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Oil, Gas and Mining Lead ICSID Arbitration Case Load

ICSID Case Load Statistics 2014

The World Bank’s International Centre for Settlement of Investment Disputes (ICSID) recently published its case load statistics. The oil, gas and mining sector registered the highest case load (26%), including one to which Prizma contributed, followed by electric power and other energy (14%). The geographical distribution of all ICSID cases places South America on the top spot (26% of cases), followed closely by Eastern Europe and Central Asia (25%).    Shortlink: http://wp.me/p27qSt-K3

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Conducting Cyanide-Wildlife Causation Study for Gold Mine

Frozen Supernatant Pond at KumtorThe Kumtor Gold Company in the Kyrgyz Republic, a subsidiary of Centerra Gold, recently re-engaged Prizma to continue a Cyanide Wildlife Causation Study in order to satisfy the requirements of the Cyanide Code.  Shortlink: http://wp.me/p27qSt-JN

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EBRD to receive IAIA’s 2015 Corporate Initiative Award

italia2

The European Bank for Reconstruction and Development’s (EBRD) wins the IAIA 2015 Corporate Initiative Award for its work on the recently updated Environmental and Sustainability Policy which became effective in November 2014.  Shortlink: http://wp.me/p27qSt-JC Read the rest of this entry »

World Bank adopts XBRL for 2014 Sustainability Review

GRI XBRLThe World Bank continues to lead the pack of multilateral financial institutions in sustainability reporting. Not resting on its laurels, the Bank is now also one of the first adopters of GRI’s XBRL, a tagging system to make reporting machine-readable. Will others follow? http://wp.me/p27qSt-Je Read the rest of this entry »

Applying McKinsey Survey Results to Small Non-Profits?

Old Shack in Saint Lucia

A recent HBR article - Where Boards Fall Short - made me think about my board service experience with the Good News Project, a 501-c-3 nonprofit which provides opportunities for volunteer services and contributes to poverty alleviation in St. Lucia and other islands of the West Indies. What are the transferable lessons and actions? Shortlink: http://wp.me/p27qSt-IR Read the rest of this entry »

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 consulting services to developers and investors in order to make their projects more bankable, credible and sustainable. During Prizma's 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 spans the world. We invite you to download our newsletter: Prizma_10 Years in Business.  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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