The Government has just given a fairly clear mandate for new nuclear power stations. However, potential funders should consider the extent to which they can back new projects while complying with their environmental and corporate social responsibility policies. A popular basis for these policies, particularly in the financial sector, is the Equator Principles.
Organisations involved in project finance lending can commit to these 10 tenets as a means of managing the social and environmental risks of projects they finance. The principles apply to a wide range of project investments, with the intention that those organisations that sign up – known as Equator Principles Financial Institutions (EPFIs) – will ensure they are consistent with the principles.
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