The transition from EP3 to EP4 has the potential to significantly impact new projects and expansions of existing projects financed by EPFIs in the United States and other high-income Designated Countries -

The Equator Principles (EPs) were recently updated and the transition from the June 2013 version (known as EP3) to the November 2019 version (known as EP4) occurred on October 1, 2020. On June 19, 2020, the Equator Principles Association (EP Association) extended the previous effective date of July 1, 2020, by three months due to disruptions caused by COVID-19 and released guidance for the implementation of the EPs during the pandemic.