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Which company was behind the creation of the Equator Principles quizlet?
The Equator Principles, formally launched in Washington DC on 4 June 2003, were based on existing environmental and social policy frameworks established by the International Finance Corporation.
Who created Equator?
The Equator was discovered and mapped out by a French geodesic expedition team that was led by an explorer named Charles-Marie de La Comdamine in the year 1736. La Condamine spent 10 years in Ecuador taking measurements and proved that the world is not perfectly round, but that it bulges at the equator.
Which companies institution is a signatory to the Equator Principles?
The Equator Principles, formally launched in Washington, DC on 4 June 2003, were based on existing environmental and social policy frameworks established by the International Finance Corporation.
Is the equator wrong?
The real equator is about 250 yards away. It’s a sham, although it was never intended to be, since the screw-up was caused by a French expedition in 1736 that marked the wrong spot. And get this, the mistake wasn’t realized until just a few years ago when the Global Positioning System (GPS) was invented.
How was the equator decided?
The International Meridian Conference of 1884 chose a single line of longitude running through Greenwich, England, as the prime meridian. Earth is a sphere and the equator and the prime meridian divide Earth into four hemispheres: north, south, east, and west.
Are people happier closer to the equator?
In both the Northern and Southern hemispheres, happiness is higher in countries farther away from the equator (such as Denmark or New Zealand) than those closer to it (such as Vietnam or Cambodia).
Why is it good to live near the equator?
Scientists say countries closer to the equator have many other reasons to cheer up. They say the region is on the western side of the subtropical anticyclones and thus receives warm and humid air from the Atlantic Ocean. Therefore, areas in Brazil adjacent to the Tropics are extremely fertile for agriculture.
What is the purpose of the Equator Principles?
It is primarily intended to provide a minimum standard for due diligence to support responsible risk decision-making. As of March 2021, 116 financial institutions in 37 countries have officially adopted the Equator Principles, covering the majority of international Project Finance debt in emerging and developed markets.
What is the Equator Principles framework (EP)?
A financial industry benchmark for determining, assessing and managing environmental and social risk in projects. Equator Principles Financial Institutions (EPFIs) are required to report annually on their EP-related activities. Search their reporting data and project name information. The Equator Principles framework consists of 10 Principles.
How many countries have adopted the Equator Principles?
As of April 2017, 89 financial institutions in 37 countries have officially adopted the Equator Principles. Principle 4: Environmental and Social Management System and Equator Principles Action Plan NGOs have generally welcomed the Principles, but some have expressed concerns over their integrity.
Can the Equator Principles be applied retroactively?
While the Equator Principles are not intended to be applied retroactively, EPFIs apply them to the expansion or upgrade of an existing project where changes in scale or scope may create significant environmental and social risks and impacts, or significantly change the nature or degree of an existing impact.