Harvard Business School Professor Michael Porter and FSG have been exploring the potential for extractives companies to improve social outcomes in countries and communities where they operate while simultaneously creating economic value for the company.

This approach, shared value (SV), creates a mechanism for oil and gas and mining and metals companies to fundamentally change the way they engage communities and governments, shifting “social license to operate” from a transactional, reputation-focused set of trade-offs to longer-term relationships that build community prosperity and competitive advantage for the firm. FSG will share findings from the research and  including insights into:

• The current state of community engagement by extractives companies;
• Concrete opportunities for shared value creation in the natural resource sector;
• Challenges to shared value adoption in the extractives sector including: organizational constraints, perceptions of materiality, the difficulty of collaboration, and the role of government;
• Examples of companies and projects that have successfully addressed these challenges globally & and in the region.

Final session of workshop will include two interactive exercises,

(i) evaluating the full costs & benefits of different types of SV investments; and,

(ii) company diagnostic on where they are at in the SV continuum.

The workshop will be facilitated by Chile Hidalgo, Associate Partner of FSG (Harvard Professor Michael Porter’s Consultancy).

To download the copy of agenda in PDF click here.