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Framework for Extractive Projects on Collaborative Strategies
for In-Country Shared Value Creation

 

The final version of the Framework for Extractive Projects on Collaborative Strategies for In-Country Shared Value Creation was endorsed on 29 February 2016 by participants in the Policy Dialogue on Natural Resource-based Development, following the integration of comments received at the Fifth Plenary Meeting, further revisions by the Drafting Committee in January 2016 and subsequent submission for final endorsement through the written procedure between 4 and 26 February 2016.

Through an open, inclusive and constructive dialogue, common ground emerged on how governments, industry, and civil society can work together to create shared value and local development from extractive projects. The Framework offers concrete options for action based on real experience and available knowledge for harnessing non-renewable natural resources to build competitive, diversified and sustainable economies through public-private collaboration. The Framework can further be used to leverage public-private partnerships to support the implementation of the SDGs, including through the development of a Compendium of Practices to show concrete examples of how public-private collaboration can work in practice.

The ultimate success of the Framework will now depend on its wide uptake and actual use by key stakeholders and participants in the Dialogue. In this regard, participants in the Dialogue have agreed to seize every suitable opportunity to raise awareness, promote and pilot this tool starting with two promising avenues:

 

• The first is the development of an accompanying Compendium of Practices, that will serve to illustrate with concrete examples what has worked and not worked at each step in the design and implementation of collaborative strategies for in-country shared value creation. Governments, donors, industry, civil society and partner organisations are invited to share experiences and concrete examples. The Compendium is meant to provide further guidance for operationalising the Framework, inform any necessary future revisions and adjustments, and support the implementation of the 2030 Sustainable Development Agenda by showing how public-private collaboration can work in practice.

• The second is to direct collective efforts into action at a country level by using the Framework as a blueprint to develop strategies on shared value creation to use natural resources to achieve SDGs, and as a means to align existing initiatives and guidelines across government and industry. The Framework will support the development of Country Mining Visions in collaboration with the African Union and partner institutions.