| Date: | 16 April 2009 |
| City: | Washington DC |
| Organiser: | IFC CommDev |
| Country: | USA |
| Contact Name: | Veronica Nyhan Jones, Arjun Bhalla |
| Email: | VNyhanjones@ifc.org, abhalla@ifc.org |
BACKGROUND
There is a growing expectation globally that large scale investments by the extractive industries will bring broad-based benefits to local communities through Sustainable Development/Community Relations investments. In line with these efforts, IFC CommDev is previewing the Planning and Financial Valuation Tool for Sustainability Investments. The event took place on April 16th, 2009 in Washington, DC.
The tool will be suitable for extractive industries and is being developed in collaboration with Deloitte and Rio Tinto Alcan. Its main purpose is to provide a methodology to help plan for Sustainable Development/Community Relations investments, as well as estimate the financial value of Sustainability Investments (e.g.: Community Relations programs, community health programs, ecosystem management) as part of extractive project development (Greenfield and Brownfield). The understanding of the industry is that while many players do invest in such initiatives, there is not yet a well defined way of planning for and assessing their impact.
WORKSHOP DOCUMENTS
PRESENTATIONS
Workshop Presentation (CommDev, Deloitte & Rio Tinto Alcan)
Valuing Corporate Social Responsibility and Sustainability (McKinsey & Company)
BACKGROUND DOCUMENTS
Report: Valuing Corporate Social Responsibility (McKinsey & Company)
Report: Community Investment: The Value of Giving (Ethical Corporation)
Report: Risk Management (Australian Government)
Report: The State of Responsible Business in 2008: Implications for PRI signatories (Experts in Responsible Investment Solutions)
Report: Returns on Investment in Responsible Business Practice: Higher in a Downturn? (Overseas Development Institute)
Article: Alcoa wants to prove that responsible exploration is possible "Epoca Negocios"
