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IFC Launches a New Handbook on Stakeholder Engagement

IFC Launches a New Handbook on Stakeholder Engagement

Published 05-16-07

Submitted by International Finance Corporation

May 15, 2007 - IFC launches a new IFC publication, "Stakeholder Engagement: A Good Practice Handbook for Companies Doing Business in Emerging Markets." The Handbook draws on IFC's own learning as well as the current thinking and practices of our client companies and other institutions to provide the good practice "essentials" for building and sustaining constructive relationships over time as a means of risk mitigation, new business identification, and enhancing development outcomes.

The Handbook reflects advances in thinking about the centrality of stakeholder engagement to all other aspects of environmental and social performance, and the link between good stakeholder relations and good risk management. Over thirty case examples from private sector operations across regions and sectors illustrate various aspects of the engagement process, including stakeholder identification and analysis; information disclosure; consultation processes; negotiation and partnerships; grievance management; monitoring and reporting; and management functions. In addition to providing practical guidance on key concepts and principles, the publication helps clients work out how these approaches can be implemented at each phase of the project cycle from concept and planning, through construction and operations, to divestment, downsizing, and decommissioning.

The Handbook offers new and detailed guidance in a number of areas, including gender, indigenous peoples, grievance mechanisms, sustainability reporting, management functions, and the integration of stakeholder engagement activities with core business processes. The publication will be made available in French, Spanish, Portuguese, Chinese, Arabic and Russian as of July 2007 to facilitate use by our regional offices and clients.

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International Finance Corporation

International Finance Corporation

The International Finance Corporation, the private sector arm of the World Bank Group, is the largest multilateral provider of financing for private enterprise in developing countries. IFC finances private sector investments, mobilizes capital in international financial markets, facilitates trade, helps clients improve social and environmental sustainability, and provides technical assistance and advice to businesses and governments. From its founding in 1956 through FY06, IFC has committed more than $56 billion of its own funds for private sector investments in the developing world and mobilized an additional $25 billion in syndications for 3,531 companies in 140 developing countries. With the support of funding from donors, it has also provided more than $1 billion in technical assistance and advisory services.

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