May 20-21, 2015
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The Guardian Sustainable Business case studies represent those people and projects which are helping businesses do better and be better. This year two new categories have been included: net positive and natural capital, to reflect the evolving nature of corporate sustainability action.
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Water, Mining and Communities: Creating Shared Value through Sustainable Water Management ( Creating Shared Value through Sustainable Water Management )
A Strategic Approach to Early Stakeholder Engagement ( A Good Practice Handbook for Junior Companies in the Extractive Industries )
Helping smaller companies is an important component of IFC’s Oil, Gas and Mining Industry Strategy. This handbook specifically addresses the context and challenges of Early Strategic Stakeholder Engagement (ESSE) faced by junior companies at the exploration and preliminary project development stages. Juniors generally have limited resources, especially in terms of available funds and staff, and inputs need to be comprehensive, strategic and tailored to each stage. The handbook takes the reader step-by-step through the process of building trust relationships and gaining and maintaining a social license to operate at each project life-cycle stage. It also provides an overview of good practice approaches and tools such as addressing human rights and gender issues; participatory rural appraisal techniques; developing a stakeholder map and analysis; communications and sustainability; risk and opportunity screening and prioritization; artisanal and small-scale mining; strategic community engagement; the Financial Valuation Tool; grievance mechanisms; tips and tactics on conflict resolution; and measuring, evaluating and communicating for strategic advantage.
This User Guide is intended to provide a brief but comprehensive overview of the IFC’s Financial Valuation (FV) Tool. The FV Tool facilitates a rigorous process that brings together a cross functional team to assess how these investments yield a reduction in costly risk events in other business areas, such as land access and community health and safety. The Tool and implementation process provide a common platform and language (financial value) for many business units, such as finance, risk, sustainability, procurement and human resources, to assess the returns from investing in sustainability.
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The toolkit responds to a clear need in different parts of the world for a more systematic and objective way to quantify and agree ways to enhance mining’s economic and social contribution. It is currently being applied in a number of countries and can be used by mine managers and those interested in promoting economic and social development (host governments, development agencies and development-focused NGOs).
This report was written by Faris Natour, Director, Human Rights, and Jessica Davis Pluess, Manager, Research, with contributions from many BSR colleagues and advisors. It captures key lessons learned from BSR’s work conducting human rights impact assessments (HRIAs) and outlines our approach to corporate-, country-, site-, and product-level HRIAs using eight guidelines. The report outlines a framework that should be carefully tailored to a company’s unique risk profile and operating context; it is not intended as an off-the-shelf HRIA tool or checklist.