To apply for a Peace Stamp is simple and straight-forward and involves the following key steps:
- Nominate a project.
- Make sure you have the necessary expertise to provide the requested inputs. If not appoint an Advisor (Finance for Peace can provide introductions).
- Write a Peace-Aligned Risk-Reduction Plan for your Project (‘Peace Plan’), with the key parts being a) an analysis of the context, b) discussions with stakeholders, and c) the PEMs incorporated in the project. This Peace Plan will also include the appointment of a Peacebuilder, with expertise regarding the PEMs (Finance for Peace can provide introductions). The Peacebuilder is most likely going to be a separate entity, but it can also be part of the organisation owning the project or the Advisor.
- Agree the Peace Plan with the Peacebuilder and potential external Advisor.
- Appoint an independent Verifier, as approved by Finance for Peace, receive a verification that the application addresses all the relevant parts of the Standards, and then apply for a Peace Stamp.
The Peace Standards have been designed to cover the entire lifespan of a project, from the planning and asset raising phase to what is needed to keep the Peace Stamp, including reporting and monitoring. This means that the Peace Stamp can be awarded based on the proposed Peace Plan, to promote the peace aligned status of the project to prospective investors.