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Archive for the ‘IFC Performance Standards’ Category

Updated IFC Performance Standards and Changes to Equator Principles

The revised IFC Performance Standards have been approved by IFC’s board on May 12th. The Secretariat of the Equator Principles published the Strategic Review Consultant Report Summary proposing major changes.  (more...)

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IFC-owned Greystar/Angostura gold development in trouble

Greystar shareholders kicked out management and board as they did not secure permits and broad community support. Revisions of IFC Performance Standards and Equator Principles has a new case study to wrestle with. (more...)

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15 of 18 ICMM Company Members Produced A+ GRI Reports

ICMM's Annual Review notes high rates of A+ level sustainability reporting among company members, adoption of AA1000 stakeholder engagement standard, and identifies emerging issues in metals and mining sector.

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Remaining Obstacles to Revisions of IFC Performance Standards

The third and final phase of IFC’s consultation process for the Sustainability Framework Review and Update ended on March 4. Where do we go from here? (more...)

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GRI: a Tool for Benchmarking, Due Diligence and Positioning?

Despite challenges, GRI-type sustainability reports can support due diligence, benchmarking and positioning studies. (more...)

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Should GRI be Added to IFC Performance Standards and Equator Principles?

Those looking for encouragement for sustainability reporting and/or GRI in the draft revision of the IFC Performance Standards will be disappointed. But the revision process is not over yet. (more...)

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Prizmablog.com’s Top 10 Blogs in 2010

The following list comprises the most popular entries amongst 78 blogs posted in 2010 which resulted in over 13,400 page views: (more...)

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IFC Performance Standards Revisions Entering Final Lap

In its recent CODE Progress Report on IFC Sustainability Framework Review and Update ( December 1, 2010), IFC notes that, with exceptions (such as the Access to Information Policy), majority of proposed changes are clarifications rather than material changes.  (more...)

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NGOs Testing BHP Billiton and Investors’ Metal

As discussions about the failed Bill C300 are subsiding, BHP Billiton's sustainability report is being mocked and NGOs lodged complaints about the company’s Mozal aluminum smelter with the JSE SRI Index and IFC’s independent recourse mechanism. (more...)

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Equator Principles – Only Greenwashing?

As I note that another bank - NIBC - has joined the group of financial institutions which have adopted the Equator Principles, I recalled a friendly request and equally friendly but probing questions prompting this blog entry. (more...)

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