IFC Sustainability Exchange 2015

IFC Sustainability Exchange 2015

Low prices for oil, iron ore, copper and other commodities have set back investment projects that many extractive companies, developing country governments and local communities have been counting on. But a market downturn only reinforces the need for cooperation and collaboration to meet our shared goals, participants at IFC’s ninth annual Sustainability Exchange affirmed this May.

At the packed-house event, held at IFC headquarters, senior executives from leading mining and energy companies shared table space with government and civil society representatives with the aim of finding ways to ensure that mining, oil and gas projects with huge development potential can move forward in a way that benefits affected communities and buoys emerging markets.

“Since the first Sustainability Exchange nearly a decade ago, many natural resource companies have significantly improved their capacity to manage social and environmental risks. At a time when market conditions have created added uncertainty about many projects, it’s more important than ever to be on the right track when it comes to license to operate,” said Bernie Sheahan, Director and Global Head, IFC Infrastructure and Natural Resources.

The event’s theme this year was Navigating Market Cycles: Shifting Gears, Strengthening Fundamentals, Sharing Benefits. Among the attendees were Rio Tinto Diamonds and Minerals CEO Alan Davies, China Gas Holdings Chairman and Co-President Ming-hui Liu, AngloAmerican Brazil CEO Paulo Castellari, Aureus Mining President and CEO David Reading, Roxgold CEO John Dorward and CMH Mozambique CEO Estavao Pale.

Many participants expressed appreciation for the annual event which allows them to be part of an open and constructive dialogue on challenging issues.

Sujoy Bose, Director and Global Head, IFC Infrastructure and Natural Resources, described the Exchange as a unique opportunity to share best practices in areas that have become fundamental to the extractives business– including community investment, local sourcing, water stewardship and stakeholder engagement and communications.

“The caliber of clients and industry leaders represented here is impressive and the ability to join this conversation is a great value-add for our clients,” he said.

Civil society leaders from across the globe spoke via video at the Sustainability Exchange about benefits sharing between oil, gas, mining, and infrastructure projects and the communities where they work.

Thank you to all the individuals and organizations who submitted videos.

The selected videos were:

  • Felicia Amadioha, Community Leader, Cleen Foundation, Nigeria
  • Maria Rita, Villela, Institute for Religious Studies, Brazil
  • Marcellinus Abriazm, Community Leader, Cleen Foundation, Nigeria
  • Gangaysakh, Community Leader, Ulaanbaatar, Mongolia
  • Humberto Correa, National University of Piura, Peru
  • Hafsat Ajia-Egbeyemi, BudgIt Nigeria, Nigeria
IFC Sustainability Exchange 2015