PRIZMA

Bankable. Credible. Sustainable.

Flower

Water Access, Pollution Realities in Naryn: EBRD to fund FS, Project

Sampling city water in Naryn

Instead of conjuring up mining related pollution problems (see also Postcard from Naryn, Kyrgyz Republic), the City of Naryn and multilateral lenders seem to be embracing the realities associated with dilapidated water and waste water treatment systems.

Shortlink: http://wp.me/p27qSt-yH

Read the rest of this entry »

FT/IFC Sustainable Finance Awards: Promoting Innovation or Greenwash?

FT IFC Sustainable Finance Awards

On June 13, 2013, the Financial Times and the International Finance Corporation (IFC) announced the winners of the 2013 FT/IFC Sustainable Finance Awards. These awards went to M-KOPA of Kenya winning the Award for Excellence in Sustainable Finance, Banco Santander taking the Sustainable Global Bank of the Year transaction prize, and Impax Asset Management of the UK recognized as Sustainable Investor of the Year. 

Shortlink: http://wp.me/p27qSt-yt

Read the rest of this entry »

NGO BankTrack zooming in on Equator Banks

BankTrack 2012 Annual ReportBankTrack, a networked NGO, continuous to position itself as a watchdog of the Equator Principles. According to its recently launched 2012 Annual Report, BankTrack is expecting to provide a platform for NGOs to pursue Equator Principles-related complaints.

 

Read the rest of this entry »

Postcard from the Panama Canal

IMG_0075

As we were watching in awe how large container ships were guided through the Miraflores locks of the Panama Canal, I wondered if the tourists around us were aware of the on-going expansion of the Panama Canal, co-financed by IFC, ADC, IADB, EIB and JBIC, and the emerging $40 billion competition in Nicaragua.

 

Read the rest of this entry »

Third Gen Equator Principles (EPIII) is Out – What’s New?

Adoption of Equator Principles by Regions June 2013

EPs are financial industry benchmark for determining, assessing and managing environmental and social risk in projects. Have EPs come a long way or are you, like BankTrack, underwhelmed?

 

Read the rest of this entry »

Supporting Penonome Wind Farm in Panama

Wind farm developmentPrizma has been retained to support the Penonome Wind Farm development in Panama. This project is being developed by Union Eolica Panameña, the Panamanian subsidiary of Spain’s Unión Eólica.

Shortlink: http://wp.me/p27qSt-xJ

Read the rest of this entry »

Third Gen Equator Principles (EPIII) Published

EP Membership and Distribution

Equator Banks have approved a major update to the Equator Principles, referred to as EPIII. It has extended its scope to project-related corporate loans and bridge loans. Shortlink: http://wp.me/p27qSt-xl Read the rest of this entry »

Equator Principles – Creating New Regulators or the Extra Mile?

A recent note on the LinkedIn site of the International Council on Mining and Metals (ICMM) suggests that Equator Principles Financial Institutions (better known as Equator Banks) are emerging as the new 'regulators'. Is this real or desirable?  Shortlink: http://wp.me/p27qSt-wZ Read the rest of this entry »

Lucara Diamond publishes Inaugural Sustainability Report

Lucara Diamond Sustainability Report 2012 Cover

While traveling on an Independent Engineer/Equator Principles assignment, I was pleased to note that Lucara Diamond Corp, a new diamond producer, web-published its inaugural 2012 Sustainability Report. Lucara’s producing asset is the Karowe diamond mine in Botswana. As noted previously, Prizma had been retained to assist Lucara to generate its inaugural 2012 Sustainability Report. - Shortlink: http://wp.me/p27qSt-wB

Bookmark and Share

Supporting Centerra Gold with CR Reporting

20070614_0302774

Prizma has been retained to support Centerra Gold, a Canadian-based gold mining and exploration company, with its Corporate Responsibility reporting efforts. Read the rest of this entry »