Rights and the International Covenant on Economic, Social and Cultural Rights and the principles concerning fundamental rights set out in the International Labour Organisation’s Declaration on Fundamental Principles and Rights at Work. (p29)
The EP require companies to make an assessment (Principle 2) that should assess compliance with local and national laws (Principle 3). It should also asses human rights impacts, and it references several (though not all) of the international conventions.well
No Corruption and Tax EvasionNot covered in the policynot
Ensure ESIA for mills and plantationsPrinciple 2: Environmental and Social Assessment - The EPFI will require the client to conduct an appropriate Assessment. (...) For Category A and, as appropriate, Category B Projects, the Assessment Documentation includes an Environmental and Social Impact Assessment (ESIA).

Principle 10: Reporting and Transparency (...) - For all Category A and, as appropriate, Category B Projects: The client will ensure that, at a minimum, a summary of the ESIA is accessible and available online (...)
Though most mills would qualify as a project A and require an ESIA, it is not clear if the same is true for the plantations.partly
Social requirements
Ensure FPICPrinciple 5: Stakeholder Engagement. (...) For Projects with potentially significant adverse impacts on Affected Communities, the client
will conduct an Informed Consultation and Participation process. (...) IFC Performance Standard 7 paragraphs 13-17 detail the special circumstances that require the Free, Prior and Informed Consent (FPIC) of affected Indigenous Peoples (...).
FPIC requirements are mostly limted to indigenous peoples.partly
Respect Human Rights* we will fulfill our responsibility to respect Human Rights in line with the United Nations Guiding Principles on Business and Human Rights (UNGPs) by carrying out human rights due diligence (p4);

Principle 1: Review and Categorisation - When a Project is proposed for financing, the EPFI will, as part of its internal environmental and social review and due diligence, categorise the Project based on the magnitude of potential environmental and social risks and impacts, including those related to Human Rights (...)

Human Rights are described in international standards aimed at securing dignity and equality for all. (...) As a minimum, relevant human rights are those expressed in the International Bill of Human Rights – meaning the Universal Declaration of Human Rights, the International Covenant on Civil and Political Rights and the International Covenant on Economic, Social and Cultural Rights and the principles concerning fundamental rights set out in the International Labour Organisation’s
Declaration on Fundamental Principles and Rights at Work.
PS1 require companies to assess the impacts a project will have on human rights, but does not clearly require companies to respect human rights. In the preamble the IFC states it fulfills its responsiblity regarding respect for human rights by carrying out due diligence processes. This again, is about assessing the impact, not about requiring a company to comply with human rights conventions.partly
Respect Indigenous rights and customary land use rightsPrinciple 5: Stakeholder Engagement. (...) For Projects with potentially significant adverse impacts on Affected Communities, the client
will conduct an Informed Consultation and Participation process. (...) IFC Performance Standard 7 paragraphs 13-17 detail the special circumstances that require the Free, Prior and Informed Consent (FPIC) of affected Indigenous Peoples, which include any of the following:
• Projects with impacts on lands and natural resources subject to traditional ownership or under the customary use of Indigenous Peoples,
Principle 5 guarantees respect for most customary land rigths but does not necessarily guarantee use rights nor the respect for all the rights as defined by UNDRIP.partly
No forced resettlementPrinciple 5: Stakeholder Engagement. (...) For Projects with potentially significant adverse impacts on Affected Communities, the client
will conduct an Informed Consultation and Participation process. (...) IFC Performance Standard 7 paragraphs 13-17 detail the special circumstances that require the Free, Prior and Informed Consent (FPIC) of affected Indigenous Peoples, which include any of the following: (...)
* Projects requiring the relocation of Indigenous Peoples from lands and natural resources subject to traditional ownership or under customary use (...)
PS5 requires FPIC for the relocation of indigenous peoples, but not for relocating other communitiespartly
Environmental Requirements
No forest degradation and deforestationPrinciple 3: Applicable Environmental and Social Standards
(...) The EPFI will, with supporting advice from the Independent Environmental and Social Consultant where applicable, evaluate the Project’s compliance with the applicable standards as follows:
1. For Projects located in Non-Designated Countries, compliance with the applicable IFC Performance Standards on Environmental and Social Sustainability (Performance Standards) and the World Bank Group Environmental, Health and Safety Guidelines (EHS Guidelines) (Exhibit III).
2. For Projects located in Designated Countries, compliance with relevant host country laws, regulations and permits that pertain to environmental and social issues.
The EP refer to the IFC PS and national legistlation for designated countries. It does not have criteria itself and not necessarily all designated countries have laws that protect forests.partly
Protect endangered speciesPrinciple 3: Applicable Environmental and Social Standards
(...) The EPFI will, with supporting advice from the Independent Environmental and Social Consultant where applicable, evaluate the Project’s compliance with the applicable standards as follows:
1. For Projects located in Non-Designated Countries, compliance with the applicable IFC Performance Standards on Environmental and Social Sustainability (Performance Standards) and the World Bank Group Environmental, Health and Safety Guidelines (EHS Guidelines) (Exhibit III).
2. For Projects located in Designated Countries, compliance with relevant host country laws, regulations and permits that pertain to environmental and social issues.
There is no full prohibition for the harvest and/or trade in IUCN listed speciespartly
No high-risk speciesPrinciple 3: Applicable Environmental and Social Standards
(...) The EPFI will, with supporting advice from the Independent Environmental and Social Consultant where applicable, evaluate the Project’s compliance with the applicable standards as follows:
1. For Projects located in Non-Designated Countries, compliance with the applicable IFC Performance Standards on Environmental and Social Sustainability (Performance Standards) and the World Bank Group Environmental, Health and Safety Guidelines (EHS Guidelines) (Exhibit III).
2. For Projects located in Designated Countries, compliance with relevant host country laws, regulations and permits that pertain to environmental and social issues.
IFC: Clients may not introduce any new alien species, unless this is done in accordance with existing laws/regulations (PS6). If the alien species are of high risk to the area, this is not permitted (regardless the local regulations). This applies to third party operations. No mention of genetically modified species. The EPs expect that this is secured in national legislation for projects in designated countries, but this is not guaranteed.partly
No firePrinciple 3: Applicable Environmental and Social Standards
(...) The EPFI will, with supporting advice from the Independent Environmental and Social Consultant where applicable, evaluate the Project’s compliance with the applicable standards as follows:
1. For Projects located in Non-Designated Countries, compliance with the applicable IFC Performance Standards on Environmental and Social Sustainability (Performance Standards) and the World Bank Group Environmental, Health and Safety Guidelines (EHS Guidelines) (Exhibit III).
2. For Projects located in Designated Countries, compliance with relevant host country laws, regulations and permits that pertain to environmental and social issues.
EHS Guidelines for Forest Harvesting Operations allow burning as a land management technique, “in addition to other uses” (p.14).not
Protect peatNot mentioned in the relevant documents.not
No persistent pollutionPrinciple 3: Applicable Environmental and Social Standards
(...) The EPFI will, with supporting advice from the Independent Environmental and Social Consultant where applicable, evaluate the Project’s compliance with the applicable standards as follows:
1. For Projects located in Non-Designated Countries, compliance with the applicable IFC Performance Standards on Environmental and Social Sustainability (Performance Standards) and the World Bank Group Environmental, Health and Safety Guidelines (EHS Guidelines) (Exhibit III).
2. For Projects located in Designated Countries, compliance with relevant host country laws, regulations and permits that pertain to environmental and social issues.
The EHS have detailed guidelines but no clear prohibition on causing persistent pollution. Secondary treatment is recomnneded, but not compulsory; Elemental chlorine should be avoided, but is also not forbidden; partly
Corporate association / scope of the policy
Corporate association / scope of the policyNot covered in the policynot