EconPapers    
Economics at your fingertips  
 

Corporate Social Responsibility Challenges in the Extractive Industry: An Introduction

Steven Kayambazinthu Msosa and Shame Mugova
Additional contact information
Shame Mugova: Birmingham City University

A chapter in Corporate Social Responsibility in Developing Countries, 2023, pp 1-14 from Springer

Abstract: Abstract The extractive industry has never been out of the crosshairs of the CSR discussion and controversy. This could be attributable, at the very least in part, to the contentious nature of many mining investments as well as the social and environmental concerns that so frequently appear to follow mining activity. The shutting down of mines and the subsequent loss of economic activity can have disastrous consequences, including the creation of environmental damage, the loss of jobs that can lead to an increase in local unemployment and other related issues, repercussions for the value of the residential property, and an impact on the infrastructure that was initially supplied by the enterprise. Heavy reliance on mining is highly connected with various socioeconomic problems, including extreme poverty, a lack of education, and inadequate medical care. These problems are also substantially correlated with heavy reliance on mining. Repressive regimes, civil wars, insurgencies, corrupt governments, and interethnic violence are all factors that have a negative effect on the operations of businesses. These issues also create obligations and liabilities for global corporations in human rights. Those who operate in the extractive industry should therefore regard the decision to join a nation and engage in commerce with a particular government to be a core worry on their list of concerns. Should multinational businesses conduct business in countries governed by authoritarian governments? Is it reasonable to draw a line between working with governments with human rights records that are merely “tough” and dealing with countries that have been called pariah regimes by the international community? If so, what exactly should that line look like? Therefore, this chapter analyzes corporate social responsibility challenges in the extractive industry.

Keywords: Extractive industry; Governments; Human rights; Employment; Mining (search for similar items in EconPapers)
Date: 2023
References: Add references at CitEc
Citations: View citations in EconPapers (1)

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:csrchp:978-3-031-27512-8_1

Ordering information: This item can be ordered from
http://www.springer.com/9783031275128

DOI: 10.1007/978-3-031-27512-8_1

Access Statistics for this chapter

More chapters in CSR, Sustainability, Ethics & Governance from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().

 
Page updated 2025-04-01
Handle: RePEc:spr:csrchp:978-3-031-27512-8_1