Unlocking Data Innovation for Social License in Natural Resources
This discussion paper is a product of the From Disclosure to Development (D2D) program, led by the sustainable infrastructure advisory team of the International Finance Corporation (IFC). The program, launched in 2017, is funded by the BHP Foundati...
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| Format: | Working Paper |
| Language: | English |
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International Finance Corporation, Washington, DC
2020
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| Online Access: | http://documents.worldbank.org/curated/en/387551580985868721/Unlocking-Data-Innovation-for-Social-License-in-Natural-Resources-Discussion-Paper http://hdl.handle.net/10986/33299 |
| Summary: | This discussion paper is a product of
the From Disclosure to Development (D2D) program, led by the
sustainable infrastructure advisory team of the
International Finance Corporation (IFC). The program,
launched in 2017, is funded by the BHP Foundation and
implemented in collaboration with the World Bank. It builds
on more than a decade of IFC and World Bank experience in
natural resources transparency and open data. The program’s
goal is to enhance benefit sharing with communities from
investment in natural resources through effective disclosure
and data-use practices. D2D develops and tests new
approaches, partnerships, and platforms aimed at improving
the ways in which companies and governments disclose data,
so that communities and other stakeholders can use it to
inform their decisions and actions. The social license to
operate (SLO) refers to the ongoing acceptance of a company
or industry’s standard business practices and operating
procedures by stakeholders, local communities, and the
general public. Transparency and community engagement can
also create the foundations for developing proactive systems
for companies to recognize and address community concerns
and create tangible programs to improve planning with host
communities, governments, and civil society. The goal is to
establish social value that is measurable and verifiable and
emphasizes the issues that matter to different groups of stakeholders. |
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