Stakeholder
management
Social capital – its value and how to measure it
The newly revisited concept of social capital is now prominent in several fields of social science. For Next Generation Consultants, the concept became important with the introduction of the integrated reporting framework that requires c...
The value and importance of socio-economic research and baseline studies in social investment and development practices
Definition:Â Socio-economics is the study of the relationship between economic activity and social life. In many cases, however, socio-economists focus on the social impact of a specific kind of economic change. Such changes might includ...
How stakeholder engagement improves community development projects and programmes
ngagement refers to the many ways in which companies connect with and involve stakeholders and the community in the development and implementation of community initiatives. Engagement covers a range of participation options, ranging from...
Sustainability practices, the environment and social relationships
Political agendas and shifts in international politics are impacting stakeholder engagement and management trends. Managing political, social and environmental risks and the impact thereof in relation to stakeholder management are becomi...
Stakeholder engagement in Africa: Culture, risk and individual engagement
takeholder engagement in Africa can be a rewarding experience when the engagement process is customised based on individual stakeholder needs. Diverse stakeholders can have a positive impact on company activities, as feedback and inclusi...
How to conduct stakeholder engagement
Companies globally are exposed to risk simply by engaging with other businesses, communities and governments. Companies are responsible for the products and services they sell. These responsibilities include respecting and protecting peo...
Impact, dynamics, and differences in multifaceted stakeholder relationships
Companies sometimes collaborate with several stakeholders in diverse fields because of the nature of their business, the sector in which they operate and the geography of their operations. Interacting with different stakeholders requires...
How human rights management reduces risk in the supply chain
Companies operating globally in sectors associated with higher stakeholder risk can benefit from a human rights management strategy. Case studies from various industries show that human rights due diligence practices not only limit viola...
The importance of human rights management for business
Business has previously regarded the protection of human rights as a moral imperative. Today, human rights management and due diligence policies are required for good governance and an obligation for operating in the global market. The c...
Trends in stakeholder reporting and stakeholder outcomes
Consultation tends to be a one-way flow of information where a company solicits input from stakeholder groups. Stakeholder dialogue is a more robust conversation. It gives companies an opportunity to provide context for their operational...
Common mistakes in stakeholder engagement
takeholder management can be an effective risk management tool. But simply engaging for purposes of reporting or compliance and governance underestimates the real value of stakeholder engagement. These days companies issuing sustaina...
Stakeholder engagement: A board and governance issue
Most companies communicate with stakeholders, thereby providing information about the organisation and its products, services, and operations to shareholders, customers, staff, business partners, and suppliers. The process of communicati...
Benefits and challenges of stakeholder engagement
Stakeholder engagement is not a new concept. Recent reporting frameworks (GRI and IIRC) have however pushed the topic up the ladder of importance for companies, as it is a specific reporting requirement in order to develop and release su...
A rightsholder approach to effective human rights management practices
In recent years, companies have made significant progress to understand, come to terms with and implement human rights practices. In general, this statement applies mostly to high-profile industries such as mining, oil and gas. Similarly...
Reporting on stakeholder engagement
Sustainability and integrated reporting guidelines and frameworks require in-depth reporting on stakeholder relationships and engagement activities. However, it seems that companies are at a loss of how to engage, what to engage on, ho...
Risk management and stakeholder engagement
Much has been said and written about best practice or effective stakeholder engagement. There are standards, guidelines and frameworks that govern stakeholder processes, and many consultants have advised on developing stakeholder managem...
