Below are Deloitte’s tips on how to balance competing interests:
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Create a shared vision of what the future will look like and build deep relationships;
- Devise sustainability reports and come up with new mobile methods to engage with global workers in real time;
- Better understand community concerns and how you are perceived on social networks;
- Spearhead community outreach initiatives and foster dialogues;
- Engage in means of official charitable giving and manage social portfolios; and,
- Consult with stakeholders and plan facility closures well.
7) Golden opportunity for long-term resource capture
Wood Mackenzie says there will be a window of opportunity to capture high-impact acreage and discover resource opportunities.“A big unknown is how much and for how long costs will fall – many companies will hold on expensive frontier drilling in anticipation that lower drilling and appraisal costs could materially improve full-cycle economics.”