BSR Insight | New Guide to Effective Local Content Programs
About the Author(s)
Elissa Goldenberg, Associate, Advisory Services
Publication Date
December 6, 2011
Share
IPIECA—a global oil and gas industry association focused on social and environmental issues—released a guide to help companies design and execute local content strategies in the countries where they operate. Local content is defined by the value that companies bring to host countries by employing and training the local workforce and developing and procuring supplies and services locally.
This guide helps companies:
- Understand the business benefits and key drivers of successful strategies, including the importance of understanding the local context, regulatory requirements, and business and stakeholder expectations.
- Build skills among local workers: Effectively employing local staff requires transparent employment policies, training and skills development, and educational institutions. Companies should also create policies on local procurement and modify current direct and indirect procurement strategies.
- Sustain local content programs: Long-term success requires effective internal organization and alignment; engagement with national and local governments, other companies, communities, local NGOs, and other stakeholders; progress measurement; and support for improved local infrastructure.
About the Author(s)
Elissa Goldenberg, Associate, Advisory Services
With four years of sustainability communications expertise, Elissa works with BSR member companies in a range of sectors—including those in information and communications technology; food, beverage, and agriculture; energy; and consumer products—on various sustainability issues including reporting, stakeholder engagement, and human rights... Read more →
Share Your Thoughts
Please note, all comments are subject to moderation.