
Oxford index identify 'best practice' for investment purposes
Study 1:
Review of Global Operations against Equator Principles and Other International Benchmark Performance Standards
Study 2:
Corporate Biodiversity Strategy
Study 3:
Corporate Biodiversity Partnership
Study 4:
Corumba Environmental Impact Assessment
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Oxford index is based in the UK and has a network of professionals on the ground around the world.
Case Studies
Role: were commissioned by the company to carry out a high-level review of its global operational management system against a suite of international benchmark performance standards. These included the Equator Principles, the financial industry’s benchmark for determining, assessing and managing social and environmental risk in project financing, the IFC’s (International Finance Corporation’s) Sector Social and Environmental Safeguard Policies, and Insight Investment’s Best Practice Principles and Standards for Managing Biodiversity.
Benefits: As a result of our advice, the company has revised its environmental and biodiversity procedures to exceed the requirements of the Equator Principles and the IFC for all of its operations worldwide.
Case Study 2:
Corporate Biodiversity Strategy
Client: Confidential Geographical scoope: Global
Background: One of the world’s leading integrated energy companies operating in the oil and gas, electricity generation and sale, petrochemicals, oilfield services construction and engineering industries and is active in around 70 countries with c76,000 employees. The company is committed to reducing the local environmental impact of operations by improving environmental performance and implementing initiatives for the conservation of biodiversity and for the recovery and reuse of resources.
Role: We were commissioned by the company to design and support a global review of their Exploration and Production’s corporate biodiversity strategy. Following a programme of consultations and workshops across key functions globally to review the company’s HSE (Health Safety and Environment) system and biodiversity, comparing its biodiversity performance against industry standards such as the EBI (Energy and Biodiversity) guidelines and the IPIECA-OGP (International Petroleum Industry Environmental Conservation Association and The International Association of Oil and Gas Producers) biodiversity tools and financial benchmarks.
Role: We provided the company with a framework and process for developing a world-class model for managing the biodiversity risks and impacts of its business.
Case Study 3:
Corporate Biodiversity Partnership
Client: Confidential Geographical scoope: Global
Background: In 2007 our client managed 36,900 square kilometres of land, excluding its exploration leases. In exploration and gaining access to land, the company recognizes the importance of biodiversity and of the views of those with an interest in the lease areas as well as the wider environmental and social impacts of their activities.
Role: We were commissioned by the company to assist in exploring, building and managing a suite of strategic partnerships with leading international conservation agencies. From 1998 to 2005 we facilitated and coordinated a major partnership between the company and Fauna and Flora International. The aim of the partnership was to improve understanding of the links between mining-related sustainable economic development and biodiversity issues from a social and environmental perspective.
Benefits: We provided the company with the basis for a world-class corporate biodiversity management plan based on access to leading-edge corporate responsibility thinking and practice.
Case Study 4:
Corumba Environmental Impact Assessment
Client: Confidential Geographical scoope: Brazil
Background: our client owns a high grade iron ore operation in South West Brazil. The company is in the process of studying an expansion to 10 million tonnes annual production. The plans include a number of new features including a smelting operation, a new dry-ore plant and new river harbour arrangements.
Role: We were commissioned by the company to carry out an assessment of the ecological impacts of commissioning a smelting operation at the site. Being a relatively remote and landlocked location, such an operation would require a local power source fuelled either by locally produced biomass or imported fossil fuels transported by river. In assessing the case for going ahead with the smelter, we assisted the company in understanding the environmental and social implications of each fuel option.
Benefits: We provided the company with the basis for selecting the most cost effective and sustainable option for ore processing.
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