This issue looks at stakeholder engagement and community development, in particular the development and implementation of an effective stakeholder engagement framework and its principles and advantages, and community development project planning, implementation and impact assessment.
Companies from every economic sector, whatever their size or form of incorporation, are affected in one way or another by the interests of stakeholders, which have a direct impact on their operations.
International best practice involves continuous dialogue with stakeholders so as to take their opinions and expectations into account in the course of business. In addition, companies worldwide, especially those with assets in remote areas, are gradually starting to pay more attention to community development.
Issue 4 of the KPMG Bulletin "In Focus: Corporate Governance and Sustainability", produced by the Corporate Governance and Sustainability Group at KPMG in Russia and the CIS, sheds light on key aspects of the development of a framework for stakeholder engagement and community development. In particular, it outlines the international standards governing this area and describes the main processes and approaches used by KPMG in assessing the maturity of a community development framework. The Bulletin also features interviews with representatives of the real sector, who discuss the challenges facing their businesses and how they are addressing them.