Article from: OGEL 1 (2006), in Good Governance
The current revision of the Equator Principles, a set of voluntary commitments by some of the world's largest banks to condition their financing of projects on the adherence to environmental and social standards, provides an important opportunity for banks to take concerted action to improve accountability in extractive industry investments. Following the lead of the IFC and EBRD, banks should match emerging standards of best corporate practice by requiring revenue and contract transparency from all clients in the oil, gas and mining sectors.
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OGEL 1 (2006), www.ogel.org