Page 14 - 2021 BHP Foundation Strategy And Impact Booklet
P. 14
14 BHP Foundation Natural Resource Governance
Ambition Strategy
To harness the transformative
power of natural resource wealth
for sustainable and inclusive human
development.
Consultation Award of Production Payment Budget Citizen
& Consent Licenses & Processing of Taxes Management Services &
Processes & Contracts & Royalties & Allocation Infrastructure
Projects
Community Smart Consultation & Consent Accountable Mining From Disclosure to Development
Strengthen and scale inclusive and effective Using research, assessment and dialogue to Making disclosed natural resource data accessible
natural resource governance by improving provide a better understanding of, and find and useful to citizens to drive more informed
consultation and consent practices for the benefit solutions to address, the risks and impacts of public debate, accountability and decision-
of all stakeholders, including Indigenous peoples, corruption in the process of awarding mining making.
local communities, civil society, government, and licenses in resource-rich countries.
the private sector.
Open Contracting Leveraging Transparency Opening Extractives
in Resource-rich Countries to Reduce Corruption
Helping ensure governments of resource-rich Using research on transparency, accountability Transform the availability and use of beneficial
countries spend the benefits of natural resource and participation initiatives in the natural ownership data for effective governance in
wealth in a fair, efficient and corruption-free way resources sector to improve understanding the extractive sector, helping to end the use of
to deliver quality services and infrastructure to about what’s successful in combating corruption. anonymous companies linked to corruption and
citizens. mismanagement, by providing sustained, multi-
year support to partner countries to disclose the
ownership of extractive companies.
