INVESTOR HREDD PRECISION TOOLS
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Stakeholder Engagement Guide ​(beta)

stakeholder engagement guide
​main page

The Stages and Effectiveness Criteria

Click on each Effectiveness Criterion below to access the Guide. 

EMBED IN MANAGEMENT SYSTEMS

1. Embedded Commitment​
The company has a policy commitment to ongoing stakeholder engagement, and embeds it in its governance, culture, and management strategy.
Vertical Divider

CREATE A TAILORED ENGAGEMENT PLAN

2. Inclusiveness
The company listens to a full range of rights holders across the value chain and has a process to identify legitimate representatives.
3. A Focus on Those Most at Risk
The company prioritizes engagement with the rights holders who are most likely to be harmed by its operations​, and therefore where early engagement is critical.
Vertical Divider

CONDUCT APPROPRIATE ACTIVITIES

4. Informed Participation
The company establishes ongoing, two-way communication with affected rights holders that provides relevant critical information well in advance of key decision points.
5. Trust and Accountability
The company establishes a grievance mechanism and other procedures, tailored to the context, to build rights holder trust and accountability for its actions.
Vertical Divider

ENSURE
​FOLLOW THROUGH

6. Stakeholder-informed Action Plan 
The company analyzes information obtained through dialogue with rightsholders and collaborates with rights holders to formulate an action plan.
7. Monitoring, Transparency, and 
​Continuous Improvement

The company establishes and maintains a transparent and stakeholder-informed monitoring and evaluation (M&E) system.
This project is a collaboration among the following organizations:
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Copyright © 2024
  • Home
  • The Tools
    • Responsible Contracting >
      • Main Page
      • A Primer
      • Five Resources
    • Red Flags in Sustainability Initiatives >
      • Main Page
      • The ​14 Red Flags
      • Our approach
      • Binding Agreements
      • Further Reading
    • Stakeholder Engagement Guide >
      • Main Page
      • Stages and Effectiveness Criteria
      • Financial Materiality
      • Our Approach >
        • Lexicon
        • Beta version
        • Social Dialogue
        • CAHRAs
        • Acknowledgements
    • Remedy Guide
    • HREDD Corporate Engagement Script
  • HREDD & EU Regulation
  • Collaborate
  • English
    • Español
    • Português