Social Responsibility

April 11, 2019

“Nearly 2,000 Zambian villagers have won the right to sue mining giant Vedanta over alleged pollution, the UK Supreme Court has ruled. The landmark judgement means other communities in developing countries could seek similar redress in the UK against large multinationals.” BBC April 11, 2019 “Corporate Social Responsibility policies should not just be seen as …

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April 6, 2019

“More broadly, it may tarnish the vogue for a type of investing that promises people they can do good while doing well, though some sceptics had already dismissed social impact investing as a public relations exercise for an industry with a poor image.” Financial Times April 6, 2019 “Sceptics had already dismissed social impact investing …

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April 1, 2019

Corporate social responsibility is not reputation insurance. “All their good works did not prevent Andrew Carnegie and John D. Rockefeller from being remembered as robber barons. The Sacklers are a target for protests partly because the family name appears on so many buildings, not in spite of that.” Economist April 1, 2019 “Those who decry …

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March 8, 2019

“After months of debate, the Australian Securities Exchange last week dumped a proposal to include reference to a “social licence to operate” in its updated Corporate Governance Guidelines. “Politically correct” or not, the phrase is an accurate metaphor for the reality that companies that disregard the values of the societies in which they operate run …

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October 10, 2018

“The obvious conclusion is mining professionals are happy to handle technical risks associated with the finding, mining and processing of ore but are less competent in managing their business risks and get exceptionally uncomfortable when asked to deal with soft risks around reputation and social licence,” Mining Journal Intelligence head Chris Cann said. “(M)ining professionals…get …

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