There are project lenders worldwide

CSR and investment banking

About the editors

Karen Wendt has more than 20 years of experience in investment banking. She works for a top tier international financial institution and leads the Equator Principles (EP) team. The equator principles, as they are called in German, are the internationally accepted standard for the identification, avoidance, reduction and control of ecological and social risks and effects in international financing. Karen was significantly involved in the creation of the Equator Principles in 2003 and, together with her colleagues in other institutions, has successfully created a so-called non-competitive level playing field for assessing and managing environmental and social risks. She has been a member of the board of directors (steering committee) of the Association of Equator Banks (EPFI Association) since its establishment and has been involved in the creation of a voluntary worldwide administrative law. She co-authored the EP in 2006, played a leading role in its revision and strategic review, and played a key role in the drafting of EP III. She has experience with human rights auditing in project financing, international labor law, environmental auditing and the creation of environmental management systems and action plans and mitigation strategies for large international transactions in various industries and regions that are intended to minimize ecological and social risks. Karen Wendt conducts stakeholder dialogues with international network organizations with regard to ESG. She holds an MBA from the University of Liverpool, UK. In addition, she is the editor of various books on the subject of responsible investing and finance and positive impact investing and finance, and sees in them the evolution of the subject of people, planet, profit and sustainable management towards an opportunity-oriented approach. Karen is a staunch ambassador for the equatorial principles. In her commitment to the equatorial principles, she was able to combine her internationally accumulated international know-how in project finance and at the EU Commission with the strategic skills that she learned in the strategic development department of a major bank. She also experienced an economy and a society in intense transition to a market economy. In 1993 and 1994 she worked as a visiting professor at two universities in Russia and Belarus and lived with her family in Moscow.
The success of the Equatorial Principles has convinced them that a change in the parameters of the world economy towards an approach of negative externalities internalized is feasible. Various initiatives can now be bundled so that the next strategic level, Positive Impact Investing and Finance, can be developed as a mainstream approach. She has also done research on investment banking culture, examined the role of value congruence and alignment of interests as well as the effects of leadership behavior on trust and value identity, and completed training as a coach for managers.

Bibliographic information