Fast-Track Equator Principle/Performance Standards Review
read morePrizma supports project sponsors, financial institutions, engineers and consultants by benchmarking environmental and social impact assessments, scoping studies, resettlement action plans, public consultation and disclosure plans, community development and corporate social responsibility plans against Equator Principles, IFC's Performance Standards, EBRD's Performance Requirements and good international practice. This fast-track desk-top review results in the identification of 'red flag' issues of concern to Equator Banks, Export Credit Agencies (such as EDC, US EXIM, ECGD, KfW, DEG, JBIC, etc) and multilateral financial instituions (such as IFC, MIGA and EBRD). The report also outlines and prioritizes options to address any material gaps identified. Turn-around time of an executive style review report is within 10 to 15 working days. Related services include capacity building of local teams and consultants, and support during investment applications to and due diligence by financial institutions and Export Credit Agencies. Extractive Industries
read moreWe assist with the development of social and environmental risk management strategies for projects seeking investment and insurance from Multilateral Financial institutions (such as IFC, EBRD), Export Credit Agencies (such as EDC, JBIC, KfW, DEG, Coface, Hermes, ECGD, SACE), and Project Finance Banks which have adopted the Equator Principles. Our expertise covers the scoping, development, appraisal, and transitioning of existing 'local EIAs' to become 'bankable' Social and Environmental Assessments (SEAs). This often requires embedding our experts within the Project external Sponsors' consultants and in-house teams. Transitioning 'local EIAs' into bankable SEAs often requires additional efforts and documentation in the following areas:- Social baseline studies and stakeholder dialogue
- Public Consultation and Disclosure Planning (PCDP)
- Resettlement Action Planning (RAP)
- Community Development Planning (CDP)
- Biodiversity Assessment and Offset Strategies
- Strategic alliances with civil socity and donors
IFC Performance Standards, Equator Principles, EBRD Performance Requirements Training
read moreWe deliver short courses on IFC Performance Standards (PS), Equator Principles (EP) and EBRD Performance Requirements to in-house audiences and open short courses. These courses support those involved in project-finance critical social and environmental impact assessment areas to design, implement, document and communicate their activities in line with good international practice.We also conduct workshops and in0house training to assist project sponsors and their in-house and outsourced teams to design bankable scoping reviews, stakeholder analysis, resettlement action plans (RAP), public consultation and disclosure plans (PCDP), community development plans (CDP), biodiversity offset planning, community health impact assessments, and CSR reporting and assurance (using GRI framework).We welcome an opportunity to discuss how Prizma can support your organisation's effectiveness through training in order to make your projects more bankable, credible and sustainable.Resettlement Planning
read moreSome projects require resettlement of individuals or entire communities. This requires the development, execution and monitoring of a Resettlement Action Plan (RAP). IFC Performance Standards and Equator Principles compliant RAP requirements typically exceed host country regulations and are a frequent source of financing delays and reputational damage. The presence of indigenous people, artisanal miners, opportunistic squatters, poorly defined land titling, and overlapping customary ownership processes further complicate resettlement planning. Prizma can assist with the development, finetuning, implementation and monitoring of 'bankable' RAPs.Biodiversity Offset Strategies
read moreExtractive operations are sometimes located in sensitive and biodiversity rich areas creating 'red flag issues' for potential lenders and investors. Offset solutions can help address both real and perceived biodiversity risks associated with extractive operations. They can also generate visible and cost-effective project upsides which are valued by important local and international stakeholders.
Although still an emerging field in the international extractive sector, the origin of the concept includes 'Wetland Banking' in the US which was developed several decades ago. It allows land developers to offset their expected adverse impacts by contributing to the creation and management of wetlands elsewhere. Leading extractive industry players and projects are already applying biodiversity offset solutions. These are finding increasing acceptance within the conservation NGO community.Prizma has developed an integrated approach to analyze and select appropriate offset options. The approach is designed to maximize biodiversity value creation, facilitate stakeholder acceptance, embed feasible solutions into the local regulatory and political context, and ensure cost-effectiveness. This approach and its outcomes will also provide the necessary comfort to lenders and insurers for projects located in biodiversity hot sports.Public Consultation and Community Development Planning
read moreAs most project developer and investors are aware, effective public consultation, community engagement, and community development are important for the following three reasons. They help project sponsors understand and incorporate local issues of concern into project design and impact assessment studies. They facilitate credibility and establish trust and good will. And they help provide demonstrable and needs-based project benefits to local communities.These elements are subject to critical due diligence tests defined by IFC's Performance Standards and Equator Principles. Prizma can assist in developing and implementing effective public consultation strategies and community development plans in line with sponsors' corporate social responsibility commitments and local needs assessment to produce "bankable" PCDPs (Public Consultation and Discloure Plans) and CDPs (Community Develoment Plans). Environmental and social impact assessmets (ESIA) submitted to Equator Banks, Export Credit Agencies and Multilateral Financial Institutions without containing a PCDP or CDP are typically viewed as materially deficient and lead to financing delays.CSR & Sustainability Strategy, Implementation and Reporting
read moreWe assist organizations with CSR and sustainability strategy development, implementation and reporting. The latter can be harmonized with international reporting benchmarks, including the Global Reporting Initiative (GRI) sustainability reporting framework.Prizma is a registered Organizational Stakeholder of the GRI. We support the mission of the GRI to develop globally accepted sustainability reporting guidelines.
Fast-Track Equator Principle/Performance Standards Review
read moreExtractive Industries
read moreIFC Performance Standards, Equator Principles, EBRD Performance Requirements Training
read moreResettlement Planning
read moreBiodiversity Offset Strategies
read morePublic Consultation and Community Development Planning
read moreCSR & Sustainability Strategy, Implementation and Reporting
read more