Adoption of Equator Principles 4

On 18 November 2019, the updated version of the Equator Principles (EP), EP4, was adopted by the Equator Principles Association. EP4 will apply to mandated transactions from 1 July 2020. This article discusses the key amendments made. Read more

Climate Change: Succeed in a lower-carbon future

Our new Climate Change: Succeed in a lower-carbon future report, which gathers insights from our global experts, considers the political, regulatory and commercial pressures arising from climate change, looks at the steps for ensuring that risk management practices measure up to the climate change challenge, and examines the benefits for businesses in all sectors that lead the transformation and innovate toward a lower-carbon future. Read more

Review of the Equator Principles – Draft EP4 released for comment

In November 2017, the Equator Principles Association (EP Association) announced a review of the Equator Principles in response to the changing approach of financial institutions, regulators, proponents and civil society to environmental and social risks. On 24 June 2019, the EP Association released a draft version four of the Equator Principles (Draft EP4). There are four proposed key amendments that financial institutions and proponents should be aware of. Read more

WA EPA consultation on greenhouse gas guidance

Last week the WA EPA commenced consultation on the greenhouse gas guidance. Submissions are due by 2 September 2019. Here we provide an overview of the EPA’s policy position and potential implications for industry. Read more

Climate change impacts used to reject new NSW coal mine

Proponents seeking consent for new projects, or modifications of existing projects, with ‘material’ greenhouse gas emissions across all industries in NSW should carefully assess climate change impacts, particularly if the proposal is not ‘carbon neutral’. On 8 February 2019, the NSW Land and Environment Court refused development consent for a new open cut mine near Gloucester, NSW. Read more