Equator Principles and Equifinality: Difference between pages

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imported>Doug Williamson
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imported>Doug Williamson
(Create page. Sources: linked pages and Revolvy webpage https://www.revolvy.com/page/Equifinality)
 
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''Project finance - environmental and social concerns.''
1. ''Competitive advantage''.


Equifinality means that there are different, and equally valid, routes to reach the same end result.


'''''From the Equator Principles website:'''''
In business, equifinality means that firms can establish similar competitive advantages based on substantially different competencies.


:"The Equator Principles (EPs) is a risk management framework, adopted by financial institutions, for determining, assessing and managing environmental and social risk in projects and is primarily intended to provide a minimum standard for due diligence and monitoring to support responsible risk decision-making.


:Currently 94 Equator Principles Financial Institutions (EPFIs) in 37 countries have officially adopted the EPs, covering the majority of international project finance debt within developed and emerging markets.
2. ''Organisational management''.


:EPFIs commit to implementing the EPs in their internal environmental and social policies, procedures and standards for financing projects and will not provide project finance or related loans to projects where the client will not, or is unable to, comply with the EPs.
In the organisational context, equifinality means that there is no single optimal structure for achieving organisational effectiveness.


:The EPs have greatly increased the attention and focus on social/community standards and responsibility, including robust standards for indigenous peoples, labour standards, and consultation with locally affected communities within the project finance market. They have also promoted convergence around common environmental and social standards. Multilateral development banks, including the European Bank for Reconstruction & Development, and export credit agencies through the OECD Common Approaches are increasingly drawing on the same standards as the EPs."
This also promotes the importance of diversity of thought as a key aspect of organisational diversity.




==See also==
3.
*[[Due diligence]]
*[[Environmental concerns]]
*[[European Bank for Reconstruction and Development]]
*[[ESG investment]]
* [[Organisation for Economic Co-operation and Development]]  (OECD)
*[[Principles for Responsible Investment]]
*[[Project finance]]
*[[Risk management]]
*[[Social concerns]]


Similar concepts applied in many other fields.


==External link==
[https://equator-principles.com/about/ The Equator Principles webpage]


== See also ==
* [[30% Club]]
* [[Affinity bias]]
* [[BAME]]
* [[Board of directors]]
* [[Competition]]
* [[Corporate governance]]
* [[Corporate social responsibility ]]
* [[D&I]]
* [[Developments in corporate and market regulation: implications for the treasurer]]
* [[Diversification]]
* [[Diversity]]
* [[ESG investment]]
* [[Ethics]]
* [[Governance]]
* [[Kay Review]]
* [[Institute of Business Ethics]]
* [[Market environment matrix]]
* [[Shareholder value]]
* [[UK Corporate Governance Code]]
[[Category:Commercial_drive_and_organisation]]
[[Category:Influencing]]
[[Category:Self_management_and_accountability]]
[[Category:Working_effectively_with_others]]
[[Category:Planning_and_projects]]
[[Category:The_business_context]]
[[Category:The_business_context]]
[[Category:Ethics]]
[[Category:Treasury_operations_infrastructure]]

Revision as of 22:12, 23 October 2019

1. Competitive advantage.

Equifinality means that there are different, and equally valid, routes to reach the same end result.

In business, equifinality means that firms can establish similar competitive advantages based on substantially different competencies.


2. Organisational management.

In the organisational context, equifinality means that there is no single optimal structure for achieving organisational effectiveness.

This also promotes the importance of diversity of thought as a key aspect of organisational diversity.


3.

Similar concepts applied in many other fields.


See also