Corporate Engagement Our corporate engagement program builds the cultural bridge between companies...

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Corporate Engagement Our corporate engagement program builds the cultural bridge between companies and Indigenous Peoples and makes the business case for respecting and upholding Indigenous Peoples’ rights. Keepers of the Earth Our Keepers of the Earth Fund provides grants directly to Indigenous-led development projects. Since 2007, we’ve given $1.9 million in grants to hundreds of Indigenous communities across 60 countries. + First Peoples Worldwide builds upon a foundation of Indigenous values and rights to achieve a sustainable future for all 1

Transcript of Corporate Engagement Our corporate engagement program builds the cultural bridge between companies...

Page 1: Corporate Engagement Our corporate engagement program builds the cultural bridge between companies and Indigenous Peoples and makes the business case for.

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Corporate EngagementOur corporate engagement program builds the cultural bridge between companies and Indigenous Peoples and makes the business case for respecting and upholding Indigenous Peoples’ rights.

Keepers of the EarthOur Keepers of the Earth Fund provides grants directly to Indigenous-led development projects. Since 2007, we’ve given $1.9 million in grants to hundreds of Indigenous communities across 60 countries.

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First Peoples Worldwide builds upon a foundation of Indigenous values and rights to achieve a sustainable future for all

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First Peoples’ Network of Indigenous Grantees

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Current Situation

Minas Conga (Peru)$4.8 billion investment

Ongoing community resistance linked to police violence and up to 16 deaths

Suspended in 2011; Further development contingent upon local community support

http://www.bnamericas.com/news/mining/peru-arrests-opponent-of-newmonts-minas-conga-projecthttp://www.ft.com/intl/cms/s/0/a448ade4-661d-11e2-bb67-00144feab49a.html?siteedition=intl#axzz3695iRuwthttp://newmont.q4web.com/files/2014/Fiscal%20Year%20End/2013%20Annual%20Report_full%20report_FINAL_v001_x688hv.PDF

Page 4: Corporate Engagement Our corporate engagement program builds the cultural bridge between companies and Indigenous Peoples and makes the business case for.

Niger Delta (Nigeria)Community opposition takes militant form

Several companies tried for murder in US courts; found not guilty

Oil production declined 28 percent between 2006 and 2009 due to attacks on oil facilities

http://www.bnamericas.com/news/mining/peru-arrests-opponent-of-newmonts-minas-conga-projecthttp://www.ft.com/intl/cms/s/0/a448ade4-661d-11e2-bb67-00144feab49a.html?siteedition=intl#axzz3695iRuwthttp://newmont.q4web.com/files/2014/Fiscal%20Year%20End/2013%20Annual%20Report_full%20report_FINAL_v001_x688hv.PDF

Current Situation

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Keystone XL Pipeline (US)Failure to obtain social license increased capital costs by $2.5 billion

Coalition of resistance formed by communities, environmentalists, federal and state politicians

Federal approval still pending; costs likely to climb

http://www.reuters.com/article/2014/11/04/transcanada-results-idUSL4N0SU5W320141104

Companies are Losing their Social License

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1 week shutdown costsUS$20-30 million

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Time to bring oil projectsonline doubled in last decade

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73% of delays are from non-technical risks

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Why do Indigenous Peoples matter?

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The legal trajectory for Indigenous Peoples’ rights is global

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Connection between a company’s social and financial performance

getting stronger

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• Invested US$37 million in New Brunswick

• $28.2 million invested in exploration program through December 2012

Look at Southwestern Energy...

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October 6, 2013

Analyst report

Southwestern “looks like a great long-term investment” and “it is a low political risk company.”

Source: http://seekingalpha.com/article/1730992-southwestern-energy-looks-like-a-great-long-term-investment

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October 17, 2013

Blockade turns violent

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October 17, 2013October 17, 2013

40 protestors arrested

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Cost to Southwestern Energy

$60,000

a day

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We are making the financial case for Indigenous Peoples’ rights

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Indigenous Rights Risk Report

Identified 52 oil, gas, and mining companies’ overlap with Indigenous lands

Assessed 330 projects’ risk exposure to Indigenous Peoples’ rights

89 percent of projects posed high or medium risk to companies and their shareholders

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Methodology

Country Risk (20%)Reputation Risk (20%)Community Risk (25%)Legal Risk (5%)Risk Management (30%)

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Corporate overlap with Indigenous lands is growing

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Percentage of overlap with Indigenous Peoples

39%

production

46%

reserves

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Companies have no board oversight of social risks

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Country Risk drives corporate risk upward

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High Risk Countries Medium Risk Countries Low Risk Countries0

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High RiskMedium RiskLow Risk

Country Risk

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Companies are being held accountable to cumulative impacts

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Access the Report

Executive Summaryhttp://firstpeoples.org/indigenous-rights-risk-report

Scorecardshttp://firstpeoples.org/wp

[email protected]