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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

How about Canadian Equator Banks and Transparency?

Having read Olaf Weber’s publication titled, “Equator Principles Reporting: Do Financial Institutions meet their Goals?” as well as Mehrdad’s review and comments on it (Equator Banks get poor Marks on Transparency and Disclosure ), I have been prompted to submit a few observations of my own based on a survey I carried out on Canadian EPFIs last year.

Blog by Bill Kennedy -  shortlink: http://wp.me/p27qSt-He

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MDBs adopting GRI Framework

Cover_GRI4As a former staff of the European Bank currently assisting the World Bank with a stakeholder panel review of its corporate responsibility review, I was impressed to see that many of the major multilateral development banks (MDBs) have adopted the sustainability reporting framework of the Global Reporting Initiative (GRI). The World Bank was one of the first organizations to adopt the latest – fourth generation – guidelines (GRI G4) already last year, and still remains the only one to do so amongst its peers.

Shortlink: http://wp.me/p27qSt-H3 Read More

Equator Banks get poor Marks on Transparency and Disclosure

Equator Principles Reporting Do Financial Institutions meet their GoalsAs a practitioner involved in bankable ESIAs, and supporting developers and financial advisors/institutions for projects ranging from wind farms to mining, I follow the developments around the IFC Performance Standards and the Equator Principles closely. This is why Olaf Weber’s publication “Equator Principles Reporting: Do Financial Institutions meet their Goals?” caught my eye. -- Link: http://wp.me/p27qSt-FG

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Eco Oro – formerly Greystar – Angostura gold under IFC CAO Review

Eco Oro Angostura Project under CAO Review

In April 2011, I posted a blog entitled IFC-owned Greystar/Angostura gold development in trouble and wondered if  IFC’s Ombudsman/Advisory Ombudsman (CAO) office (or others) would be asked to review why and how IFC proceeded with a $12 million equity investment in this project, which became reincarnated as Eco Oro Minerals Corp (TSX: EOM). http://wp.me/p27qSt-B9 Read More

NGO BankTrack zooming in on Equator Banks

BankTrack 2012 Annual ReportBankTrack, a networked NGO, continuous to position itself as a watchdog of the Equator Principles. According to its recently launched 2012 Annual Report, BankTrack is expecting to provide a platform for NGOs to pursue Equator Principles-related complaints.

http://wp.me/p27qSt-yj

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Postcard from the Panama Canal

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As we were watching in awe how large container ships were guided through the Miraflores locks of the Panama Canal, I wondered if the tourists around us were aware of the on-going expansion of the Panama Canal, co-financed by IFC, ADC, IADB, EIB and JBIC, and the emerging $40 billion competition in Nicaragua. (Shortlink: http://wp.me/p27qSt-yd)

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