Independent Accountability

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Prizma Attending IFC’s Sustainability Exchange 2016

I am excited to be among the 200 global executives and practitioners from companies, NGOs, the public sector, international development agencies and academia who have been invited to attend IFC’s 10th annual flagship Sustainability Exchange 2016 event.

This invitation-only event, which will be hosted at the IFC from 25-26 May 2016 in Washington DC, is designed to generate frank dialogue on sharing value across business and society, and address sustainability challenges and opportunities faced by infrastructure and natural resource actors in emerging markets.

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Time running out to switch from GRI-G3 to GRI-G4

GRI's statics depicted below show a major shift from GRI-G3, the 3rd generation sustainability reporting guidelines, to G4, the latest guidelines which further emphasize reporting on what matters and where it matters.

Shortlink: http://wp.me/p27qSt-O1

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Prizma re-engaged by Lundin Mining for Assurance Services

Prizma LLC was recently re-engaged by Lundin Mining Corp. to provide independent third party assurance of certain key performance indicators contained in its sustainability reporting. This assurance engagement follows the AccountAbility’s AA1000 Assurance Standard. As part of this engagement, Prizma’s team had an opportunity to visit Lundin Mining’s Candelaria and Ojos del Salado operations, as well as the associated desalinization plant, and copper concentrate export port facility in Chile.  - Shortlink: http://wp.me/p27qSt-Nc Read More

Postcard from Atacama Chile

A sustainability reporting assurance engagement provided an opportunity to see the Atacama Desert and stop for a coffee at the beautiful Bahia Inglesia, one of the top 10 beaches in Chile. This trip also provided an opportunity to learn about the changing landscape of Indigenous Peoples in Chile, which seems to be shaping large scale developments ranging from renewables to extractives in the only Latin American OECD Member Country.   - Shortlink: http://wp.me/p27qSt-LY Read More

Completed Assurance Engagement for Lundin Mining

Prizma recently completed an independent third party assurance engagement for Lundin Mining, a mid-tier base metals producer with operating assets in Europe, USA and Chile, relating to the sustainability information in its 2014 sustainability report.  Shortlink: http://wp.me/p27qSt-LC

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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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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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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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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

World Bank adopts XBRL for 2014 Sustainability Review

GRI XBRLThe World Bank continues to lead the pack of multilateral financial institutions in sustainability reporting. Not resting on its laurels, the Bank is now also one of the first adopters of GRI’s XBRL, a tagging system to make reporting machine-readable. Will others follow? http://wp.me/p27qSt-Je Read More