Corporate social responsibility of mining industries
International Journal of Law and Management
ISSN: 1754-243X
Article publication date: 14 September 2015
Abstract
Purpose
This paper aims to examine the community development approaches of large-scale mining companies, with particular reference to how they may engender community dependency.
Design/methodology/approach
The paper begins with a review of corporate social responsibility (CSR) in the mining industry, corporate community initiatives and the problem of mining dependency at a national, regional and local levels.
Findings
It outlines some of the reasons why less-developed countries (LDCs) experience under-development and detrimental effects as a result of their linkages with industrialized countries. LDCs are not able to take advantage of advanced technology and management skills due to being relatively poor in capital and skills, and foreign technologies compete unfairly with and destroy local production techniques, creating a pool of unemployable “marginalized” people. Holder’s of investments in LDCs demand annual returns for continued support – profits are taken out of the country or guaranteed by tax concessions. Unwillingness of foreign firms to train local people to take over management positions.
Originality/value
This paper explores how the need to address sustainability issues has affected communities, and whether community development initiatives have been effective in contributing to more sustainable communities.
Keywords
Citation
Sharma, D. and Bhatnagar, P. (2015), "Corporate social responsibility of mining industries", International Journal of Law and Management, Vol. 57 No. 5, pp. 367-372. https://doi.org/10.1108/IJLMA-03-2014-0022
Publisher
:Emerald Group Publishing Limited
Copyright © 2015, Emerald Group Publishing Limited