European Bank (EBRD) Performance Requirements

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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.

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E&S Guidelines for Wind Projects 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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Equator Banks get poor Marks on Transparency and Disclosure

Equator Principles Reporting Do Financial Institutions meet their GoalsAs a practitioner involved in bankable ESIAs, and supporting developers and financial advisors/institutions for projects ranging from wind farms to mining, I follow the developments around the IFC Performance Standards and the Equator Principles closely. This is why Olaf Weber’s publication “Equator Principles Reporting: Do Financial Institutions meet their Goals?” caught my eye. -- Link: http://wp.me/p27qSt-FG

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Local Procurement in Canadian Mining Sector

EWB Local Procurement by Canadian Mining Industry CoverIn February 2014, Engineers Without Borders Canada released a study on public reporting covering local procurement by the Canadian mining industry. Which companies were singled out as leaders and how does this compare to procurement reporting in some  GRI reports to which I contributed?

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Postcard from London: Meeting at EBRD, Harpenden or Joburg?

Temporary being based in the UK has its upsides. It is not as cold as Wisconsin (-26 F yesterday) and you can easily visit Chelsea’s Stamford Bridge (stadium). Reconnecting with colleagues and friends can be more tricky. Luckily, we could arrange to meet in Joburg.

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Visiting Yuri Gagarin’s Bust – Postcard from Kyrgyzstan

Mehrdad Nazari visiting Yuri Gagarin Bust in BarskoonAs the negotiations around the Kumtor Gold Mine are continuing with more audits and inspections, I had a chance to stop for a picture at one of the more famous tourist sites in the Barskoon valley: a bust from Yuri Gagarin, the first human to journey into outer space in 1961.  - (Shortlink: http://wp.me/p27qSt-A6)   Read More

Equator Principles (EPIII) and IFC Performance Standards Training Courses

Equator Principles EPIII and IFC Performance Standards Training Course

Following successful courses delivered in London (hosted by Parsons Brinkerhoff on 21 Sept) and Toronto (hosted by TD Bank on 29 Oct), Prizma was commissioned by a confidential client to deliver a 1-day training courses on the Equator Principles (EPIII or EP3) and the IFC Performance Standards (2012) on December 19th, 2013 in Europe. Please contact us if you are interested in hearing about our future courses. - Shortlink is http://wp.me/p27qSt-zK

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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

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Being Accused of Conflict of Interest not Fun

27_Kalia-Moldogazieva-taking-samples-at-the-Kumtor-Goldmine-Dr. Kalia Moldogazieva (right), the Director of “Tree of Life”, a Kyrgyz NGO, accused Prizma’s Mehrdad Nazari of “conflict of interest” in his work relating to Kumtor, a subsidiary of Centerra Gold. Are Dr. Moldogazieva’s concerns justified?

 

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Biodiversity & Positioning – Problem or Solution?

At a recent workshop facilitated by Prizma, stakeholders welcomed Kumtor Gold’s efforts to pursue the development of a biodiversity management strategy and related collaboration with stakeholders. Kumtor is the first mining company in the Kyrgyz Republic to do so. Will this address the chasm between perception and reality? Read More