Investing in the MDGs Potential for public/private/civil society collaboration

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Investing in the MDGsPotential for
public/private/civil society collaboration

• Placer Dome Inc
• a case study

Presented by Wayne Dunn, Placer Dome Consultant
Direct Private Sector Investments in Meeting the
Millennium Development Goals Focal/IDRC
Roundtable 13-Sep-05 Ottawa, Canada
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Outline

• Extractive Sector and the MDGS
• Case Study
• Moving Forward the need to collaborate

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Placer Dome

• Global mining leader
• 16 mining operations, 7 countries / over 13,000
  employees worldwide
• 2 operating mines in LAC region (Zaldivar and La
  Copia/Chile) - 25 of global corporate revenue
• 2 advanced exploration projects in LAC region
  (Cerro Casale/Chile and Pueblo Viejo/Dominican
  Republic)
• Recognized leader in social investment/sustainabil
  ity
• First major mining company to adopt a
  Sustainability Policy
• Recent Awards Recognition
• Zaldivar - PROhumana RSEtica presented its
  Sustainability Award for Corporate Social
  Responsibility.
• South Africa Operations
• Nexen Award for Corporate Social and Ethical
  Responsibility
• World Bank Development Innovation Award
• Two time finalist in World Bank Development
  Marketplace competition
• Care project made into Stanford Business School
  Case Study

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Extractive Sector MDGs

• Emergence of Social License issues changed value
  creation/value flow and created an area of common
  interest with the ODA/Development community
• MDGs roughly map much of this shared interest
  area

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MDGs and Social License
Millennium Development Goals Social License
Eradicate extreme poverty and hunger a
Achieve universal primary education a
Promote gender equality and empower women a
Reduce child mortality a
Improve maternal health a
Combat HIV/AIDS, malaria and other diseases a
Ensure environmental sustainability a
Develop a global partnership for development a
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Case Study - PDSA

• Care Project
• HIV/AIDS
• Minesite
• Local Communities
• Rural Communities
• Home Based Care
• Mining Outreach Partnership (missed opportunity)
• School Feeding Project
• Environmental Programs

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PDSA the MDGs
Millennium Development Goals PDSA
Eradicate extreme poverty and hunger Direct
Achieve universal primary education Direct
Promote gender equality and empower women Direct
Reduce child mortality Indirect
Improve maternal health Indirect
Combat HIV/AIDS, malaria and other diseases Direct
Ensure environmental sustainability Direct
Develop a global partnership for development Direct
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Moving Forward

• Extractive industries, ODA community, Development
  interests share common social investment
  objectives (MDGs)
• Little history of collaboration more history of
  confrontation
• Stovepipe pursuit of common interests minimal
  collaboration
• Extractive sector as an Oasis of Capacity
• Tremendous opportunity for synergy and enhanced
  investment effectiveness (ROI)
• Need to consciously focus on developing
  collaboration mechanisms to bring together the
  international private sector and ODA/Development
  community around MDG types of activities

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Summary

• Extractive Sector and the MDGS
• Case Study
• Moving Forward the need to collaborate

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Conclusion

• Systematic collaboration between the Extractive
  Sector, ODA Agencies and the development
  community will enhance progress on the MDGs

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Questions Discussion