TMP

Date

2011-2014

Overview

In collaboration with the Rights and Resources Initiative (RRI), we explored the importance for companies and investors in emerging markets to understand community rights and support. Our analysis demonstrated that merely having government approval or legal land titles does not ensure smooth project progression; lacking local community support introduces significant risks, leading to delays and decreased profitability.

Key results

Our findings resonated immediately, heightening awareness among corporations and investors about the critical nature of social risks. This recognition led to various initiatives including Landscope, tenure risk quantification, and tailored training programs. Our partnership with RRI also contributed to the formation of the Interlaken Group, emphasizing our impact on global approaches to community engagement and tenure rights.

Lessons learned

We learned that many senior managers, particularly in international corporations, lack tools to quantify Environmental, Social, and Governance (ESG) risks effectively. This gap hinders their understanding of the financial benefits of actively managing these risks and fostering supportive relationships with local communities. Addressing this gap is crucial for enhancing project success and sustainability.

Partner

• Rights and Resources Initiative (RRI)