What does “adopt” mean? Will financial institutions be signing an agreement of some kind?
Each institution adopting the Equator Principles individually declares that it has or will put in place internal policies and processes that are consistent with the Equator Principles. Every financial institution will be required to complete a simple adoption process. Below is the existing adoption procedure, which the secretariat introduces to the Institutions who wish to adopt EPs: 1) An adoption form is filled out by the adopting institution. The EP adoption form is available here 2) Incoming institution prepares and sends a press release announcing its adoption to be posted on the EP Website 3) Incoming institution provides a link to their home page and/or environmental page to be linked to their name which will be added to the list of adopting banks on the website 4) The adopting institution posts a link to the Equator Principles web site on its web site. There is also a new requirement (new “Principle 10”) that requires EPFIs to report publicly regarding their EP implementation e
