Survey: Industry perceptions on social responsibility in Oil, Gas and Mining
Related to our recent decision to cover the 6th Annual Responsible Extractives Summit 2015 [LINK], we thought we’d bring to your attention an interesting survey by the organisers of the conference, Ethical Corporation.
It’s a survey they conducted with 249 Senior CSR Professionals in the extractives industry, free copies of which are available for download here.
The survey looks at:
• The biggest changes, challenges and opportunities the industry currently faces
• Who should be responsible for social responsibility and how is the role of CSR changing in the industry?
• Where the industry’s latest innovations have been made.
Worth a quick look. For the very short of time or lax of attention, the three key points are as follows:
1. Risk mitigation is not enough: 95% of experts believe that social performance should move beyond risk mitigation and focus on generating active support from communities (preaching to the choir here).
2. Social responsibility is everyone’s responsibility: Organisations that can embed stakeholder engagement and social performance into the business culture will benefit from heightened business benefits.
3. More needs to be done with less: Commodity price drops have impacted Oil, Gas and Mining-innovation is needed to create lean management practices and maximize social impacts with reduced budgets.
Not earth shattering perhaps, but more weight behind a growing awareness and maturity in an industry that might perhaps be beginning to understand that the need to address CSR in a serious and substantive fashion isn’t going to go away.
IMAGE: from survey report cover