STRATEGIC COMMUNITY INVESTMENT

Discussion led by Vimaljit Kaur, Consultant at MCRB (January 2015)

What is Strategic Community Investment ? •  According to the IFC, Strategic Community Investment involves 

“voluntary contributions or actions by companies to help communities in their areas of operation address their development priorities, and take advantage of opportunities created by private investment, in ways that are sustainable and support business objectives”. 

What Strategic Community Investment is NOT

• Strategic Community Investment is NOT and should not be confused with a company’s obligation to mitigate or compensate local communities for environmental and social impacts caused by the project. These issues are addressed separately in IFC’s environmental and social impact performance standards. 

Examples of Community Investment Linked to Business Competencies and ResourcesSource: IFC (2010), Strategic Community Investment: A Good Practice Handbook for Companies Doing Business in Emerging Markets, Pg21

What would you like to see as strategic community investment in your community? • ANSWERS FROM THE FLOOR

Moving on to Session 3 – Case Studies