Four insightful case studies detailing how some of the largest companies within the extractives industry are approaching and managing environments and communities local to their operations
Conservation in tandem
In 2011 Conservation International (CI) launched a five-year alliance with BHP Billiton, the multinational mining, metals and oil and gas company. The aim is to support the company’s commitment to deliver “enduring benefits to biodiversity, ecosystems and other environmental resources”, CI says.
This has included providing technical expertise so that BHP Billiton can manage land and enhance biodiversity in a responsible and sustainable manner. It has also helped define the company's “area of influence”, which takes into account business activities and their potential direct, indirect and cumulative impacts on the environment.
The alliance's Five Rivers project in Australia, which also involves the Tasmanian Land Conservancy, covers 27,000 acres near Cradle Mountain and Lake St Clair. It contains parts of the Tasmanian World Heritage Area, including old growth forests, wild rivers and alpine wetlands, and is a habitat for endangered species such as the Tasmanian devil, wedge-tailed eagle and grassland paper daisy.
The vast areas of native forests suitable for restoration and carbon sequestration will contribute strongly to economic and community benefit, CI says. As well as achieving formal conservation status, the project has also sold its first carbon credits.
In Chile, BHP Billiton has committed $20m to the Valdivian Coastal Reserve...
June 2015, London
Adapt to low commodity prices • Minimise risk • Increase project value • Access capital & resources - 200+ Top level executives from Mining, Oil and Gas will debate and solve the key issues around sustainability and social performance