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

The European Bank was founded in 1991 to create a new post-Cold War era in central and eastern Europe, furthering progress towards ‘market-oriented economies and the promotion of private and entrepreneurial initiative’. The EBRD is a multilateral financial institution headquartered in London. The European Bank is owned by 64 countries, the European Union and the European Investment Bank. EBRD's investments (annually about €8 billion) range from Central Europe to Central Asia, the Western Balkans and the southern and eastern Mediterranean.

I had the privilege of serving 10 years at the EBRD before setting up Prizma. As detailed in our recent newsletter, Prizma provides environmental and social consulting services, mainly for projects in emerging markets. Our projects range from gold mining in Central Asia to wind farming in Central America. We have generated numerous GRI-based sustainability reports, assist with assurance engagements, deliver training on IFC Performance Standards and Equator Principles, have  contributed to international arbitration. Visit and subscribe to Prizma’s blog for occasional updates about our activities.

The International Association for Impact Assessment (IAIA) is a leading global network on best practice in the use of impact assessment with over 1,600 members representing more than 120 countries. Directly involved in trouble shooting environmental and social impact assessments (ESIAs) to align them with IFC Performance Standards, Equator Principles and good international industry practice, I am a member of IAIA. I like that it provides opportunities for professional networking and continuous learning to its members.

The EBRD will be receiving the IAIA’s 2015 Corporate Initiative Award for the efforts which went into the development and updating of three new policies, each introducing new provisions contributing to greater transparency and accountability:

All of these policies and mechanisms were adopted by EBRD’s Board of Directors in May 2014 and came into force on 7 November. The EBRD will receive IAIA’s 2015 Corporate Initiative Award during IAIA’s next annual conference Impact Assessment in the Digital Era, which will be held from 20-23 April 2015 in Florence, Italy. This year, Prizma became a co-sponsor of IAIA15 and I will be  attending the annual conference in Florence.

Do you feel the EBRD deserves IAIA’s 2015 Corporate Initiative Award? Will you be attending the next IAIA event?


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