Great expectations: corporate social responsibility and the extractive industries

Abstract

Exploring two hotly contested issues, corporate social responsibility (CSR) and the extractive industries, this report will demonstrate to a general reading audience the necessity of CSR as a business practice. The report finds that, given pressures from globalization and stakeholders, CSR is no longer an optional practice in the extractive industries but a business imperative. In general, why is CSR an important practice for businesses to adopt? In the extractive industries, what distinguishing CSR issues do they face, and how is CSR being propelled forwards in these industries? This report explores these questions and offers recommendations for policymakers and extractive companies on how to ensure CSR is implemented in a way that meets society’s great expectations.