Corporate Responsibility of Mining Companies: Mechanisms of Interaction with Stakeholders in Projects Implementation
Corporate Responsibility of Mining Companies: Mechanisms of Interaction with Stakeholders in Projects Implementation

Summary/Abstract: In resource producing countries, mining companies make a significant contribution to GDP and bring large tax revenues, along with a negative impact on workers due to a number of unfavorable factors, the need to compensate for this impact, and a high anthropogenic load on the environment. Effective communication of stakeholders is a key element in the strategy and tools of interaction with implementing the policy of corporate social responsibility (CSR). The study aims to prove the need for the implementation of a proactive strategy in managing CSR, i.e. the development strategies of a mining company that ensures effective interaction with stakeholders. The methods applied in the study include the analysis of the conditions and level of CSR development in large mining companies of the sectors that are most important for the national economy and that ensure energy, economic and food security. The scientific novelty of the research includes a methodology for assessing the CSR development in mining companies, which in turn allowed determining types of CSR strategies (anti-crisis, reactive and proactive); we also grounded the necessity of moving to a proactive strategy of CSR management in the mining companies as it enables a more effective interaction with stakeholders when implementing large projects.

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