Practice of Corporate Social Responsibility (CSR) in Extractives Sector in Indonesia

Yudo Anggoro (), Adita Pritasari (), Rivana Mezaya (), Dematria Pringgabayu () and Dany Muhammad Athory Ramdlany ()
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Yudo Anggoro: Institut Teknologi Bandung
Adita Pritasari: Institut Teknologi Bandung
Rivana Mezaya: Institut Teknologi Bandung
Dematria Pringgabayu: Institut Teknologi Bandung
Dany Muhammad Athory Ramdlany: Institut Teknologi Bandung

A chapter in Sovereign Wealth Funds, Local Content Policies and CSR, 2021, pp 483-497 from Springer

Abstract: Abstract Corporate social responsibility (CSR) has been receiving wide attention as this practice implies the efforts of corporations and industries to contribute to society. While the practice of CSR is expected to promote economic and social development, CSR practices in extractives sector, especially in developing countries, invites debates from stakeholders. The debates are mostly related to the negative image of the extractives sectors in harming the environment and exploiting local people. From the corporation side, debates are related to what kinds of CSR the community desires and how much money corporations for their CSR activities spend. This chapter explores the practice of CSR in the extractives sector in Indonesia, where the extractives sector has been the backbone of the economy for years. It starts with some reviews on the extractives sector and its operations in Indonesia, then the best and worst experiences in CSR practices in the extractives sector, and finally provides the main challenges that the extractives sector is facing and strategies to overcome those challenges. This chapter concludes that CSR practices in the extractives sector are sometimes performed to minimize the negative image of the industries. Often corporations perform CSR activities in order to be perceived as having good business practices by the community.

Keywords: Corporate social responsibility (CSR); Extractives sector; Indonesia; Sustainable development; Community; Developing countries (search for similar items in EconPapers)
Date: 2021
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DOI: 10.1007/978-3-030-56092-8_27

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