Prizma

Headlines: (i) Prizma Expands Sustainability Reporting Services; (ii) Sustainability Reports for Red Back Mining and Lundin Mining; (iii) Supporting GRI with QA in Japan; and (iv) Contributing to IFC Corporate Responsibility Forum. Please access pdf file here: Prizma News Summer 2010 (215 KB) or request from Mehrdad[at]prizmasolutions.com.

A concern of many first-time reporters seems to be their approach to GRI Application Level Declaration. How many reporters do you think declared A-level, B-Level and C-Level? And what is your guess how many skipped the GRI Application Declaration altogether? Read the rest of this entry »

 The Equator Principles Financial Institutions have recently adopted new Governance Rules to create a  membership structure – Equator Principles Association – and formalize existing procedures and practices. The Rules introduce delisting provisions for members not meeting public reporting requirements. Read the rest of this entry »

IFC launched a second round of public consultation to update the IFC Performance Standards (2006), which provide also the basis for the Equator Principles. In mid June 2010, the first meeting was held in Washington DC. It attracted over 5o participants from Civil Society Organizations (CSOs) and industry.What are the emerging themes? Read the rest of this entry »

While some may still be wondering how long they can get away without reporting, others see this as an opportunity to leverage sunk costs, impress investors and drive performance improvement. All first time reporters will be wondering about one thing: what is the length of that proverbial string? What are cost drivers of inaugural sustainability reporting? Read the rest of this entry »

As noted in an earlier blog, GRI launched its Metals and Mining Sector Supplement during PDAC’s 78^th Annual Conference held in early March in Toronto which attracted 21,600 attendees. So how and why did PDAC manage to steal the show at GRI’s June conference session on the Mining and Metals Sector Supplement? Read the rest of this entry »

Unable to attend the GRI conference in Amsterdam, I watched the many taped snippets of the Mining & Metals Sector Supplement session on YouTube. One take away from a presentation by First Peoples Worldwide suggests that GRI reports are important but also that they are not designed with local communities as target audience in mind. Read the rest of this entry »

 Jointly with GRI, the International Finance Corporation (IFC, part of the World Bank Group) published a bridging document showing how strategies, system and data points developed to meet IFC Performance Standards can be used to generate GRI-type sustainability reports. About time to help capital project developers/sponsors to leverage expensive compliance reporting to create more shareholder value! Read the rest of this entry »

Inaugural sustainability reports, even if they don’t hit all the right notes, empower internal champions and create opportunities for better stakeholder engagement and transparency, and can help drive  performance improvements. But are you not intrigued to find out what catalyzed and motivated Perenco, an independent oil and gas company operating in places like Gabon, DR Congo, Peru and Guatemala, to create its first CSR report? Is it perhaps related to the recent creation of a $2.8bn reserve-based lending involving Equator Banks, which will also assist with completion of a controversial oil pipeline in Peru’s rainforests? Read the rest of this entry »

The Office of the Extractive Sector Corporate Social Responsibility (CSR) Counsellor launched consultations on its new dispute-resolution mechanism. Will this – and the role of the CSR Councellor more generally - make the controversial Bill C-300 obsolete? Read the rest of this entry »