A startling new survey from KPMG in Canada reveals that businesses are increasingly concerned about the financial and operational consequences of inadequate Indigenous consultation. The research highlights a growing recognition among corporate leaders that proper engagement with Indigenous communities isn't just good practice—it's essential for project success.
The High Stakes of Getting It Wrong
According to the comprehensive study, Canadian businesses are waking up to the reality that skipping or rushing Indigenous consultations can lead to:
- Significant project delays stretching months or even years
- Substantial financial losses from stalled operations
- Damaged corporate reputation and stakeholder trust
- Legal challenges that can halt projects entirely
Corporate Canada's Changing Perspective
The survey indicates a notable shift in how businesses approach Indigenous relationships. What was once seen as a regulatory hurdle is now increasingly viewed as a strategic priority. Companies are recognizing that early and meaningful engagement can actually accelerate project timelines while building valuable long-term partnerships.
"The business case for proper consultation is becoming undeniable," the report suggests. "Organizations that invest time in building genuine relationships with Indigenous communities are seeing better outcomes across the board."
Beyond Compliance: The New Business Reality
This isn't just about checking regulatory boxes. The KPMG research points to a fundamental change in how successful companies operate in Canada. Forward-thinking businesses are:
- Integrating Indigenous consultation into early project planning stages
- Developing long-term partnership strategies rather than transactional relationships
- Recognizing Indigenous knowledge as valuable input for project success
- Understanding that economic reconciliation benefits all parties involved
The message from Canada's business community is clear: ignoring proper Indigenous consultation isn't just ethically questionable—it's bad for business. As one survey respondent noted, the companies that get this right will be the ones leading Canada's economic future.
