Equator Principles

now browsing by category

 

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

Penenome Wind Farm Panama

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

IFC announced that it completed a $300 million financing package for the construction of Laudato Si wind park (formerly known as 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
Read More

In Which countries does EPIII Apply

How about Canadian Equator Banks and Transparency?

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

Read More

Penenome Wind Farm Panama

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

Read More

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

Read More

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

Read More

Welcoming Petrus Gildenhuys

Petrus in blue photoPetrus Gildenhuys, formerly with ERM and PwC, has joined Prizma's networked and outcome oriented consulting practice as a Senior Sustainability Reporting and Assurance Advisor. Petrus has already been contributing to several of Prizma's recent projects. These include an independent assurance engagement for a GRI-G4 sustainability reporter in the mining sector, and assisting the World Bank with a sustainability reporting review panel.    http://wp.me/p27qSt-EW

Read More

SAMSUNG CAMERA PICTURES

Postcard from Portugal

Recently, I had a chance to join my colleague Petrus Gildenhuys as part of an AA1000 assurance assignment and visit Portugal. It was a beautiful drive to site: the undulating landscape was interrupted by idyllic villages, and we lost count of the number of storks we noticed along the way. The World Cup was dominating small talk, although it was starting to compete with news about the troubled Portuguese bank Banco Espirito Santo.    http://wp.me/p27qSt-EQ

Read More

Gold Reserve ICSID Arbitration Update

On July 23, 2014, Gold Reserve Inc. announced that the arbitral tribunal in the International Centre for Settlement of Investment Disputes (ICSID) case has declared the proceedings closed. Gold Reserve claims damages of approximately $2.1 billion, including interest.

As part of this case, Mehrdad Nazari, Prizma’s Senior ESIA and Sustainability Advisor, was engaged by White & Case LLP to serve as an expert witness on ESIA aspects related to the IFC Performance Standards and Equator Principles.

You can access Gold Reserve recent media release here: Gold Reserve Announces Proceedings in ICSID Arbitration Case with Venezuela Closed by Tribunal. You can read about Prizma's other projects here.

22 Sep 2014 update: Gold Reserve Awarded $740.3 Million by ICSID for the Expropriation of the Brisas Project by Venezuela

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

Lucara Diamond Publishes 2013 Sustainability Report

Lucara Diamond Published 2013 Sustainability Report.pngRecently, Lucara Diamond Corp, a new diamond producer, published its second sustainability report. It highlights the sustainability performance of Lucara’s flagship and producing operation, the Karowe Diamond Mine in Botswana. (Shortlink: http://wp.me/p27qSt-Eq)

Read More