This intervention forms part of a much broader and ongoing engagement with the company on all ESG matters through the ESG Committee to the Board that CDC established, jointly with other investors, and to which lenders are also invited as observers. Social licence to operate was identified as a critical ESG and business issue early on in the investment. Company management, lenders and investors worked jointly to first build up an ESG department, including a team of community liaison officers within the company. Subsequently a terms of reference was developed to appoint an organisation to partner with the company to build social engagement capacity and processes, and to involve the community in a process of joint land use planning. CDC has approved technical assistance funding to support this process.
Separately, a need for more professional management of security was also identified. CDC and some of the lenders worked jointly to encourage the company to appoint a senior Head of Security and to recruit an international consultancy to provide professional security training including human rights.