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The Stakeholder Engagement Manual Volume 2 - AccountAbility

The Stakeholder Engagement Manual Volume 2 - AccountAbility

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Analyse and Plan the <strong>Engagement</strong><br />

P2: SETTING STRATEGIC OBJECTIVES FOR ENGAGEMENT<br />

SUMMARY TEMPLATE T2:<br />

SETTING STRATEGIC ENGAGEMENT OBJECTIVES*<br />

(This is partly fi lled in to match the example business objectives given above:)<br />

What are our external drivers for stakeholder<br />

engagement?<br />

Examples:<br />

Complex and dynamic development of markets<br />

in region x.<br />

Changing customer expectations regarding<br />

responsible products and services.<br />

Importance of maintaining ‘licence to operate’<br />

Important opportunities in developing markets<br />

Increased regulation of products and services<br />

Decreased staff morale and negative media<br />

attention because of site closures.<br />

What are the risks of not engaging?<br />

What benefi ts can we gain from stakeholder<br />

engagement?<br />

Examples:<br />

Understand the market and fi nd partners<br />

important to be successful in region X<br />

Increased understanding of expectations and<br />

requirements<br />

Securing the licence to operate<br />

Identifi cation and realisation of opportunities<br />

Improved anticipation of and infl uence on<br />

regulatory developments<br />

Improved staff morale, more welcoming<br />

communities for new sites.<br />

Examples:<br />

Making the wrong development projections and failing to establish the relationships that<br />

are required for success in the market of region X.<br />

Failure to meet customers expectations regarding responsible products and services.<br />

Losing the licence to operate in host countries.<br />

Failure to make use of opportunities in and help in the development of developing countries.<br />

Failure of our products and services or research and development activities to correspond<br />

with regulatory developments.<br />

Less attractiveness as an employer and increasingly unwelcoming communities.<br />

Strategic objectives of engagement:<br />

*electronic version downloadable at www.accountability.org.uk<br />

Examples:<br />

Learn and understand long-term trends in the behaviour of stakeholders that shape the<br />

market in region X.<br />

Develop relationships that are key to success in region X.<br />

To understand customers’ expectations regarding the responsible production of goods.<br />

To inform our decision on the social and environmental management of our supply-chain.<br />

To manage the risks to our licence to operate in our host countries.<br />

To partner with those stakeholders for the development of and success in new markets in<br />

developing countries.<br />

To be informed of and involved in the shaping of current and potential regulatory<br />

developments regarding our products and services.<br />

To work with relevant stakeholders in understanding and mitigating socio-economic<br />

impacts of site closures.<br />

To enhance our reputation for responsible employment and site-management practices.

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