BSR Insight Articles About Stakeholder Relations
Community Engagement With Free, Prior, and Informed Consent
Jasmine Campbell, Former Manager, Advisory Services
Based on a workshop BSR held in June, we have launched a new report that discusses how extractives companies can use free, prior, and informed consent (FPIC) to engage affected communities throughout project development. The report defines FPIC and discusses best practices for stakeholder engagement that can be applied within the company and with external stakeholders: Internally: Read more
Investing in Africa: Chinese Companies and Sustainable Development
Terry Nelidov, Former Manager, Advisory Services
At the Asia Society's "Chinese Investment in Africa" panel in Hong Kong, academics and journalists gathered to discuss the road ahead for Chinese companies looking to do business in Africa. I came away with two main reflections: Read more
New Geographies of Corporate Sustainability
Guy Morgan, Director, Advisory Services
In India, family-owned enterprises like the TATA group occupy a place in citizen's hearts and minds that is not easily shifted. They are viewed as the "go to" institutions to build schools and other social institutions, and fulfilling these social needs guarantees these companies' license to operate. Read more
Making Sustainability Reports Relevant to Diverse Audiences
Julia Robinson, Communications Associate
With sustainability reporting becoming mainstream, it is crucial that reports continue to evolve to meet the needs of diverse audiences. In a new publication from the UN Environment Program, Deloitte Southern Africa, and the University of Stellenbosch on the future of corporate reporting, released in advance of Rio+20, BSR President and CEO Aron Cramer examines how to engage with multiple audiences. Cramer suggests that companies should narrow reporting strategies to focus on three audiences, recognizing that they have different priorities: Read more
Free, Prior, and Informed Consent: New IFC Standards Raise the Bar on Stakeholder Engagement
Jasmine Campbell, EMEA Manager, BSR Advisory Services
Following a 2008 UN declaration regarding free, prior, and informed consent (FPIC) of indigenous peoples before states or companies operate in their areas, the International Finance Corporation (IFC) introduced new consultation standards and an accompanying guidance note in 2012 that increase requirements for community consultation for private-sector, IFC-funded projects. The mere recognition of FPIC by the IFC raises the bar on stakeholder engagement. The IFC’s requirements make project assessment and consultation processes, including mitigation and compensation measures, more stringent and inclusive of indigenous peoples. As a result, the extractives industry has had to adopt a more rigorous approach to consulting and engaging with local communities, particularly where there are national laws requiring full community consent before granting permits for new projects, such as in the Philippines. BSR will host a full-day workshop on FPIC, led by our energy and extractives experts and other private sector and NGO stakeholders, at the British Museum in London on June 19, 2012. For more information, please visit the event page. Read more
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