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Unprincipled: Banks violate equator principles in financing Vietnamese coal-fired power stations

12 Oct 2018
Description

The Equator Principles (EPs) are a global set of voluntary standards that financial institutions sign on to – so that in financing large scale projects, they don’t harm to people and the environment. 

Market Forces, working with Vietnamese community organisations and other international NGOs, has found that EP signatory banks are violating those principles in their involvement in syndicates funding five Vietnamese coal-fired power stations. In doing so, they are failing the people that the principles seek to protect.

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Peer Reviewed: 
No
Published year only: 
2018
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