BSR Insight | Building Effective Local Content Strategies
BSR's new report highlights some of the challenges and opportunities extractives companies face in building local content programs that drive commercial value and deliver sustainable local development benefits in countries where they operate.
Local content—which typically refers to local employment and procurement—is an increasingly important part of companies’ business strategies in light of the growing number of governments establishing stringent policies on local hiring, local capacity-building, and preferential pricing to local firms.
This report provides 10 recommendations on how to build effective local content strategies. The top recommendations include:
- Make local content a core part of business planning and strategy.
- Consider local content within overall fiscal/commercial negotiating terms.
- Align community investment with local content goals.
- Take a life-cycle approach to enhancing employment opportunities.
- Invest in internal capacity-building at corporate and site levels to support the implementation of local content programs.
For more information, contact Michael Hackenbruch.
About the Author(s)
Jessica Davis Pluess, Manager, Research
With strong knowledge of sustainability issues and rich experience in cross-sector collaboration, Jessica works with companies and BSR partners to explore meta-trends and key issues shaping sustainable development in the coming decades... Read more →
Topics
Community Engagement & Development, Economic Development, Economic, Social & Cultural Rights, Energy, Human Rights, Mining, Stakeholder Relations, Strategy & Integration, Supply Chain
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