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Hear from these leading experts:

Sustainable extractives forum How to manage risk and navigate uncertainty 27th-28th April 2016 | Hosted by: Herbert Smith Freehills, London

With focused debates and practical working sessions on:

Doing more with less: how to be more strategic in terms of sustainability and CSR activities and yield greater impact from actions?

Local content: what does best practice look like and advice on how to reach sustainable local content agreements?

The post-2015 development agenda: how can extractive companies play a role, individually and collaboratively, in the achievement of the SDGs?

Achieving good resource governance: lessons learned from successes and failures in efforts to drive greater transparency

Local community engagement: what role can business play in ensuring community welfare in the long-term?

Growing expectations from Big Finance: the role of investors in driving environmental and social sustainability performance among extractive companies

Cynthia Carrol Chairman Vedanta Resources Holdings Ltd

Eddie Rich Deputy Head Extractive Industries Transparency Initiative

Christian Spano Global Lead for Socio-Economic Development Anglo American

Janina Gawler Global Practice Leader, Communities and Social Performance Rio Tinto

Brian Sullivan Executive Director IPIECA

Julie Vallat Head of Ethics and Human Rights Unit Total S.A.

John Clarke CEO Banro Corporation

Veronica Nyhan Jones Head of Advisory Services, Infrastructure and Natural Resources Department IFC

Stephane Brabant Partner Herbert Smith Freehills

Nicky Black Head of Social Performance De Beers

Three things you will get from this conference

A platform for focused multi-stakeholder dialogue confronting the complex reality of the risks extractive companies face, and how these are best managed

Practical recommendations on how to improve current sustainable business practices around core areas such as human rights, community engagement and local content

A unique opportunity for cross sector insight concerning the implementation of policies such as FPIC

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The extractive sector is particularly exposed to social and environmental risk given the geography and impact of its

operations. In the past, failure to manage these risks properly has damaged the sector’s reputation. Extractive companies have come a long way, not least a move from purely managing risk towards recognising the need to create lasting value for themselves and the communities in which they operate.

Low commodity prices have thrown up a number of challenges for the extractive industry. As budgets come under increasing pressure, the risks that extractive companies face, and moreover expectations for responsible business practice, continue to grow.

Management of non-technical risk must remain high on the agenda of extractive companies. In as far as the current price environment represents a challenge, it could also be seen as an opportunity. The industry can focus on driving greater efficiency and more innovative practice in terms of business performance. Promoting national and local level development

Perhaps because of the oversimplified, but widely accepted, resource extraction equals development equation, a great deal of expectation falls at the feet of mining, oil and gas

Manage risk, navigate uncertainty, improve your business The social, environmental and financial challenges facing the extractive sector are significant. But they provide opportunities for companies to create more strategic value, and can minimise corporate risk

companies. Failure to deliver on this can compromise a company’s social licence to operate and generate discontent.

From a business perspective, this can be costly. A well-known study by Queensland University and the Harvard Kennedy School estimated that average cost to a mining company caused by a cessation of activity due to community unrest was $20m a week.

Contribution to socio-economic development on a national and local level is therefore important both as a means to minimise the social risk to which operations are exposed, and as part of responsible business practice. At a time when the financial resources available to companies are constrained, greater coordination and more strategic consideration of what constitutes the creation of shared value is required.

The role of extractive companies has been emphasised under the post-2015 development agenda. Specifically, their role in the achievement of the sustainable development goals (SDGs) has received focus from the international development community, via such reports as the forthcoming 'Mapping Mining to the Sustainable Development Goals: An Atlas', by the World Economic Forum, the United Nations Development Programme, United Nations Sustainable Development Solutions Network, and the Colombia Centre on Sustainable Investment. It’s not yet clear which companies will emerge as first movers in their response to the SDGs, both in terms of a formal endorsement of the goals and incorporating relevant metrics into their reporting.

Better community engagement

The concept of free, prior and informed consent (FPIC) for indigenous communities is a right under international law. Companies that disregard the rights of vulnerable communities and indigenous peoples risk being targeted by activists and NGOs.

Amnesty International says that in Colombia indigenous rights are being neglected due to a prioritisation of economic interests on the part of the government and private companies. There has been some industry-wide progress though.

Oxfam’s 2015 Community Consent Index records an almost threefold increase in the number of extractive companies to have an FPIC policy since 2012.

Proper community engagement at every stage of resource extraction can mediate risk and protect against operational uncertainty. From the outset, community consultation is important both as a means to gain consent and manage expectations. At a time where the future viability of projects is uncertain, civil society experts argue that companies must do more to engage with communities and help develop local skills and knowledge sustainably so that a community’s economy remains viable even after extractive companies exit.

Achieving greater resource governance

Better public-private collaboration is also a focus area under the post-2015 development agenda. This stands to improve resource governance via increased transparency.

The Extractive Industry Transparency Initiative is testament to what can be achieved through multi-sector collaboration. Corporate ownership details though, are a growing area of controversy. According to Global Witness, this issue brings the EITI’s credibility into question. It remains to be seen how EITI will respond to this challenge for a substantial increase in transparency to remain a leader in this space.

All of these issues, challenges and opportunities will be explored during the forthcoming Innovation Forum conference – the Sustainable extractives forum: how to manage risk and navigate uncertainty – taking place in London on 27th-28th April 2016.

We hope you can join us for two days of focused debate on solutions and strategy.

A great deal of expectation falls at the feet of mining, oil and gas companies. Failure to deliver on this can compromise a company's social licence to operate

• Focused debate• Senior participants• Candid dialogue

Day one – 27th April 2015

Welcome and opening remarks

Tobias Webb, founder, Innovation Forum

Introductory Keynote: Cynthia Carrol, chairman, Vedanta Resources Holdings Ltd

Adapting to change: how to do better with less. Tips and insight from leading companiesCopper, aluminium and nickel prices are all down 25% compared to late 2014, whilst oil remains at around $50 a barrel. Such challenging commodity prices have translated into tighter margins. For extractive companies, this means efficiency is vital.

So, in this opening session, we’ll ask senior decision-makers for their advice on:

• how companies can utilise scarcer resources for more effective delivery in the field; and

• proving the business case internally for a continued focus on non-technical social risk areas.

We’ll also be asking our speakers to discuss how the current price environment can be used to create and drive innovation and improve performance. In a PowerPoint-free session, each of our speakers will make some brief remarks, followed by discussion, debate and an interactive Q&A.

John Clarke, chief executive officer, Banro Corporation

Janina Gawler, global practice leader, communities and social performance, Rio Tinto

Sandy Stash, group vice president, safety, sustainability and external affairs, Tullow Oil

Federico Restrepo Solano, vice president of corporate affairs and sustainability, Pacific Exploration & Production

Are governments becoming more demanding? Reaching sustainable agreements around local contentIn recent years there has been an increase in local content regulation. There is, though, growing understanding that simply requiring companies to employ local people and use local suppliers is a small part of a much more complex issue. Local content is about creating a viable local economy not wholly dependent on resource extraction.

Current low commodity prices represent an opportunity for the re-assessment of local content policies – and provide momentum to make them more effective for local communities, national governments and companies alike.

Here we will explore what a successful local content strategy looks like. In particular, we will debate ways to develop the skills and knowledge of local communities in a sustainable manner so that they endure even in the absence of extractives.

This session will also offer guidance on entering into dialogue with governments and give practical advice on how to:

• form agreements which are good for business, but which demonstrate a commitment to developing a local workforce;

• balance the increasing need for a globally mobile and highly skilled workforce with local labour and capacity building.

Charlotte Wolff, vice president, sustainability, Statoil

Alex Budden, vice president, external relations, Africa Oil

Kristina Svensson, senior mining specialist, World Bank

How companies can do more to create value in emerging markets and minimise non-technical riskResource extraction’s development impact is often cited, but not necessarily well understood. Among communities, if this potential is not realised, it can challenge the legitimacy of an extractive company’s social licence. This exacerbates risks to business and heightens the need to demonstrate the positive effects of responsible extraction on local communities and economies.

Depressed commodity prices mean there is less to go round for multinationals, national governments and local stakeholders alike. At the same time, however, the role of the extractive sector has been elevated as part of the post-2015 sustainable development agenda.

This plenary session will explore how companies can be proactive in shaping this agenda, not merely reacting to it. We will hear from those at the forefront of these discussions on how extractive companies can become leading partners in the achievement of the sustainable development goals – and additionally how this can minimise risk to business.

Beyond debating how companies can increase the positive effect they have, we’ll also discuss ways to communicate this more effectively to key stakeholders.

Gillian Davidson, head of mining and metals industries, World Economic Forum

Christian Spano, global lead of socio-economic development, Anglo American

Barnaby Briggs, former head of social performance and strategic relations at Shell International

Breakout groups and case studiesThe opportunity for focused debate and practical workshop sessions facilitated by experts. Sessions include:

Breakout option 1 Cross sector lessons in responding to a crisisPalm oil business Golden Veroleum has invested billions into one of the poorest regions of Liberia. In the last five years the firm has been targeted by NGOs and has seen unrest across its operations. The Ebola crisis also became a major challenge. In this session we’ll ask the company’s executive director, David Rothschild, to talk about some of the key lessons he has learned in community and NGO engagement and discuss some of the relevant lessons for extractive companies.

David Rothschild, executive director, Golden Veroleum

Breakout option 2 Local content: Kenmare Case Study Here we deep-dive into the activities of Kenmare, a titanium mineral mining company in Mozambique. Through the Kenmare Moma Development Association, set up in 2009, Kenmare has worked hard to promote the socio-economic development of the region in which the company operates and given real focus to local content.

We’ll ask Ben Baxter, COO of Kenmare, to share key lessons-learned in this field.

Ben Baxter, chief operating officer, Kenmare

Breakout option 3 FPIC working session: confronting nuances in what free, prior, informed and consent actually mean, to improve policy The principles of free, prior and informed consent can be a minefield for companies to navigate. The devil is always in the detail and in this breakout we’ll discuss in depth how companies can better get this right, as well as some of the key mistakes to avoid.

Janina Gawler, global practice leader, communities and social performance, Rio Tinto

Wayne Dunn, president, CSR Training Institute

Breakout groups and case studies

Breakout option 1 Working session on managing and responding to community conflict The mining, oil and gas sector is vulnerable to the effects of community conflict. Moreover the stakes are high, with revenue loss amounting to millions of pounds per week. Successful management of communities in volatile environments is highly important. Both Anne-Marie Fleury, director of standards and impacts with the Responsible Jewellery Council, and Mark Eadie in his roles with Shell, JP Morgan and Vedanta Resources, have spent decades between them examining this issue. We’ll ask them to offer practical insights from their experience in an off-the-record environment.

Mark Eadie, consultant

Anne-Marie Fleury, standards and impacts director, Responsible Jewellery Council

Breakout option 2 How to better measure return on social investment: shifting emphasis from inputs to outcomes and outputs With purse strings tightening, understanding what works and what doesn’t when it comes to corporate responsibility programmes is even more pressing.

Understanding ways to value the return on sustainability investments is therefore a core business need – and one which this sessions will seek to confront.

 Veronica Nyhan Jones, head of advisory services, infrastructure and natural resources department, IFC

Breakout option 3 FPIC: overcoming challenges of practical implementation. Insight from the agribusiness sector It’s not just extractive firms that struggle with FPIC, and need to implement it correctly. Agricultural companies are on the front lines of getting FPIC right – and wrong. In this session we’ll hear some success stories from the agri-business sector, and lessons that can be applied by extractives companies to improve their performance in this challenging area.

Penny Fowler, head, private sector team, Oxfam UK

Kate Mathias, development consultant, Illovo

Day one – 27th April 2015

Protecting communities from the downturnWhen the commercial viability of a project changes, an asset may be mothballed or operations may cease altogether. NGOs are quick to assert that, in these situations, it is typically local communities who fare worst. There is an increasing concern that companies are not doing enough to prepare communities for their departure.

This session draws upon the expertise of corporate professionals and their historic experience of downturns, as well as lessons learned from the expiry of the super cycle more recently.

• Better understand how a cessation of activities can impact a community – and the merits of collaborative action in safeguarding against this.

• Hear what role business can play – individually and collectively – to protect the welfare of the communities in which they operate and promote greater resilience.

• Receive best practice case studies for stakeholder engagement that, when properly done, mitigates the need for significant protective action during a downturn.

In addition, for situations where pre-emptive action no longer applies, learn effective ways to manage communities – including ways to maintain trust and work with a local labour force.

Nicky Black, head of social performance, De Beers

Brian Sullivan, executive director, IPIECA

Day one – 27th April 2015

• Cynthia Carrol Chairman Vedanta Resources Holdings Ltd.

• Sandy Stash Group Vice President, Safety, Sustainability and External Affairs Tullow Oil

• Charlotte Wolff Vice President, Sustainability Statoil

• Alex Budden Vice President, External Relations Africa Oil

• Federico Restrepo Solano Vice President of Corporate Affairs and Sustainability Pacific Exploration & Production

• Julie Vallat Head of Ethics and Human Rights Unit Total S.A.

• Gillian Davidson Head of Mining and Metals Industries, World Economic Forum

• Rebecca Maclean Responsible Investment Analyst Standard Life

• Christian Spano Global Lead of Socio-Economic Development Anglo American

• Alan Knight General Manager Corporate Responsibility Arcelor Mittal

• Ben Baxter Chief Operating Officer Kenmare

• Holger Grundel Global Lead Extractive Industries DFID

• Janina Gawler Global Practice Leader, Communities and Social Performance Rio Tinto

• Joe Williams Senior Advocacy Officer NRGI

• John Clarke Chief Executive Officer Banro Corporation

• Brian Sullivan Executive Director IPIECA

• Eddie Rich Deputy Head EITI

• Anne Marie Fleury Standards and Impacts Director Responsible Jewellery Council

• Veronica Nyhan Jones Head of Advisory Services, Infrastructure and Natural Resources Department IFC

• Kristina Svensson Senior Mining Specialist World Bank

• Penny Fowler Head, Private Sector Team Oxfam

• Rachel Owens Senior Campaigner, Oil Team Global Witness

• Mirza Baig Vice President Corporate Governance State Street Global Advisors

• Nicky Black Head of Social Performance De Beers

• Charles Gooderham Sustainability Affairs Credit Suisse

• Juan Salazar Associate Director, Governance and Sustainable Investment BMO Global Asset Management

• Barnaby Briggs Former Head of Strategic Relations and Social Performance, Shell International

• David Rothschild Executive Director Golden Veroleum

• Helle Abelvik-Lawson Community Strategist, Energydesk Greenpeace UK

• Martina Macpherson Associate Director Hermes Investment Management

• Nick Pelosi Corporate Engagement Manager First Peoples Worldwide

• Lucía Hernández Project Coordinator Geneva Centre for Democratic Control Armed Forces

• Claude Voillat Economic Advisor International Committee Red Cross

• Jeroen de Zeeuw Extractives Associate Cordaid

• Stephane Brabant Partner Herbert Smith Freehills

• Julie Vaughan   Senior Associate Herbert Smith Freehills

• Jeremy Leggett Chairman Carbon Tracker

• Wayne Dunn President CSR Training Institute

• Mark Eadie Consultant  Ex Shell, Vedanta, Trafigura

• Kate Mathias Development Consultant Illovo

Speakers include:

Support independent debate and progress

Innovation Forum is looking for a small group of sponsors to work with to push forward progressive discussion on sustainability in the extractive industry. In a room filled with senior executives from a range of corporates, NGOs, investors and government representatives, this forum provides an opportunity to:

• promote brand awareness and position your company as a thought leader

• network with senior decision-makers and generate qualified sales leads

• build relationships with key organisations to help promote action through collaboration

• differentiate what your company offers

If you would like to learn more about this opportunity please contact Natasha Bodnar:

natasha.bodnar@innovation-forum.co.uk

+44 (0) 203 780 7432

www.innovation-forum.co.uk

Day two – 28th April 2015

Better governance matters: lessons learned from successes and failures in driving towards greater transparencyBetter public-private collaboration is an area of emphasis for the post-2015 development agenda. This plenary looks at the current state of play – to explore whether, on a practical level, collaborations between companies, government, NGOs, international organisations and others are delivering results towards better accountability in today’s volatile world.

We will question whether lower commodity prices represent an opportunity, or a threat, for improved resource governance in resource-rich countries.

We’ll debate various initiatives – from EITI to working with development agencies and the World Bank – and the changing role of business within them. And importantly, we’ll consider the practical success factors that govern getting activity in this area right.

Eddie Rich, deputy head, EITI

Holger Grundel, global lead, extractive industries, DFID

Joe Williams, senior advocacy officer, NRGI

Rachel Owens, senior campaigner oil team, Global Witness

Future standards on human rights and business: soft or hard?The United Nations Guiding Principles (UNGP), the Voluntary Principles on Security & Human Rights and national laws such as the Modern Slavery Act (UK, 2015) have brought human rights risks at corporate and supply chain level to the forefront, but is this enough?

We look to see where current frameworks, initiatives, risk management assessment tools and reports or investor-led engagement have brought extractive companies to the same table. We will debate key questions on the likely future standards on human rights performance for the sector.

• Can voluntary initiatives or legal frameworks ensure companies respect human rights?

• What is the best route for improving companies’ human rights performance: soft law or hard law?

• What are the relevant risk management tools, processes and UNGP-led reports corporates and investors can use to assess human rights controversies?

• Can we define best practices and solutions to mitigate human rights risks and their impact for the longer term, and how?

Julie Vallat, head of ethics and human rights unit, Total S.A.

Stephane Brabant, partner, Herbert Smith Freehills

Martina Macpherson, associate director, Hermes EOS

Nick Pelosi, corporate engagement manager, First Peoples Worldwide

Realising the financial value of sustainability and building a competitive advantageIn this session we will ask key financial stakeholders in the oil, gas and mining industries how social and environmental considerations influence their view of opportunities in the sector.

And, on the flipside, we’ll focus on what extractive companies need to do – both in terms of performance and reporting – in order to realise the financial value of sustainability in greater investment and lower project capital cost.

Charles Gooderham, sustainability affairs, Credit Suisse

Juan Salazer, associate director, governance and sustainable investment, BMO Global Asset Management

Mirza Baig, vice president, corporate governance, State Street Global Advisors

The stranded asset debate – a genuine threat to the future of the extractives industry?The stranded asset debate has recently come to the fore with recent admissions by the likes of the Bank of England, and even BP’s chief economist. At a time when climate change is high on everybody’s agenda, it is a discussion which is only going to receive greater attention.

Here we attempt to distil what bearing this debate has on the extractive industry – and what action is required of oil, mining and gas companies.

This session seeks also to promote a broader view of stranded assets to explore how the environmental and social dimensions of climate change impact the value of physical assets such as hydrocarbons, plus those which are less tangible – brand and reputation.

Helle Abelvik-Lawson, community strategist, Energydesk, Greenpeace UK

Jeremy Leggett, chairman, Carbon Tracker

Rebecca Maclean, responsible investment analyst, Standard Life

Day two – 28th April 2015

Breakouts and case studiesThe opportunity for focused debate and practical workshop sessions facilitated by experts. Sessions include:

Breakout option 1 Addressing security and human rights challenges in complex environmentsLucía Hernández, project coordinator, Geneva Centre for Democratic Control Armed Forces

Claude Voillat, economic advisor, International Committee Red Cross

Breakout option 2 Legal workshop: class action tourism – targeting parent companies in their home courts Julie Vaughan, senior associate, Herbert Smith Freehills

John Ogilvie, partner, Herbert Smith Freehills

Joanne Keillor, senior associate, Herbert Smith Freehills

Breakout option 3 Forging multi-sector collaborations: practical guidance and examples Wayne Dunn, president, CSR Training Institute

Jeroen de Zeeuw, extractives associate, Cordaid

Key questions you may be asking

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?Who will be in the room? Attending will be approximately 120 senior professionals representing international oil, gas and mining companies, NGOs, investors, government, academics and service providers. We’re actively ensuring the majority of attendees are corporate practitioners so that the conference delivers maximum value. Both in terms of actionable outcomes from debate and networking opportunities with key players from across the whole industry.

Is it just another talking shop? Will there be outcomes? This conference is specifically designed to promote action through its focus on practical solutions and strategy. The agenda has been carefully written to reflect the industry’s key sustainability challenges, in particular those thrown up by current low commodity prices.

By bringing together an intimate group of corporate practitioners and industry experts, the conference provides a strong platform for delegates to exchange knowledge and experience, hear what’s working and what’s not and identify ways to continue progress.

Why will this event be different from others? The combination of Chatham House rule and no PowerPoint mean our conferences give rise to real debate and frank and open conversations. The people behind Innovation Forum have substantial and long-standing experience in the field of sustainable business. We’re very clear that we’re in this space for the long term, and are dedicated to creating events that discuss trends, debate issues, connect key players and most importantly – drive change.

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Download our reports for freeThe management briefing that complements this event has been put together as a result of extensive cross-industry research with the leading experts in the field. Written by expert contributors, the report covers the current state of play in the industry as well as assessing and analysing the practical steps companies can take, and the challenges/ opportunities that will result.

The report is an incredibly useful tool in itself, but also works well to set the scene for discussion at the conference.

For more information contact natasha.bodnar@innovation-forum.co.uk

Sustainable extractives forum How to manage risk and navigate uncertainty 27th-28th April 2016 | Hosted by: Herbert Smith Freehills, London

http://innovation-forum.co.uk/sustainable-extractives-forum

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Sustainable drinks – strategy and collaboration in spirits, beer and wine 15th-16th March 2016, London

How business can build resilience for smallholder farmers 22nd-23rd March 2016, London

How business can tackle deforestation 6th-7th April 2016, Washington DC

Sustainable apparel forum 19th April 2016, London

If you're interested in any of these events, please do get in touch:Oliver Bamford | Tel +44 (0) 20 3780 7431 | oliver.bamford@innovation-forum.co.uk | www.innovation-forum.co.uk

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