PROCESS FLOW

The introduction of the Human Wealth Creation Index (HWCI) for mining, industrial, and investment corporations and communities on a pilot basis follows a structured, project-type selection process. It begins with identifying investments that are planned, in progress, or already executed, aligning with the HWCI’s core pillars. A pilot project approach allows for a focused implementation, demonstrating the HWCI’s potential to enhance transparency, accountability, and long-term value within community relationships.

APPROACH FOR STAKEHOLDERS

To implement a pilot or full-scale project for the Human Wealth Creation Index (HWCI) at a mining, industrial and investment corporation or for a community organisation, some of the key methodologies that will be applied are:

  1. Data Collection and Management: Gather impact data through traceable surveys, direct feedback, and visual content. Ensure data is comprehensive, covering metrics relevant to local stakeholders such as beneficiaries, community members, suppliers, and employees.
  2. Stakeholder Engagement and Communication: Establish two-way communication channels with all stakeholder groups—including beneficiaries, students, employees, and community members—to promote transparency and facilitate continuous feedback loops. This engagement builds trust and accountability.
  3. On-site video production of a community or corporate short film consisting of 3 phases:
    • Pre-Production Phase: Define video purpose, create shoot schedule, confirm logistics, and develop shot list and storyboard.
    • Production Phase: Conduct on-location or in-studio shoots, capture interviews and B-roll footage, and manage equipment and lighting.
    • Post-Production Phase: Ingest footage, review and select interviews and B-roll, edit and assemble the video, and perform final edits based on client feedback.
  4. Tracking: Use the Index to measure contributions beyond standard ESG/CSR metrics, focusing on sustainable wealth creation and social impact. Track the direct and indirect economic benefits to communities, emphasising improvements and development.
  5. Feedback-Driven Improvement: Leverage the feedback collected from all stakeholders to refine processes and address concerns in real time. This enables initiative-taking risk management and continuous performance improvement over the long term.
  6. Transparency and Visual Reporting: Present data and impact visually to enhance understanding and accessibility for all stakeholders. Visual reports provide a clear, transparent view of progress, sustainability efforts, and wealth creation.
  7. Post-Funding Accountability: Monitor outcomes and maintain communication channels beyond the initial funding stage to ensure ongoing support, risk mitigation, and alignment with community and corporate goals.