The Use of “Equator Principles” for Project Compliance …
345
the territory of the Cassupa people in Porto Velho. The problems it might cause that
could potentially affect indigenous peoples were initially identified by subsequent
diagnosis and planning.
The support of Santo Antônio Energia helps to protect indigenous territories with
the help of a local FUNAI office and the indigenous peoples themselves. The support
program for these communities consists of emergency and action plans. In addition,
the project has the support of indigenous peoples by establishing a very transparent
relationship with their leaders (Santo Antônio Energia 2012).
4 Conclusions and Suggestion of New Studies
The findings of this paper were possible by performing a literature review, consulting
the company’s documents and the work spent on the construction itself, and verifying
its case study.
The main limitations of this study are inherent to the chosen methods. This means
the literature review does not cover all the possibilities of alternatives for financing
the company considering sustainable finances. The description of the case study is
biased in the elaboration of the analysis and in the description of the company’s
particularities, in addition to the researcher, participants, and the case particularities.
This study supports and guides organizational practices focusing on the compliance of companies to the Equator Principles by using the adoption of its paradigms.
The novelty of addressing the Equator Principles arose from focusing on the
positive impacts on the environmental conduct of signatory banks, including their
sustainable participation in the financial structure of projects that take into account
environmental and social issues.
Moreover, it proposes a financing alternative that can be used to aid in the
implementation and management of organizational practices.
Currently, organizational awareness is required for all project participants in which
an environmental problem must be economically and socially feasible for a business.
The three pillars of sustainability economic, social and environmental must be treated
in a coherent and balanced manner.
In Brazil, the context for implementing the Equator Principles involves the
growing market of Project Finance, which implies environmental, social, credit and
image risks. The presence of foreign banks, some pioneering signatories, as well as
the international financial corporation’s performance in certain projects, financing
from Multilateral Agencies and Export Credit Agencies motivated the introduction
of social and environmental policies and practices in the development of projects,
in addition to innovative technologies, increasing competitiveness, allowing for the
sustainable feasibility of companies and consolidating the culture of sustainability.
For future studies, we suggest to evaluate the sustainability profile of the Santo
Antônio HPP in its operational phase.
345
the territory of the Cassupa people in Porto Velho. The problems it might cause that
could potentially affect indigenous peoples were initially identified by subsequent
diagnosis and planning.
The support of Santo Antônio Energia helps to protect indigenous territories with
the help of a local FUNAI office and the indigenous peoples themselves. The support
program for these communities consists of emergency and action plans. In addition,
the project has the support of indigenous peoples by establishing a very transparent
relationship with their leaders (Santo Antônio Energia 2012).
4 Conclusions and Suggestion of New Studies
The findings of this paper were possible by performing a literature review, consulting
the company’s documents and the work spent on the construction itself, and verifying
its case study.
The main limitations of this study are inherent to the chosen methods. This means
the literature review does not cover all the possibilities of alternatives for financing
the company considering sustainable finances. The description of the case study is
biased in the elaboration of the analysis and in the description of the company’s
particularities, in addition to the researcher, participants, and the case particularities.
This study supports and guides organizational practices focusing on the compliance of companies to the Equator Principles by using the adoption of its paradigms.
The novelty of addressing the Equator Principles arose from focusing on the
positive impacts on the environmental conduct of signatory banks, including their
sustainable participation in the financial structure of projects that take into account
environmental and social issues.
Moreover, it proposes a financing alternative that can be used to aid in the
implementation and management of organizational practices.
Currently, organizational awareness is required for all project participants in which
an environmental problem must be economically and socially feasible for a business.
The three pillars of sustainability economic, social and environmental must be treated
in a coherent and balanced manner.
In Brazil, the context for implementing the Equator Principles involves the
growing market of Project Finance, which implies environmental, social, credit and
image risks. The presence of foreign banks, some pioneering signatories, as well as
the international financial corporation’s performance in certain projects, financing
from Multilateral Agencies and Export Credit Agencies motivated the introduction
of social and environmental policies and practices in the development of projects,
in addition to innovative technologies, increasing competitiveness, allowing for the
sustainable feasibility of companies and consolidating the culture of sustainability.
For future studies, we suggest to evaluate the sustainability profile of the Santo
Antônio HPP in its operational phase.