|Recent Blog Posts|
Thu, 16 May 2013 16:44:31 +0000Third Gen Equator Principles (EPIII) Published
Equator Banks have approved a major update to the Equator Principles, referred to as EPIII. It has extended its scope to project-related corporate loans and bridge loans. Shortlink: http://wp.me/p27qSt-xl The goal of this updated EP framework is to provide greater consistency in implementation, enhance transparency. This includes extended reporting by Equator Banks. According to guidance [...]
Mon, 13 May 2013 20:30:10 +0000Equator Principles – Creating New Regulators or the Extra Mile?
A recent note on the LinkedIn site of the International Council on Mining and Metals (ICMM) suggests that Equator Principles Financial Institutions (better known as Equator Banks) are emerging as the new 'regulators'. Is this real or desirable? Shortlink: http://wp.me/p27qSt-wZ The third generation of the Equator Principles (EP3) was recently launched (see here). Not sure [...]
Thu, 04 Apr 2013 14:23:10 +0000Lucara Diamond publishes Inaugural Sustainability Report
While traveling on an Independent Engineer/Equator Principles assignment, I was pleased to note that Lucara Diamond Corp, a new diamond producer, web-published its inaugural 2012 Sustainability Report. Lucara’s producing asset is the Karowe diamond mine in Botswana. As noted previously, Prizma had been retained to assist Lucara to generate its inaugural 2012 Sustainability Report. - Shortlink: [...]
Thu, 07 Mar 2013 15:19:05 +0000Supporting Centerra Gold with CR Reporting
Prizma has been retained to support Centerra Gold, a Canadian-based gold mining and exploration company, with its Corporate Responsibility reporting efforts. These are aligned with the sustainability reporting framework of the Global Reporting Initiative (GRI). As part of the assignment, Prizma will be visiting Centerra’s operations in Mongolia (Boroo mine, the Gatsuurt project). Prizma has [...]
Sun, 03 Mar 2013 14:53:17 +0000Prizma supporting Independent Engineer on Mining Project
Prizma is pleased to be invited by Roscoe Postle Associates (RPA) to support its assignment as Independent Engineer of a mining project. This includes providing an opinion about the project’s alignment with the Equator Principle. To learn more about Prizma, please access its latest newsletter here (PDF, 501 KB). Articles highlight recent assignments: Biodiversity Management [...]
Prizma makes projects and organizations more bankable, credible and sustainable.
Our clients benefit from our international experience providing the support needed to secure project finance and political risk insurance from Multilateral Financial Institutions (such as IFC, EBRD), Export Credit Agencies (such as Export Development Canada) and 'Equator Banks'.
We develop and trouble-shoot bankable environmental and social impact assessments in line with the IFC Performance Standards & Equator Principles (including SIA, CDP, RAP, PCDP, SEP, BDO, ESMP, ESAP) that meet the requirements of institutional investors (sustainable and wholesale finance) and facilitate M&A. We assist with corporate responsibility (CSR) & sustainability strategy development and produce sustainability reports using the GRI framework. We conduct assurance readiness assessments (gap analysis) and are licensed Assurance Providers (AA1000).
Selected references relating to ESIA/IFC Performance Standards and Sustainability Reporting are provied below. Please contact us for further information and client references or visit Mr. Mehrdad Nazari's LinkedIn profile here and browse through his 20+ endorsements.
“I have worked with Mehrdad on a variety of issues including development of a biodiversity management strategy for Centerra Gold's Kumtor mining operation in Central Asia. He also completed an Independent Assessment of the operation covering transparency, water quality, biodiversity, glaciers, water consumption, geotechnical and mine closure issues. He was very professional in his approach, thorough, articulate and extremely well prepared, researched and connected. Overall, Mehrdad is a very impressive operator, a great asset to the company and I highly recommended him.” Ben Ferris, Director, Environment, Kumtor Operating Compan, Centerra Gold Inc.
“Reporting on our corporate social responsibility is something we, as an organization, hadn't done in five years. [Mehrdad, Prizma's Director] helped guide us through the process and forced us to think about our processes and efforts differently. With his commitment and leadership we produced a report that was concise, honest, organized, and utilized GRI reporting standards. His knowledge of the CSR space overall was quite the asset in developing our report. I would definitely recommend Mehrdad for any CSR report, as his knowledge is vast and experiences varied.” Steven Michalovich, Senior Communication Specialist at The Scotts Miracle-Gro Company
“I am extremely pleased having had Mehrdad [Prizma's Director] as our consultant and guide throughout the development phase of our world class mining project. Mehrdad played a key role in fine tuning Brisas’ environmental and social work towards meeting the Equator Principles which was effectively achieved. Our team loved working closely with Mehrdad and I would highly recommend him to any company interested in doing things right.” Arturo Rivero, President, Gold Reserve, Venezuela“I had a chance to attend the Global Reporting Initiative training taught by Mehrdad. What a fantastic job! Mehrdad is a skilled and personable instructor who understands the ins and outs of CSR reporting. One of the strengths of the course was the focus on case studies followed by instructor’s commentary on best practices. I highly recommend Mehrdad as a well-regarded sustainability consultant and someone who is truly passionate about environmental and social performance of companies.” Dimitri Shanin, now Senior Manager, Corporate CSR & Sustainability at Raytheon, previoulsy Principal, Energy and Sustainability Programs at PPC
“I took Mehrdad's short course on the Equator Principles and International Finance standards for the resource sector in 2009. The course was well delivered, relevant and provided an excellent overview of the topic with case studies to encourage discussion amongst the course participants.”Jennifer Hooper, President - Sustainability, Vale