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Best practices for Impact Benefit Agreements

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  • Cascadden, Maggie
  • Gunton, Thomas
  • Rutherford, Murray

Abstract

Impact benefit agreements (IBAs) are an increasingly common tool in resource development. However, the effectiveness of IBAs in achieving community and development objectives can vary widely depending on the negotiating process, the components of the IBA, and implementation and management of the IBA. This paper provides a comprehensive best practices framework for developing and managing IBAs from the perspective of impacted communities, based on a synthesis of recommendations from academic, industry, governmental, and non-governmental organization literature. The best practices are presented in a three-tier model comprised of 10 general best practice criteria, 44 sub-criteria and 89 indicators. The criteria are presented in the form of a checklist that can be used to guide the negotiation, implementation and management of IBAs and to conduct ex post IBA evaluations. While the best practices have been developed from the perspective of impacted communities to achieve better IBA outcomes, these best practices will also be helpful to academics and others who want to evaluate IBAs, and to resource developers who are interested in negotiating effective IBAs with their community partners.

Suggested Citation

  • Cascadden, Maggie & Gunton, Thomas & Rutherford, Murray, 2021. "Best practices for Impact Benefit Agreements," Resources Policy, Elsevier, vol. 70(C).
  • Handle: RePEc:eee:jrpoli:v:70:y:2021:i:c:s0301420720309521
    DOI: 10.1016/j.resourpol.2020.101921
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    References listed on IDEAS

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    2. Craik, Neil & Gardner, Holly & McCarthy, Daniel, 2017. "Indigenous – corporate private governance and legitimacy: Lessons learned from impact and benefit agreements," Resources Policy, Elsevier, vol. 52(C), pages 379-388.
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    Cited by:

    1. Blesia, Jhon Urasti & Dixon, Keith & Lord, Beverley Rae, 2023. "Indigenous experiences and perspectives on a mining corporation's community relations and development activities," Resources Policy, Elsevier, vol. 80(C).
    2. Gunton, Thomas & Werker, Eric & Markey, Sean, 2021. "Community benefit agreements and natural resource development: Achieving better outcomes," Resources Policy, Elsevier, vol. 73(C).
    3. Manero, Ana & Taylor, Kat & Nikolakis, William & Adamowicz, Wiktor & Marshall, Virginia & Spencer-Cotton, Alaya & Nguyen, Mai & Grafton, R. Quentin, 2022. "A systematic literature review of non-market valuation of Indigenous peoples’ values: Current knowledge, best-practice and framing questions for future research," Ecosystem Services, Elsevier, vol. 54(C).
    4. Kotilainen, Juha M. & Peltonen, Lasse & Reinikainen, Kalle, 2022. "Community Benefit Agreements in the Nordic mining context: Local opportunities for collaboration in Sodankylä, Finland," Resources Policy, Elsevier, vol. 79(C).

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