Embed in management systems
Identify and prioritize Stakeholders
Conduct appropriate activities
Ensure follow through
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Stakeholder Engagement Home > Four Pillars > Effectiveness Criterion 2
What this means
The Company should have in place a well-designed, thorough and ongoing process for identifying affected stakeholders that accounts for all individuals or groups directly or indirectly affected by its activities, the anticipated impact of the project, as well as local conditions and contexts TNFD (p. 18).
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During fieldwork, rights holders who were the objective of stakeholder engagement shared these experiences, which resulted in inadequate stakeholder engagement:
Investors can ask the company if it has a clear plan for how it identifies affected or potentially affected stakeholders, including workers or local communities in its value chain or business relationships. The plan should include:
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