Abstract
As a system of managing environmental and social risk in the sector of
large-scale international project finance, the Equator Principles (EPs) have
generated increased interest and critical engagement in the private, public,
and academic spheres. Particular research in the field of transnational
governance is especially concerned with assessing the degree in which
private and public actors are revolutionizing the methods and procedures of
governance in the wake of the decline of the welfare state, and rise of the
post-regulatory state. Social scientists and legal theorists alike have
begun analyzing the effects of a shift in the “emphasis of control, to a
greater or lesser degree, from traditional bureaucratic mechanisms towards
instruments of regulation.” Within this context, the EPs present an
opportunity to analyze and assess the structure, procedures and
effectiveness of a self-regulatory governance system, voluntarily
established by private actors in the international project finance sector,
to mitigate social and environmental risks.
Publisher
Cambridge University Press (CUP)
Reference70 articles.
1. Ng & Loosemore , supra note 32, at 2.
2. Luhmann Niklas , Risk: A Sociological Theory 6 (1993).
3. Ng & Loosemore, supra note 32, at 5.
4. See Bank Track, supra note 13.
5. Phil Case, Environmental Risk Management and Corporate Lending: a Global Perspective 12 (1999).
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