The extractives sector is key for growth and development in Latin America and the Caribbean (LAC). However, the experience of many countries and communities in the region shows that, if not appropriately managed and governed, extractives activities can give rise to human rights abuses and social conflict. Both governments and businesses are showing an increased interest in the promotion of responsible business conduct, but implementation of international standards remains comparably weak.
A new programme on responsible business conduct in Latin America and the Caribbean, implemented by the OECD, ILO, and the United Nations Office of the High Commissioner for Human Rights (OHCHR) and funded by the European Union, aims to promote sustainable and inclusive growth in the EU and LAC
adelphi is supporting this programme by providing a regional diagnostic of the extractives sector of seven Latin American countries: Argentina, Brazil, Colombia, Chile, Mexico, Panama and Peru. The regional diagnostic includes three components: an analysis of the extractive sector and in particular the due diligence landscape of each country; the identification and assessment of key risks and associated minerals in each country; and an assessment of regional dynamics and strategic recommendations on how to improve responsible business conduct practices across the target countries.