PRIZMA

- Assessing Kyrgyz Commission’s Report on Centerra Gold’s Kumtor Gold Mine

- Supporting ScottsMiracle-Gro with CR Reporting 

- Supporting Claimant at International Arbitration Hearing case before ICSID

-Completing 3rd Party Check for Lundin Mining’s 2011 Sustainability Report

You can access the  PDF version of the newsletter here or request via email here. Looking forward to your comments and suggestions.

Prizma's Mehrdad Nazari was engaged by White & Case to serve as an Expert Witness for Claimant in the case of Gold Reserve Inc. v. Bolivarian Republic of Venezuela which is before the International Centre for Settlement of Investment Disputes (ICSID). According to its press release, Gold Reserve claims damages of approximately $2.1 billion arising from violations of provisions of the Canada-Venezuela bilateral investment treaty resulting in the effective expropriation of Gold Reserve's sizable investments in the Brisas gold/copper project and the Choco 5 property. (more...)

Today, the Equator Principles Association announced a delay to the development and launch of the Equator Principles III Update. The new launch date is currently set for July 2012. (more...)

The IFC  published its Updated Guidance Notes, the companion to the Updated IFC Performance Standards, which will also apply to Equator Banks and be effective January 1, 2012. 

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As the year is coming to an end, I assembled the favorite entries on my blog. Are you curious to see which ones made it to the Top 10 list and which ones attracted most comments? (more...)

Prizma’s Bill Kennedy was recently invited to participate at the 6^th Sustainability Management Conference in Seoul, Korea.  The focus of the event, sponsored by the Korean Standards Association and the Ministry of Knowledge Economy, was an examination of the IFC Performance Standards, the Equator Principles and OECD’s Guidelines for Multinational Enterprises and the way in which companies and banks have been responding to them.  (more...)

The Equtor Principles Association has recently co-launched the Biodiversity for Banks (B4B) program, with World Wildlife Fund (WWF) and the Business and Biodiversity Offsets Program (BBOP). (more...)

In advance of the gathering of Equator Banks for the fifth Community of Learning event hosted by the IFC this week, BankTrack published its critical review: The Outside Job -Turning the Equator Principles towards people and planet. (more...)

Given trust deficit highlighted by Occupy Wall Street movement, should Equator Bank’s develop and adopt assurance standards, a recommendation emerging from the Strategic Review of the Equator Principles?

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IFC disclosed its 2011 Sustainability Framework (that includes the IFC Performance Standards) which will become effective on January 1, 2012. They contain strengthened aspects related to transparency, climate change, business and human rights, biodiversity and supply-chain management.

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