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Making Your Projects More Bankable, Credible & Sustainable.

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Page 1: Making Your Projects More Bankable, Credible & Sustainable. · 2016-10-21 · About Prizma – Prizma is a boutique environmental, social, and sustainability advisory practice. We

Making Your Projects More Bankable, Credible & Sustainable.

Page 2: Making Your Projects More Bankable, Credible & Sustainable. · 2016-10-21 · About Prizma – Prizma is a boutique environmental, social, and sustainability advisory practice. We

About Prizma – Prizma is a boutique environmental, social, and sustainability advisory practice. We generate bankable impact assessments, conduct due diligence reviews, and ensure projects are aligned with sustainable finance requirements, such as the IFC Performance Standards and the Equator Principles.

We also assist our clients by measuring, communicating, and assuring sustainability performance aligned with the Global Reporting Initiative and the AccountAbility Assurance Standards.

As highlighted in the following pages, our clients range from private sector developers to multilateral financial institutions. Our projects range from renewable energy projects in Central America to gold mining in West Africa.

At the core of Prizma’s independent advisory practice are seasoned environmental, social, and sustainability experts. They are based in North America, South America, Europe, and Africa. Their professional backgrounds range from E&S specialists at multilateral financial institutions to branded international consultancies.

We invite you to learn more about Prizma at prizmasolutions.com, and to contact us for further information.

Mehrdad Nazari, MSc, MBA Director, Senior ESIA & Sustainability Advisor

[email protected] Tel: +1-715-355 0141 Cell: +1-715-551 4395

Page 3: Making Your Projects More Bankable, Credible & Sustainable. · 2016-10-21 · About Prizma – Prizma is a boutique environmental, social, and sustainability advisory practice. We

Wind Energy – Prizma provided environmental and social impact assessment advisory services to help align one of the largest wind developments in Central America (265MW) with the IFC Performance Standards and Equator Principles. The developers, Goldwind and InterEnergy, successfully mobilized over $370 million from the Equator Principles Banks, the International Finance Corporation, and other Development Finance Institutions.

Page 4: Making Your Projects More Bankable, Credible & Sustainable. · 2016-10-21 · About Prizma – Prizma is a boutique environmental, social, and sustainability advisory practice. We

Mining Sector – Prizma was engaged by Centerra’s Kumtor Gold Mine in Central Asia to provide a broad range of environmental, social, and sustainability advisory services. Prizma’s deliverables included a biodiversity management strategy, training community relations officers, conducting a wildlife-cyanide risk study, and Kumtor’s maiden sustainability report. Centerra maintains a $150 million revolving corporate debt facility with the European Bank and has also secured project finance from UniCredit and the European Bank for its Öksüt gold mine development in Turkey.

Page 5: Making Your Projects More Bankable, Credible & Sustainable. · 2016-10-21 · About Prizma – Prizma is a boutique environmental, social, and sustainability advisory practice. We

Solar PV – Prizma provided environmental and social advisory services to Sonnedix Group’s large-scale Atacama Solar PV Project in Chile (Phase I: 143MW). Prizma’s output included a series of bankable E&S studies and plans. These were designed to meet the expectations of multilateral financial intuitions. Subsequently, CAF, the development bank of Latin America, approved a $92 million project finance facility, and the Green Climate Fund approved an additional $49 million.

Location: Pica, Atacama Desert, Chile

GENERATIONCAPACITY

143MW (PHASE I)

ANNUAL HOUSEHOLDS190,000

ANNUAL GENERATION

412GWh TOTAL INVESTMENT

US$265MILLION

PERMANENTLOCAL JOBS

20

TRANSMISSION LINE (SING)45.5km

Vers. 1 Jul 2016, 20 year life, P90, 0.98 annual efficiency deterioration, T-line leased, Chile household use 2,160 kWh/year

ANNUAL AVOIDED tCO185,000 CAF

US$50MILLIONOTHER

US$42MILLIONGCF

US$49MILLION

Page 6: Making Your Projects More Bankable, Credible & Sustainable. · 2016-10-21 · About Prizma – Prizma is a boutique environmental, social, and sustainability advisory practice. We

Independent E&S Experts – Prizma has contributed to a variety of assignments requiring an exceptional combination of technical expertise, knowledge of international standards, and professional integrity. Examples include contributions to Independent Engineer and Independent Monitoring Group assignments on behalf of Equator Principles Banks and the IFC on a gold mining project in West Africa; serving as expert panelists to and advising IFC/MIGA’s Office of the Compliance Advisor Ombudsman; and contributing to an international arbitration case resulting in claimant being awarded over $700 million.

Page 7: Making Your Projects More Bankable, Credible & Sustainable. · 2016-10-21 · About Prizma – Prizma is a boutique environmental, social, and sustainability advisory practice. We

Training & Capacity Building – Prizma has been assisting a variety of developers, investors, and others with their training and capacity building needs. Examples include conducting a sustainability reporting workshop for Africa Oil in Kenya; delivering a short course on the IFC Performance Standards and Equator Principles to DNB and export finance and guarantee agencies in Norway; and training Centerra Gold’s community relations officers from Mongolia, the Kyrgyz Republic, and Turkey during a workshop held in Central Asia.

Training on IFC Performance Standards and IEH’s Environmental & Social Management System Santo Domingo, 7-8 May 2015

Report by Mehrdad Nazari, MSc, MBA ESIA & Sustainability Advisor, Prizma LLC 12 May 2015

Page 8: Making Your Projects More Bankable, Credible & Sustainable. · 2016-10-21 · About Prizma – Prizma is a boutique environmental, social, and sustainability advisory practice. We

– 5 –

LU

CARA DIAMOND

OUR MISSION

To build a leading

African-focused

diamond production

and development

company.OUR

VALUES

A healthy and

safe work environment

Entrepreneurial

spirit

Creation of

shareholder

value

Create positive economic

and social impact on

local communities where

we operate

Focus on larger-scale

advanced diamond

projects

Seek value

opportunities

Contribute to the

Lundin Group’s

history of success

and excellence in

wealth creation for

all stakeholders

2013 OPERATIONAL HIGHLIGHTS

96% of Full Time Employees are Kyrgyz Nationals

KU

MTO

R

BORO

O

GOLD PRODUCTIONWORKFORCE

600,402 oz.of Gold Production

90,318 oz.of Gold Production

3,311

417

96%

96%96% of Full Time Employees are Mongolian Nationals

HEALTH & SAFETY

0.20 RIF (Reportable Injury Frequency)

0.34 RIF (Reportable Injury Frequency)+ One fatality recorded.

$944 Million 2013 Consolidated Revenue$14.6 Million Social and Community Investments

$453 Million Spent on Local Vendors and Suppliers0.28 Overall RIF Reportable Injury Frequency over 200,000 Working HoursFull Time Employees (Including Contractors)

Full Time Employees (Including Contractors)

– 29 –

ENVIRONMENTAL PERFORMANCE

Sustainability Reporting & Assurance – Prizma has been accompanying various organizations, such as Lucara Diamond, with their sustainability reporting journeys. Prizma’s tasks have included benchmarking, materiality assessment, site-based data collection and interviews, production of report content, and graphic design. Lucara was the recipient of PDAC’s 2016 Environmental and Social Responsibility Award, and was among Corporate Knights’ 2016 Future 40 Responsible Corporate Leaders in Canada list of mid-sized Canadian companies.