PRIZMA

Bankable. Credible. Sustainable.

Flower

Archive for the ‘Equator Principles’ Category

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

(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

(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

(more…)

Postcard from Portugal

Planning retirement in PortugalRecently, 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

(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)

(more…)

Postcard from Burkina Faso by Bill Kennedy

Roxgold Vocational TrainingIn the early 1990s, on a trip to Moscow for the European Bank, I was given a personal tour of the Kremlin’s gold chamber where the most precious gold crowns, scepters and church utensils were manufactured for the Czar’s courts.   “Unbelievable” I exclaimed to my guide, “I had no idea you had created such treasures.” “Really?” he replied, “Why are you surprised? Russia is not Burkina Faso!”   http://wp.me/p27qSt-Ec (more…)

Assisting InterEnergy with ESMS Development

InterEnegery 3Prizma was recently engaged by InterEnergy Holdings to support its development of a corporate-level Environmental and Social Management System (ESMS) aligned with the IFC Performance Standards. Shortlink: http://wp.me/p27qSt-DV

(more…)

Supporting Large Wind Farm in Panama

Penenome Wind Farm PanamaPrizma has been engaged by Unión Eolica Panameña II (UEPII), a Special Purpose Company controlled by InterEnergy Holdings, to support a 215 MW wind project in Penonomé, Panama with a total projected investment of US$ 427 million.   Shortlink: http://wp.me/p27qSt-DN (more…)

Equator Principles Looking East?

MizuhoOn 1 May 2014, Mizuho Bank will become the first Asian bank to chair the Equator Principles Association originally adopted by ten US and European financial institutions in June 2003. Will this mobilize more Asian financial intuitions to adopt EPs? - Shortlink: http://wp.me/p27qSt-Di (more…)

You are currently browsing the archives for the Equator Principles category.