Corporate Social Responsibility
What It Is
Corporate social responsibility (CSR) is a growing concept around the world. It frequently is indistinguishable from similar concepts such as corporate sustainability, corporate sustainable development, corporate responsibility, and corporate citizenship.
CSR has no consensus definition. Many people believe it to be the private sector's way of integrating the economic, social, and environmental imperatives of their activities. From this viewpoint, CSR closely resembles the concept of sustainable development and the so-called triple bottom line.
We provide the tools and expertise that allow mining companies to document their environmental and social responsibilities. This documentation is applied to the environmental permitting of the mine and to operational compliance with permit conditions. Of equal importance is the documentation of relative importance of various components of the economic, natural, and societal environments as expressed by the values and beliefs of local residents and other stakeholders.
The Triple-Bottom Line
This term was invented by John Elkington in his 1998 book, Cannibals with Forks: The Triple Bottom Line of 21st Century Business. It represents the net profits from economic, environmental, and social activities of the public corporation during the reporting period.
As pointed out by Wayne Norman and Chris MacDonald of the Univeristy of Montreal, in Business Ethics Quarterly (April 2004), it's a nice concept but how does a company apply it in the real world?
The problem is putting a monetary value on environmental and social works in a way comparable to that put on economic activities, and equally acceptable to auditors and corporate regulators.
We quantify societal values and environmental conditions on a project-specific basis. Contact us to discuss your needs and discover if our expertise fits in your corporate vision and mission.