Socio-Economic Development plan

Challenge the practice is addressing: The Socio-Economic Development (SED) plan helps AngloAmerican (and other mining companies adopting this tool) to plan their activities so that their presence simultaneously improves the well-being of local communities. A well-planned and well-implemented SED improves social cohesion and living conditions in the area, supports civic engagement and contributes positively to locals’ overall quality of life.

Concrete practice to achieve the expected goal: 4A Socio-Economic Development (SED), Tools and Guidance Notes section provides tools and instructions on how to plan, develop and implement SED in all mining operations. According to AngloAmerican’s "Plan Do Check Act" (PDCA) management process this tool, as well as every other tool in the Social Way Toolkit, should include not only the planning and implementation phase but also post-implementation measures, monitoring, evaluation, adjusting and reporting. The toolkit provides tools such as "SED Element Priority Setting Matrix" and Template and guidance notes on thematic areas such as enterprise and workforce development, education, health & well-being, housing, water & sanitation, environment, community & citizenship and participation & engagement.

Expected impact/goal of the practice: The expected impact is to help companies to plan, implement and monitor a multifaceted SED plan that addresses social, economic, environmental and educational factors. The aim of SED is to ensure that mining operations contribute positively to the well-being of locals.

Who is the target user group of the practice/intervention or implementing the practice/intervention? Mining companies, primarily the Social Performance teams.