Falcon Invoice Discounting: Unlock Your Business Potential
Sustainable Extractives Brochure April 2016
1. Book now at http://innovation-forum.co.uk/sustainable-extractives-forum or call +44 (0) 20 3780 7432
http://innovation-forum.co.uk/sustainable-extractives-forum
Hearfromthese leadingexperts:
Sustainable
extractivesforum
Howtomanageriskand
navigateuncertainty
27th-28thApril2016 | Hostedby:HerbertSmithFreehills,London
Withfocuseddebatesandpracticalworkingsessionson:
Doingmorewithless:how to be more strategic in terms
of sustainability and CSR activities and yield greater impact
from actions?
Localcontent:what does best practice look like
and advice on how to reach sustainable local content
agreements?
Thepost-2015developmentagenda:how can extractive
companies play a role, individually and collaboratively,
in the achievement of the SDGs?
Achievinggoodresourcegovernance:lessons learned
from successes and failures in efforts to drive greater
transparency
Localcommunityengagement:what role can business
play in ensuring community welfare in the long-term?
GrowingexpectationsfromBigFinance:the role of
investors in driving environmental and social sustainability
performance among extractive companies
Cynthia Carrol
Chairman
VedantaResourcesHoldingsLtd
Eddie Rich
Deputy Head
ExtractiveIndustries
TransparencyInitiative
Christian Spano
Global Lead for Socio-Economic
Development
AngloAmerican
Janina Gawler
Global Practice Leader, Communities
and Social Performance
RioTinto
Brian Sullivan
Executive Director
IPIECA
Julie Vallat
Head of Ethics and Human Rights Unit
TotalS.A.
John Clarke
CEO
BanroCorporation
Veronica Nyhan Jones
Head of Advisory Services, Infrastructure
and Natural Resources Department
IFC
Stephane Brabant
Partner
HerbertSmithFreehills
Nicky Black
Head of Social Performance
DeBeers
Three things you will get from this conference
Aplatformforfocusedmulti-stakeholderdialogue confronting
the complex reality of the risks extractive companies face, and how
these are best managed
Practicalrecommendationson how to improve current sustainable
business practices around core areas such as human rights,
community engagement and local content
Auniqueopportunityforcrosssectorinsightconcerning the
implementation of policies such as FPIC
1
2
3
2. The extractive sector is particularly exposed to social and
environmental risk given the geography and impact of its
operations. In the past, failure to manage these risks properly
has damaged the sector’s reputation. Extractive companies
have come a long way, not least a move from purely managing
risk towards recognising the need to create lasting value for
themselves and the communities in which they operate.
Low commodity prices have thrown up a number of challenges
for the extractive industry. As budgets come under increasing
pressure, the risks that extractive companies face, and
moreover expectations for responsible business practice,
continue to grow.
Management of non-technical risk must remain high on the
agenda of extractive companies. In as far as the current price
environment represents a challenge, it could also be seen
as an opportunity. The industry can focus on driving greater
efficiency and more innovative practice in terms of business
performance.
Promotingnationalandlocalleveldevelopment
Perhaps because of the oversimplified, but widely accepted,
resource extraction equals development equation, a great
deal of expectation falls at the feet of mining, oil and gas
Managerisk,navigateuncertainty,
improveyourbusiness
The social, environmental and financial challenges facing the extractive
sector are significant. But they provide opportunities for companies to create
more strategic value, and can minimise corporate risk
3. companies. Failure to deliver on this can compromise
a company’s social licence to operate and generate
discontent.
From a business perspective, this can be costly. A well-known
study by Queensland University and the Harvard Kennedy
School estimated that average cost to a mining company
caused by a cessation of activity due to community unrest
was $20m a week.
Contribution to socio-economic development on a national
and local level is therefore important both as a means to
minimise the social risk to which operations are exposed, and
as part of responsible business practice. At a time when the
financial resources available to companies are constrained,
greater coordination and more strategic consideration of what
constitutes the creation of shared value is required.
The role of extractive companies has been emphasised
under the post-2015 development agenda. Specifically,
their role in the achievement of the sustainable development
goals (SDGs) has received focus from the international
development community, via such reports as the forthcoming
'Mapping Mining to the Sustainable Development Goals:
An Atlas', by the World Economic Forum, the United Nations
Development Programme, United Nations Sustainable
Development Solutions Network, and the Colombia Centre
on Sustainable Investment. It’s not yet clear which companies
will emerge as first movers in their response to the SDGs,
both in terms of a formal endorsement of the goals and
incorporating relevant metrics into their reporting.
Bettercommunityengagement
The concept of free, prior and informed consent (FPIC)
for indigenous communities is a right under international
law. Companies that disregard the rights of vulnerable
communities and indigenous peoples risk being targeted by
activists and NGOs.
Amnesty International says that in Colombia indigenous
rights are being neglected due to a prioritisation of economic
interests on the part of the government and private companies.
There has been some industry-wide progress though.
Oxfam’s 2015 Community Consent Index records an almost
threefold increase in the number of extractive companies to
have an FPIC policy since 2012.
Proper community engagement at every stage of resource
extraction can mediate risk and protect against operational
uncertainty. From the outset, community consultation is
important both as a means to gain consent and manage
expectations. At a time where the future viability of projects
is uncertain, civil society experts argue that companies
must do more to engage with communities and help
develop local skills and knowledge sustainably so that
a community’s economy remains viable even after
extractive companies exit.
Achievinggreaterresourcegovernance
Better public-private collaboration is also a focus area under
the post-2015 development agenda. This stands to improve
resource governance via increased transparency.
The Extractive Industry Transparency Initiative is testament
to what can be achieved through multi-sector collaboration.
Corporate ownership details though, are a growing area of
controversy. According to Global Witness, this issue brings
the EITI’s credibility into question. It remains to be seen how
EITI will respond to this challenge for a substantial increase in
transparency to remain a leader in this space.
All of these issues, challenges and opportunities will be
explored during the forthcoming Innovation Forum conference
– the Sustainable extractives forum: how to manage risk and
navigate uncertainty – taking place in London on 27th-28th
April 2016.
Wehopeyoucanjoinusfortwodaysoffocuseddebateon
solutionsandstrategy.
Agreatdealofexpectationfallsatthefeetofmining,
oilandgascompanies.Failuretodeliveronthiscan
compromiseacompany'ssociallicencetooperate
4. • Focused debate
• Senior participants
• Candid dialogue
Dayone–27thApril2015
Welcome and opening remarks
Tobias Webb, founder, Innovation Forum
Introductory Keynote: CynthiaCarrol, chairman,
Vedanta Resources Holdings Ltd
Adapting to change: how to do better with less.
Tips and insight from leading companies
Copper, aluminium and nickel prices are all down 25% compared
to late 2014, whilst oil remains at around $50 a barrel. Such
challenging commodity prices have translated into tighter
margins. For extractive companies, this means efficiency is vital.
So, in this opening session, we’ll ask senior decision-makers for
their advice on:
• how companies can utilise scarcer resources for more effective
delivery in the field; and
• proving the business case internally for a continued focus on
non-technical social risk areas.
We’ll also be asking our speakers to discuss how the current
price environment can be used to create and drive innovation and
improve performance. In a PowerPoint-free session, each of our
speakers will make some brief remarks, followed by discussion,
debate and an interactive Q&A.
John Clarke, chief executive officer, Banro Corporation
Janina Gawler, global practice leader, communities and social
performance, Rio Tinto
Sandy Stash, group vice president, safety, sustainability and external
affairs, Tullow Oil
Federico Restrepo Solano, vice president of corporate affairs and
sustainability, Pacific Exploration & Production
Are governments becoming more demanding?
Reaching sustainable agreements around local
content
In recent years there has been an increase in local content
regulation. There is, though, growing understanding that simply
requiring companies to employ local people and use local
suppliers is a small part of a much more complex issue. Local
content is about creating a viable local economy not wholly
dependent on resource extraction.
Current low commodity prices represent an opportunity for the
re-assessment of local content policies – and provide momentum
to make them more effective for local communities, national
governments and companies alike.
Here we will explore what a successful local content strategy
looks like. In particular, we will debate ways to develop the skills
and knowledge of local communities in a sustainable manner so
that they endure even in the absence of extractives.
This session will also offer guidance on entering into dialogue with
governments and give practical advice on how to:
• form agreements which are good for business, but which
demonstrate a commitment to developing a local workforce;
• balance the increasing need for a globally mobile and highly
skilled workforce with local labour and capacity building.
Charlotte Wolff, vice president, sustainability, Statoil
Alex Budden, vice president, external relations, AfricaOil
Kristina Svensson, senior mining specialist, WorldBank
How companies can do more to create value in
emerging markets and minimise non-technical
risk
Resource extraction’s development impact is often cited, but not
necessarily well understood. Among communities, if this potential
is not realised, it can challenge the legitimacy of an extractive
company’s social licence. This exacerbates risks to business
and heightens the need to demonstrate the positive effects of
responsible extraction on local communities and economies.
Depressed commodity prices mean there is less to go round for
multinationals, national governments and local stakeholders
alike. At the same time, however, the role of the extractive
sector has been elevated as part of the post-2015 sustainable
development agenda.
This plenary session will explore how companies can be proactive
in shaping this agenda, not merely reacting to it. We will hear
from those at the forefront of these discussions on how extractive
companies can become leading partners in the achievement of
the sustainable development goals – and additionally how this can
minimise risk to business.
Beyond debating how companies can increase the positive effect
they have, we’ll also discuss ways to communicate this more
effectively to key stakeholders.
Gillian Davidson, head of mining and metals industries,
WorldEconomicForum
Christian Spano, global lead of socio-economic development,
AngloAmerican
Barnaby Briggs, former head of social performance and strategic
relations at Shell International
5. Breakout groups and case studies
The opportunity for focused debate and practical workshop sessions facilitated by experts. Sessions include:
Breakout option 1
Cross sector lessons in
responding to a crisis
Palm oil business Golden Veroleum has
invested billions into one of the poorest
regions of Liberia. In the last five years
the firm has been targeted by NGOs and
has seen unrest across its operations.
The Ebola crisis also became a major
challenge. In this session we’ll ask the
company’s executive director, David
Rothschild, to talk about some of the key
lessons he has learned in community and
NGO engagement and discuss some of the
relevant lessons for extractive companies.
David Rothschild, executive director,
GoldenVeroleum
Breakout option 2
Local content: Kenmare Case
Study
Here we deep-dive into the activities
of Kenmare, a titanium mineral mining
company in Mozambique. Through the
Kenmare Moma Development Association,
set up in 2009, Kenmare has worked
hard to promote the socio-economic
development of the region in which the
company operates and given real focus to
local content.
We’ll ask Ben Baxter, COO of Kenmare, to
share key lessons-learned in this field.
Ben Baxter, chief operating officer, Kenmare
Breakout option 3
FPIC working session:
confronting nuances in what
free, prior, informed and
consent actually mean, to
improve policy
The principles of free, prior and informed
consent can be a minefield for companies
to navigate. The devil is always in the detail
and in this breakout we’ll discuss in depth
how companies can better get this right, as
well as some of the key mistakes to avoid.
Janina Gawler, global practice leader,
communities and social performance,
RioTinto
Wayne Dunn, president,
CSRTrainingInstitute
Breakout groups and case studies
Breakout option 1
Working session on managing
and responding to community
conflict
The mining, oil and gas sector is
vulnerable to the effects of community
conflict. Moreover the stakes are
high, with revenue loss amounting to
millions of pounds per week. Successful
management of communities in volatile
environments is highly important. Both
Anne-Marie Fleury, director of standards
and impacts with the Responsible
Jewellery Council, and Mark Eadie in his
roles with Shell, JP Morgan and Vedanta
Resources, have spent decades between
them examining this issue. We’ll ask
them to offer practical insights from
their experience in an off-the-record
environment.
Mark Eadie,consultant
Anne-Marie Fleury, standards and impacts
director, ResponsibleJewelleryCouncil
Breakout option 2
How to better measure return
on social investment: shifting
emphasis from inputs to
outcomes and outputs
With purse strings tightening,
understanding what works and what
doesn’t when it comes to corporate
responsibility programmes is even more
pressing.
Understanding ways to value the return
on sustainability investments is therefore
a core business need – and one which this
sessions will seek to confront.
Veronica Nyhan Jones, head of advisory
services, infrastructure and natural resources
department, IFC
Breakout option 3
FPIC: overcoming challenges
of practical implementation.
Insight from the agribusiness
sector
It’s not just extractive firms that struggle
with FPIC, and need to implement it
correctly. Agricultural companies are on
the front lines of getting FPIC right – and
wrong. In this session we’ll hear some
success stories from the agri-business
sector, and lessons that can be applied by
extractives companies to improve their
performance in this challenging area.
Penny Fowler, head, private sector team,
OxfamUK
Kate Mathias, development consultant,
Illovo
Dayone–27thApril2015
6. Protecting communities from the downturn
When the commercial viability of a project changes, an asset may
be mothballed or operations may cease altogether. NGOs are quick
to assert that, in these situations, it is typically local communities
who fare worst. There is an increasing concern that companies are
not doing enough to prepare communities for their departure.
This session draws upon the expertise of corporate professionals
and their historic experience of downturns, as well as lessons
learned from the expiry of the super cycle more recently.
• Better understand how a cessation of activities can impact
a community – and the merits of collaborative action in
safeguarding against this.
• Hear what role business can play – individually and collectively
– to protect the welfare of the communities in which they
operate and promote greater resilience.
• Receive best practice case studies for stakeholder engagement
that, when properly done, mitigates the need for significant
protective action during a downturn.
In addition, for situations where pre-emptive action no longer
applies, learn effective ways to manage communities – including
ways to maintain trust and work with a local labour force.
Nicky Black, head of social performance, DeBeers
Brian Sullivan, executive director, IPIECA
Dayone–27thApril2015
• Cynthia Carrol
Chairman
VedantaResources
HoldingsLtd.
• Sandy Stash
Group Vice President, Safety,
Sustainability and External
Affairs
TullowOil
• Charlotte Wolff
Vice President, Sustainability
Statoil
• Alex Budden
Vice President,
External Relations
AfricaOil
• Federico Restrepo Solano
Vice President of Corporate
Affairs and Sustainability
PacificExploration&
Production
• Julie Vallat
Head of Ethics and Human
Rights Unit
TotalS.A.
• Gillian Davidson
Head of Mining and
Metals Industries,
WorldEconomicForum
• Rebecca Maclean
Responsible
Investment Analyst
StandardLife
• Christian Spano
Global Lead of Socio-Economic
Development
AngloAmerican
• Alan Knight
General Manager
Corporate Responsibility
ArcelorMittal
• Ben Baxter
Chief Operating Officer
Kenmare
• Holger Grundel
Global Lead Extractive Industries
DFID
• Janina Gawler
Global Practice Leader,
Communities and Social
Performance
RioTinto
• Joe Williams
Senior Advocacy Officer
NRGI
• John Clarke
Chief Executive Officer
BanroCorporation
• Brian Sullivan
Executive Director
IPIECA
• Eddie Rich
Deputy Head
EITI
• Anne Marie Fleury
Standards and Impacts Director
ResponsibleJewelleryCouncil
• Veronica Nyhan Jones
Head of Advisory Services,
Infrastructure and Natural
Resources Department
IFC
• Kristina Svensson
Senior Mining Specialist
WorldBank
• Penny Fowler
Head, Private Sector Team
Oxfam
• Rachel Owens
Senior Campaigner, Oil Team
GlobalWitness
• Mirza Baig
Vice President Corporate
Governance
StateStreetGlobalAdvisors
• Nicky Black
Head of Social Performance
DeBeers
• Charles Gooderham
Sustainability Affairs
CreditSuisse
• Juan Salazar
Associate Director, Governance
and Sustainable Investment
BMOGlobalAssetManagement
• Barnaby Briggs
Former Head of Strategic
Relations and Social
Performance,
ShellInternational
• David Rothschild
Executive Director
GoldenVeroleum
• Helle Abelvik-Lawson
Community Strategist,
Energydesk
GreenpeaceUK
• Martina Macpherson
Associate Director
Hermes Investment
Management
• Nick Pelosi
Corporate Engagement Manager
First Peoples Worldwide
• Lucía Hernández
Project Coordinator
Geneva Centre for Democratic
Control Armed Forces
• Claude Voillat
Economic Advisor
International Committee Red
Cross
• Jeroen de Zeeuw
Extractives Associate
Cordaid
• Stephane Brabant
Partner
HerbertSmithFreehills
• Julie Vaughan
Senior Associate
HerbertSmithFreehills
• Jeremy Leggett
Chairman
CarbonTracker
• Wayne Dunn
President
CSRTrainingInstitute
• Mark Eadie
Consultant
Ex Shell, Vedanta, Trafigura
• Kate Mathias
Development Consultant
Illovo
Speakersinclude:
Support independent debate and progress
Innovation Forum is looking for a small group of sponsors
to work with to push forward progressive discussion on
sustainability in the extractive industry. In a room filled with
senior executives from a range of corporates, NGOs, investors
and government representatives, this forum provides an
opportunity to:
• promote brand awareness and position your company as
a thought leader
• network with senior decision-makers and generate
qualified sales leads
• build relationships with key organisations to help promote
action through collaboration
• differentiate what your company offers
If you would like to learn more about this opportunity please
contact Natasha Bodnar:
natasha.bodnar@innovation-forum.co.uk
+44 (0) 203 780 7432
www.innovation-forum.co.uk
7. Daytwo–28thApril2015
Better governance matters: lessons learned
from successes and failures in driving towards
greater transparency
Better public-private collaboration is an area of emphasis for the
post-2015 development agenda. This plenary looks atthecurrent
stateofplay–to explorewhether,onapracticallevel,collaborations
betweencompanies,government,NGOs,internationalorganisations
andothersaredelivering results towards betteraccountabilityin
today’svolatileworld.
We will question whether lower commodity prices represent an
opportunity, or a threat, for improved resource governance in
resource-rich countries.
We’lldebatevariousinitiatives –fromEITItoworkingwith
development agenciesandtheWorldBank –andthechangingroleof
businesswithinthem.Andimportantly,we’llconsiderthepractical
successfactorsthat governgettingactivityinthis arearight.
Eddie Rich, deputy head, EITI
Holger Grundel, global lead, extractive industries, DFID
Joe Williams, senior advocacy officer, NRGI
Rachel Owens, senior campaigner oil team, GlobalWitness
Future standards on human rights and business:
soft or hard?
The United Nations Guiding Principles (UNGP), the Voluntary
Principles on Security & Human Rights and national laws such
as the Modern Slavery Act (UK, 2015) have brought human rights
risks at corporate and supply chain level to the forefront, but is
this enough?
We look to see where current frameworks, initiatives, risk
management assessment tools and reports or investor-led
engagement have brought extractive companies to the same
table. We will debate key questions on the likely future standards
on human rights performance for the sector.
• Can voluntary initiatives or legal frameworks ensure
companies respect human rights?
• What is the best route for improving companies’ human rights
performance: soft law or hard law?
• What are the relevant risk management tools, processes and
UNGP-led reports corporates and investors can use to assess
human rights controversies?
• Can we define best practices and solutions to mitigate human
rights risks and their impact for the longer term, and how?
Julie Vallat, head of ethics and human rights unit, TotalS.A.
Stephane Brabant, partner, HerbertSmithFreehills
Martina Macpherson, associate director, HermesEOS
Nick Pelosi, corporate engagement manager,
FirstPeoplesWorldwide
Realising the financial value of sustainability
and building a competitive advantage
In this session we will ask key financial stakeholders in the
oil, gas and mining industries how social and environmental
considerations influence their view of opportunities in the sector.
And, on the flipside, we’ll focus on what extractive companies
need to do – both in terms of performance and reporting – in
order to realise the financial value of sustainability in greater
investment and lower project capital cost.
Charles Gooderham, sustainability affairs, CreditSuisse
Juan Salazer, associate director, governance and sustainable investment,
BMOGlobalAssetManagement
Mirza Baig, vice president, corporate governance,
StateStreetGlobalAdvisors
The stranded asset debate – a genuine threat to
the future of the extractives industry?
The stranded asset debate has recently come to the fore with
recent admissions by the likes of the Bank of England, and even
BP’s chief economist. At a time when climate change is high on
everybody’s agenda, it is a discussion which is only going to receive
greater attention.
Here we attempt to distil what bearing this debate has on the
extractive industry – and what action is required of oil, mining
and gas companies.
This session seeks also to promote a broader view of stranded
assets to explore how the environmental and social dimensions
of climate change impact the value of physical assets such as
hydrocarbons, plus those which are less tangible – brand and
reputation.
Helle Abelvik-Lawson, community strategist, Energydesk,
GreenpeaceUK
Jeremy Leggett, chairman, CarbonTracker
Rebecca Maclean, responsible investment analyst,
StandardLife
8. Daytwo–28thApril2015
Breakouts and case studies
The opportunity for focused debate and practical workshop sessions facilitated by experts. Sessions include:
Breakout option 1
Addressing security and
human rights challenges in
complex environments
Lucía Hernández, project coordinator,
GenevaCentreforDemocraticControl
ArmedForces
Claude Voillat, economic advisor,
InternationalCommitteeRedCross
Breakout option 2
Legal workshop: class action
tourism – targeting parent
companies in their home
courts
Julie Vaughan, senior associate,
HerbertSmithFreehills
John Ogilvie, partner,
HerbertSmithFreehills
Joanne Keillor, senior associate,
HerbertSmithFreehills
Breakout option 3
Forging multi-sector
collaborations: practical
guidance and examples
Wayne Dunn, president,
CSRTrainingInstitute
Jeroen de Zeeuw, extractives associate,
Cordaid
9. Keyquestionsyou
maybeasking
2
3
?
Who will be in the room?
Attendingwillbeapproximately120seniorprofessionalsrepresentinginternationaloil, gasand
mining companies,NGOs,investors,government, academicsandserviceproviders.We’reactively
ensuringthemajorityofattendeesarecorporatepractitionerssothattheconferencedelivers
maximumvalue.Bothintermsofactionableoutcomesfromdebateandnetworkingopportunities
with keyplayersfromacrossthewholeindustry.
Is it just another talking shop? Will there be outcomes?
This conference is specifically designed to promote action through its focus on practical solutions
and strategy. The agenda has been carefully written to reflect the industry’s key sustainability
challenges, in particular those thrown up by current low commodity prices.
By bringing together an intimate group of corporate practitioners and industry experts, the
conference provides a strong platform for delegates to exchange knowledge and experience, hear
what’s working and what’s not and identify ways to continue progress.
Why will this event be different from others?
The combination of Chatham House rule and no PowerPoint mean our conferences give rise to real
debate and frank and open conversations. The people behind Innovation Forum have substantial
and long-standing experience in the field of sustainable business. We’re very clear that we’re in this
space for the long term, and are dedicated to creating events that discuss trends, debate issues,
connect key players and most importantly – drive change.
?
Downloadourreportsforfree
The management briefing that complements this event has been put together as a result of extensive cross-industry
research with the leading experts in the field. Written by expert contributors, the report covers the current state of
play in the industry as well as assessing and analysing the practical steps companies can take, and the challenges/
opportunities that will result.
The report is an incredibly useful tool in itself, but also works well to set the scene for discussion at the conference.
For more information contact natasha.bodnar@innovation-forum.co.uk
10. Sustainable
extractivesforum
Howtomanageriskand
navigateuncertainty
27th-28thApril2016 | Hostedby:HerbertSmithFreehills,London
http://innovation-forum.co.uk/sustainable-extractives-forum
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