These are key highlights from the knowledge publication “Unlocking Data Innovation for Social License in Natural Resources” which describes how companies can use new data tools, approaches, and techniques to generate and sustain social license in communities. It presents the concept of a data value chain and provides case study examples of how companies have started using data to engage with communities, develop trust, create new social and economic opportunities, establish new forms of partnerships, and give voice to a wide variety of stakeholders in a smarter way. It offers tools that companies can incorporate into their operations and processes that contribute to the development of social capital. It also examines the data policy issues most relevant to the topic of social capital.
The publication is part of a series of knowledge products by IFC’s From Disclosure to Development program. Two other publications in the series are Data in Action and Transparency for Impact.