This Capstone project will examine a number of companies selected on the basis of having operations that have high environmental and social impacts on local communities as well as alleged controversies related to community impact. The companies’ community impact performance will be assessed against international laws, norms, standards and best practices and Nordea’s community impact benchmark, which provide investors and other stakeholders with key indicators and community impact management practices, against which they can compare the community impact management record, policies, performance and practices of companies. The goal would be to identify key factors explaining why controversies related to community impact occur and, in some cases, reoccur using Nordea’s community impact index and other relevant standards such as the UN Guiding Principles on Business and Human Rights (UNGP), The Corporate Human Rights Benchmark (CHRB) and the international norms and standards set by the IFC Performance Standards (IFC PS). As such, the Capstone project would take an in-depth analysis using existing indicators in practice and examine which of the indicators are more important in terms of explaining why community impact controversies occur and reoccur.
*Any reference made herein to "client" is strictly in the context of the organization's participation in the capstone project, and shall not create any other relationship between the organization with SIPA, Columbia University, the Capstone Team, the faculty instructor or any other entity.