Stakeholder engagement due diligence in extractive industries
Companies can contribute to positive social and economic development when they involve stakeholders, such as local communities, in their planning and decision making. This is particularly true in the extractive sector, which is associated with extensive social, economic and environmental impacts.
OECD Due Diligence Guidance for Meaningful Stakeholder Engagement in the Extractive Sector
To address the challenges raised when engaging with stakeholders, the OECD has developed a guidance for practitioners in the mining, oil and gas industries.
The guidance provides a practical framework for identifying and managing risks with regard to stakeholder engagement activities to ensure companies play a role in avoiding and addressing adverse impacts as defined in the OECD Guidelines for Multinational Enterprises.
The guidance also includes an assessment framework for industry to evaluate their stakeholder engagement performance and targeted guidance for specific stakeholder groups such as indigenous peoples, women, workers and artisanal and small scale miners.Main recommendations
This guidance was developed with the support of a multi-stakeholder advisory group and was the subject of an online public consultation.