Beyond the Corporate Social Responsibilities paradigm
The extractive industries are a key contributor to economic and social development. In particular, the Mining and Energies industries of the 21st century should act primarily as a catalyst for development and building better life for the local affected communities. We believe at enCulture that this can be achieved while minimising harm to the bio-physical world, and that a balanced and equitable approach will create a sustainable and inclusive growth for the continent.
The current approach to understanding Africa-Australia trade and investment partnerships in the Resources & Energy sectors focuses on three implicit questions:
- What are the barriers to the realisation of equitable partnerships for mutual benefit between Australian and African partners;
- Should and can these barriers be overcome, and if so, by whom; and
- What are the costs to Australian investors?
There exist a lot of barriers to addressing the inequalities that characterise relations between African governments and Australian partners. The main barrier is the perception that efforts to ensure more favourable deals for the former entail a loss for the latter. The reality, however, is that partnerships for mutual benefit are not a zero-sum game; they are a game of win-win solutions.
What sets enCulture apart from other consultants in the Resources & Energy sectors? enCulture focuses on three questions:
- How can we address existing barriers to the realisation of equitable partnerships for mutual benefit between Australian and African partners;
- How can both parties benefit from more equitable relations, particularly investors; and
- How can we reduce investor anxiety about addressing existing barriers to equitable sets of relations?
enCulture is results-oriented. We recognise that the business case for qualitatively different sets of relations has already been convincingly made. This is why our focus is on implementation, by providing:
- Actionable Recommendations & Guidelines;
- Innovative Tools & Frameworks; and
- Tested Marketing Strategies.
Our work stems out of recognition that their implementation would improve both employment outcomes in African countries, investor relations with host communities, and investor image/reputation (a key and often overlooked pillar when it comes to profit maximisation). Our approach part ways with the traditional C.S.R paradigm where local content, small infrastructures such as wells, medical centres are seen as an add-on to the project, and where post-operation outcomes are little discussed.
To ensure your project is well integrated with its local environment, we merged the following in our engagement:
- The UN SDGs - providing a clear structure to establish goals and targets, and used by many of the Leaders of the Extractive Industries
- The AfDB High5s - to adapt global concept to local situation on the African Continent.
- Industry sucesses - to emulate good examples
- Publicly available information - to consolidate and diversify the inputs
- Academia - to add the scientific method to our approach
We are also developing Strategic Partnerships with local and global actors to leverage existing expertise.
Contact us today if you are a stakeholder in the Africa-Australia Trades & Investments partnership, and would like to know how enCulture can work with you.
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