First Peoples have released their Indigenous Rights Risk Report. The report analyses 52 US-based extractive companies and 370 oil, gas, and mining sites that are situated on or near indigenous peoples’ lands. Given findings that 92% of sites posed a medium to high risk to shareholders, the report proposes a new risk assessment tool. The report documents how conflicts or tensions between companies and indigenous communities can cause great losses. For example, one company First Peoples analyzed was Southwestern Energy. Protests by activists at one of their sites was costing them $60,000 a day.
Only 5% of the companies analyzed had an indigenous peoples policy, pointing out a serious gap for communities, companies and shareholders. The report warns that the risks of not having an indigenous peoples policy or respecting their rights are continuing to increase as more and more indigenous peoples rights are incorporated into national and international legal frameworks. At the same time, extractive industries increasingly find sites on indigenous peoples lands. The report suggests that the report can be a risk analysis tool and platform for indigenous peoples and investors to work together as shareholders to pressure companies to both respect indigenous peoples rights and maximise shareholder returns. The report is available for download in English here.
