SIA Guidance Document

Guidance for assessing and managing social impacts

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New report 'Beyond Voluntarism
05 September 2013
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Beyond Voluntarism: The Changing Role of Corporate Social Responsibility Investments in the Extractive Resources Sector. New report published by the Centre for Social Responsibility in Mining (CSRM) Australia.

In the broadest sense, corporate social investments are initiatives undertaken, funded, or otherwise supported by companies, where the intended primary beneficiaries are communities or other external stakeholders. Examples include: donations and other contributions to civil society groups and organisations; direct funding and delivery of social programs; under-writing the cost of social infrastructure (e.g. schools, hospitals and housing), setting up foundations; and, payments to externally-controlled funds that are earmarked for social purposes (e.g. improving education and health outcomes).

Historically, much of the social investment undertaken by companies has been quasi-philanthropic, but in recent years leading resource companies have begun to use these investments more strategically to mitigate social risk, protect their corporate social licence to operate, and address growing societal expectations.

 
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Beyond Voluntarism Report Final_1.pdf
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