Corporate Social Responsibility Challenges in the Extractive IndustryExtractive industries: A Summary

Steven Kayambazinthu Msosa

A chapter in Corporate Social Responsibility in Developing Countries, 2023, pp 281-287 from Springer

Abstract: Abstract The concept of corporate social responsibility is of the utmost importance when developing relationships between businesses and the communities in which they are based. By engaging in corporate social responsibility (CSR) activities, businesses and the communities in their immediate neighbourhood can foster an environment conducive to peaceful coexistence. The need for CSR has been felt during the COVID-19 pandemic. The COVID-19 outbreak has presented a unique opportunity for governments and mining companies to rethink their priorities for achieving their continent’s socioeconomic goals. The conventional approach is out of the question. Before the coronavirus pandemic, there had been much violence, greed, inequality, exploitation, and tyranny. Today, there is a shared obligation between governments and mining companies to learn from the industry’s past mistakes and create a new “normal” that puts the safety of workers and the public first. Now, more than ever, countries need to do bigger and deeper reforms to build fast-growing economies that everyone can participate in. Like any other business, mining firms are responsible for addressing the human rights and environmental concerns of their employees and the communities in which they are based and operate. This includes incorporating nonexploitative practices into their business models. Therefore, this chapter summarises the corporate social responsibility challenges in the extractive industry.

Keywords: Mining; CSR; Communities; Employees; COVID-19 pandemic (search for similar items in EconPapers)
Date: 2023
References: Add references at CitEc
Citations:

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_18

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

DOI: 10.1007/978-3-031-27512-8_18

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 ().