#InPrint: Managing Sustainable Development – Guidance for Extractive Companies

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IN PRINT

Title: Managing Sustainable Development – Guidance for Extractive Companies

Author: CSR Asia

Publisher: CSR Asia/Oxfam

Year of Publication: 2015

Stakeholder activism, conflict with local communities, government sanctions, legal action, and the pressure to operate right practices are some of the challenges organisations in the extractive industries consistently grapple with in their operations, yet, they strive to attain sustainable development. This all-encompassing guide offers practical guidance and direction on how extractive industries and other companies can scale these hurdles and still develop a sustainable development strategy.

The first sessions of the book tabularizes some of the International standards companies can use in addressing sustainability issues. It highlights standard frameworks for industries in general and for the extractive industries, citing issues and country-specific guidance. The Global Reporting Initiative (GRI), UN Global Compact, Initiative for Responsible Mining Assurance (IRMA), Responsible Jewelry Council, International Petroleum Industry Environmental Conservation Association (IPIECA), OECD guidelines for multinational enterprises, are some of the standards outlined. Specific issues and specific standards to combat them are also provided.

With the aid of case studies from top companies in Cambodia, Laos and Vietnam, the second session explains the modalities of these standards, the benefits of applying and how to access them. Finally, the book discusses with more case studies, practical operational challenges faced by extractive industries; as well as consent issues with communities of operation, transparency and even good governance issues, amongst others, and most important, how to surmount them using the various standards explained in previous chapters.

This guide is concise and straight to point, a great tool for any industry especially the extractives, which requires responsible operations in order to satisfy stakeholders, curb activism, increase community acceptance and satisfy international standards.

It is a day-to-day handbook for every company.

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