Discussion led by Vimaljit Kaur, Consultant at MCRB, at a “Multi-Stakeholder Workshop on Community Engagement in the Extractive Industries” in Yangon on 27/28 January 2015, convened by the Myanmar Centre for Responsible Business (MCRB) to discuss international best practice in strategic community investment and engagement, including how to handle grievances.

1. STRATEGIC COMMUNITY
INVESTMENT
Discussion led by Vimaljit Kaur, Consultant at MCRB (January 2015)

2. 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”.

3. 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.

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

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

6. Moving on to Session 3 – Case Studies