The Social License to Operate as a Tool to Promote Sustainability and Social Responsibility in Mining Industry: Case Study of Parauapebas and Canaã dos Carajás (Pará, Brazil)

The impression that business enterprises have some duties toward society beyond that of making profits for the owners has been around for centuries, and it is still, today, at the core of the business ethics debate. The social responsibility for a business is to use its resources and engage in activities designed to increase its profits so long as it stays within the rules of the game, appealing in open and free competition without dishonesty or fraud. In order to effectively communicate CSR, corporations should be transparent, use third-party verification, remember the workers, explain their metrics, and be proactive. The benefits of CSR are corporate reputation and enhanced brand image, earning and maintaining social license to operate, establishing reputation with investors, reducing and managing business risks, competing for access to resources, attracting and keeping employees, maintaining employee morale and productivity, meeting changing stakeholder expectations, and eventually improving the bottom line. This chapter explores corporate social responsibility.

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Social license to operate: a case study from a Brazilian mining industry

Latin American J of Management for Sustainable Development ◽

10.1504/lajmsd.2016.078622 ◽

2016 ◽

Vol 3 (1) ◽

pp. 19 ◽

Cited By ~ 4

Author(s):

Ana Lúcia Frezzatti Santiago ◽

Jacques Demajorovic

Keyword(s):

Mining Industry ◽

Social License To Operate ◽

Social License

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A Systems-Based Conceptual Framework for Assessing the Determinants of a Social License to Operate in the Mining Industry

Environmental Management ◽

10.1007/s00267-013-0221-7 ◽

2013 ◽

Vol 53 (3) ◽

pp. 672-689 ◽

Cited By ~ 56

Author(s):

Jason Prno ◽

D. Scott Slocombe

Keyword(s):

Conceptual Framework ◽

Mining Industry ◽

Social License To Operate ◽

Social License

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Corporate social responsibility, social and financial performance: The case study of the loan appraisal process of the Rwanda Development Bank

Corporate Ownership and Control ◽

10.22495/cocv15i3art4 ◽

2018 ◽

Vol 15 (3) ◽

pp. 47-56

Author(s):

Gianfranco A. Vento ◽

Helen Chiappini ◽

Giuseppe Lia

Keyword(s):

Corporate Social Responsibility ◽

Social Responsibility ◽

Financial Stability ◽

Development Bank ◽

Social Mission ◽

Appraisal Process ◽

The Social ◽

Development Banks ◽

Corporate Social

Development banks play an active role in smoothing growth of world’s disadvantaged areas. The social mission of development banks requires that they pay attention to corporate social responsibility (CSR) and to the social outcome of financing activities. However, like any other financial institution, they must consider the business sustainability and the financial stability over time. Thus, a comprehensive loan appraisal process should include financial and social aspects. Literature does not properly investigate development banks loan appraisal process, thus the aim of this paper is to contribute to this stream of literature, analysing how development banks can include the evaluation of social and environmental variables within their loan appraisal process. For the purpose of the research, we employed a case study of the Rwanda Development Bank (BRD). The BRD loan appraisal process combines the evaluation of typical aspects of corporate social responsibility – like the firms or projects compliance to health and safety regulations or the implementation of the code of ethics including diversity policies – with the evaluation of social and environmental impact, as well with financial aspects. The BRD social impact assessment is also valuable because it follows the criteria of proportionality of loans evaluation, balancing completeness of information with the cost of the assessment.

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