PRIZMA

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Prizma Celebrates 10 Years in Business

Mehrdad Nazari webTen years ago, Mehrdad Nazari, a former environmental and sustainability specialist at the European Bank, set up Prizma as a boutique ESIA and sustainability advisory practice. We provide environmental and social advisory services to developers and investors in order to make their projects more bankable, credible and sustainable. During the first decade, our journey has taken us from gold mining in Central Asia to wind farming in Central America. Our engagements have benefited junior mining companies to multilateral financial institutions. And our network now spans the world. We invite you to download our newsletter: Prizma_10 Years in Business and browse Prizma's blog to learn more about our activities. Let's explore how we can support your projects.  http://wp.me/p27qSt-HQ

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Centerra Gold Extends US$150M Revolving Credit Facility With EBRD

Image courtesy of KOC

Centerra Gold Inc. recently announced it has extended its existing US$150 million revolving credit facility with the European Bank for Reconstruction and Development (EBRD) until February 17, 2016. Prizma has been assisting Centerra and its Kumtor operation with their corporate responsibility and sustainability reporting efforts and other activities. Shortlink: http://wp.me/p27qSt-HM Read the rest of this entry »

IFC Closes $300 MM Financing for Largest Wind Farm in Central America

Penenome Wind Farm PanamaIFC announced that it completed a $300 million financing package for the construction of Phase II and Phase III of the Penonome wind power plant, the largest wind farm in Central America. Prizma's involvement in the Penonome project was previously posted here. Shortlink: http://wp.me/p27qSt-HE
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Prizma to Support Lucara Diamond with G4 Sustainability Reporting

Lucara Diamond Karowe Prizma was recently re-engaged to assist Lucara Diamond Corp., a new diamond producer, with its sustainability reporting process. Lucara’s two key assets are the Karowe mine in Botswana and the Mothae project in Lesotho. Lucara is pursuing a transition of its reporting to GRI-G4, the Global Reporting Initiative’s latest sustainability reporting guidelines.

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

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How about Canadian Equator Banks and Transparency?

In Which countries does EPIII Apply

Having read Olaf Weber’s publication titled, “Equator Principles Reporting: Do Financial Institutions meet their Goals?” as well as Mehrdad’s review and comments on it (Equator Banks get poor Marks on Transparency and Disclosure ), I have been prompted to submit a few observations of my own based on a survey I carried out on Canadian EPFIs last year.

Blog by Bill Kennedy -  shortlink: http://wp.me/p27qSt-He

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MDBs adopting GRI Framework

Cover_GRI4As a former staff of the European Bank currently assisting the World Bank with a stakeholder panel review of its corporate responsibility review, I was impressed to see that many of the major multilateral development banks (MDBs) have adopted the sustainability reporting framework of the Global Reporting Initiative (GRI). The World Bank was one of the first organizations to adopt the latest – fourth generation – guidelines (GRI G4) already last year, and still remains the only one to do so amongst its peers.

Shortlink: http://wp.me/p27qSt-H3 Read the rest of this entry »

Wind Power Challenges and Solutions – Seminar hosted by IDB

wind-birds_shutterstock

As a consultant currently contributing to the development of a wind farm project in Panama, and previously serving as an environmental specialist at the European Bank in London, I took the opportunity to attend a recent seminar on Wind Power Challenges and Solutions. The seminar was hosted by the Inter-American Development Bank (IDB) in Washington DC. The meeting provided valuable insights into lessons learned, and emerging environmental expectations of financiers of wind projects in emerging markets. (Shortlink: http://wp.me/p27qSt-Gu)

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E&S Guidelines for Wind Projects in Emerging Markets

Wind farm developments in emerging markets

The scale of wind farm developments in emerging markets and associated risks often necessitate co-financing by bilateral or export credit agencies, development and multilateral financial institutions, and Equator Banks. The key environmental and social guidelines (and good practice notes) for wind projects these financial institutions - and their independent engineers - use to benchmark environmental and social risks, and define monitoring and mitigation requirements are listed in this blog entry.

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

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Why are GRI report publication dates shifting to later?

Image Best-Before 03As a GRI-G4 certified practitioner in sustainability reporting, I note an interesting trend. Reporting dates appear to show a forward shift (on average), although you might expect the opposite, as organisations get better at it. Why is this?

Blog by Peter Easton, Link: http://wp.me/p27qSt-Gm

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Equator Principles (EPIII) Implementation Note

Complexity of Equator PrinciplesShortly after Mizuho Bank took over as the first Asian chair of the Equator Principles Association, the EP Association published the Equator Principles Implementation Note. It provides a valuable reference for Equator Banks and practitioners, such ESIA consultants, Independent Engineers, expert witnesses in international arbitration, and assurance providers. It also highlights the new complexities of the expanded - but qualified - scope of EPIII, and associated reporting requirements.

http://wp.me/p27qSt-FV

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