IFC Performance Standards

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Who is Prizma and what do we do?

Having just returned from an interesting trip to Chile, it's time to launch Prizma's - now more mobile friendly - website. It highlights our core environmental, social and sustainability advisory services for projects typically involving financing from Development Financial Institutions, such as the International Finance Corporation (IFC) or the European Bank for Reconstruction and Development (EBRD), Equator Principles Banks and Private Equity Funds. -- Shortlink: http://wp.me/p27qSt-Mf

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Welcoming Peter Easton, Water Risk & Sustainability Advisor

Peter Easton LI imagePrizma’s collaborative network has been strengthened through Peter Easton, who brings 25 years of international water & environment expertise as both consultant and in operations. His background includes Water Resources Manager for Coca-Cola Europe, and Water & Environment Director at consultancy Zenith International.

Shortlink: http://wp.me/p27qSt-LN  Read More

IFC Performance Standards and ESMS Training for InterEnergy Holdings

In early May 2015, Prizma had the opportunity to deliver a tailored 2-day training course to representatives from several of InterEnergy Holdings’ portfolio companies. These ranged from energy generation, transmission and distribution in the Dominican Republic, some of which were co-financed by the Inter-American Development Bank (IDB), to InterEnergy’s Laudato Si wind park in Penonomé, Panama. The Laudato Si wind park is the largest wind development in Central America and was co-financed ($300 million) by the International Finance Corporation (IFC). Prizma supported InterEnergy with environmental and social aspects of the Penonomé wind farm development. - Shortlink: http://wp.me/p27qSt-Lb Read More

Private Equity Funds – MFI-like or MFI-lite?

Financial intermediaries, such as Private Equity Funds, have become some of the largest investment portfolio segments of multilateral financial institutions (MFIs), such as the European Bank for Reconstruction and Development (EBRD) and the International Finance Corporation (IFC). Are we watching a kissed frog turn into a prince - or is there a disconnect between expectation and reality? - Shortlink: http://wp.me/p27qSt-KW

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Prizma selected for E&S Review of Atacama Solar Project

Prizma was recently engaged to conduct a high level environmental and social review of a solar PV project located in the Atacama Desert, Chile. The Project consists of the construction of a phased and large scale solar photovoltaic (PV) power plant to generate electricity and supply it to Chile’s national grid system. The Project is located in the Atacama Desert and involves a total installed capacity of up to 250 MW. -- Shortlink: http://wp.me/p27qSt-KA  Read More

Mining among Top 5 Sectors Publishing GRI Reports

Over 4,300 organizations have already published their sustainability reports covering the 2014 reporting period (and the count continues). The mining sector continues to be among the Top 5 sectors which disclose their sustainability performance using the GRI framework. Who are some of the key promoters and drivers? - Shortlink: http://wp.me/p27qSt-Kj

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Prizma Sponsoring IAIA15 Conference in Florence

As an environmental and sustainability practitioner involved in developments financed by multilateral financial institutions and Equator Banks (see examples below), I value the opportunity to network with and learn from my professional peers. Several of my team members and I are members of the International Association for Impact Assessment, the leading global network on best practice in the use of impact assessment. Also, my former colleagues from the European Bank  will be collecting an IAIA award. So it seems only appropriate for Prizma to be sponsoring IAIA’s 35th Annual Conference themed Impact Assessment in the Digital Era. IAIA15 will be held from 20-23 April 2015 in Florence, Italy, and I look forward to seeing some of you at the event.  You can download the final conference program here.   -  Shortlink: http://wp.me/p27qSt-Ka

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Oil, Gas and Mining Lead ICSID Arbitration Case Load

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

The 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

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.  Congratulations to my former colleagues. - Shortlink: http://wp.me/p27qSt-JC Read More