ENODO Global | Blog
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Blog

 

The contents of this blog highlight geopolitical, ethno-religious, and socio-cultural issues from around the world. Contributions are made by ENODO Global, Inc. and its strategic partners.

Executives have a responsibility to maximize shareholder value. In today’s operating environment, communities have the ability to decrease corporate profits through litigation, agitation, protests and violence. A 2009 Harvard study, The Costs of Conflict with Local Communities in the Extractive Industry, identified these costs and their cascading effects across industries and sectors. Increased costs are generally attributable to three main areas: lost productivity from work delays, diversion of management time to deal with conflicts, and the suspension or abandonment of projects. Lost Productivity: The Harvard study...

Jim Sisco, President of ENODO Global details how local populations have the ability to impact political risk, economic risk and even transfer risk. "Security managers within oil and gas and mineral extraction industries are feeling the pinch. They seek solutions to counter an increased number of threats including cyber intrusion and supply chain disruption. "In today’s globally interconnected world, societies are the convergent point for the majority of risks that companies face. For multinational corporations operating in frontier markets, local populations have the ability to impact...

On the sidelines of the Africa Oil and Gas Summit in London, Jim Sisco, president of ENODO Global, was interviewed for Newsbase's article "How to get along: Companies are failing to join up the dots in terms of how they get along with host communities."  Jim discussed how oil and gas companies operating in Africa should be much more aware of the possibilities of unrest from civil society and the politics of investment.  The Newsbase special report, which includes the article, can be purchased from Newsbase...