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Resources
Beyond Voluntarism: The Changing Role of CSR
Type: |
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Reports |
Topic: |
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Corporate Social Responsibility |
Date submitted: |
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4/10/2013 |
Member: |
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Yvette Evers |
Beyond Voluntarism: The Changing Role of Corporate Social Responsibility Investments in the Extractive Resources Sector published by the Centre for Social Responsibility in Mining (CSRM) Australia.
n 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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