Generating social and economic value for our stakeholders is a key element of the organisation’s strategy.
In our projects, key stakeholders usually include:
• the host governments that grant our licences and regulate our activities;
• the local communities that may gain benefits or be impacted; and
• the local workforce, including personnel and contractors we may work with.
In accordance with our Corporate Responsibility Management System (CRMS), we evaluate the potential social risks and impacts of all major activities. The scope and nature of that Social Impact Assessment (SIA) depends on local context and regulations. A SIA may be performed as part of an Environmental and Social Impact Assessment (ESIA).
We use the United Nations Sustainable Development Goals as an additional framework to manage social and environmental risks and inform the development of Impact Benefit Plans.
Targeted social investment forms part of our strategy to deliver value for all stakeholders and make a positive social impact wherever we work. As part of this, we have developed social investment guidance.
Strengthening local communities
Our activities can impact local communities to a greater or lesser extent depending upon the location of our activities.
In such instances, we share our plans with local community representatives, invite feedback on the issues that affect them and engage on ways to minimise disruption. This enables us to minimise risk, maximise shared benefits and foster long-lasting relationships.