The purpose of this Guide is to provide, in a simple and accessible format, basic guidance on risk assessment and risk management in conflict settings that oil and gas companies might face. These include conflicts between companies and local communities which are directly related to the presence and operations of the companies themselves, as well as wider social and political conflicts in which companies are not directly involved but which are very likely to impact on companies operating in such conflict environments.
Community relations management systems in the minerals industry: combining conventional and stakeholder-driven approaches
As part of a broader commitment to corporate social responsibility and sustainable development, major minerals companies are developing and implementing a management systems approach to community relations. While the application of management systems to community relations represents an advance over more traditional approaches to dealing with community issues, limitations of the systems paradigm need to be acknowledged. This paper explores some of these limitations, as well as offering a way forward that involves incorporating elements of the conventional management systems model into a more externally focused, stakeholder-driven and values-based approach.
The aim of this report was to find out what Hong Kong businesses and their stakeholders thought were the most important factors in determining what is socially responsible.
Resource flows from extractive industries can be a lifeline for postconflict countries, helping to fund critical reconstruction needs. But these resources present issues not found elsewhere in the economy and need to be well managed. Sector governance principles that apply to oil-producing countries in general are even more important in postconflict countries. This Note discusses these principles and shows how they apply in two cases, Timor-Leste and Sudan.
Read the Triple-S study that explains how well rws infrastructure continues to function after its construction, and what can be done to improve this performance.
The Human Rights Compliance Assessment is a diagnostic tool designed to promote corporate social responsibility by providing companies with useful information about how to avoid human rights violations in all aspects of their operations.
August 24, 2005
Integrating ESG, they launched their GSEES Index, to measure environmental and social performance, in February 2004. Index leaders have outperformed peers by 12% since then. Their new, expanded ESG Index measures overall management quality, and they incorporate it into a framework for sustainable investing in the energy sector. The ESG leaders also have the highest exposure to new legacy assets, which drive long-run returns and performance.
This paper examines the practical ways in which the oil and gas sector has been grappling with human rights in its day-to-day operations. In many cases a corporate human rights strategy involves gaining a greater awareness of the issue, creating policy, and implementing policy by folding it into practice areas such as employment practices, security management, and impact management, among others. The process, and this paper, commences with an attempt to define human rights, grounded in widely accepted international principles, and examines the connection between human rights and petrochemical corporations. An overview of risks to and opportunities for corporations is then presented.
This Practice Note, jointly developed by IFC and Newmont Ghana Gold Limited (NGGL), focuses on the early stages of the Ahafo Linkages Program (ALP) and aims to capture important early lessons that might otherwise have been lost.