Analysis of trends and performance of CSR mining companies

Abstract

Concept of social responsibility has become part of the strategic management theory; interaction with stakeholders is becoming an object of control, the categories of relationship and social capital are being formed and developed, and corporate social responsibility (CSR) is morphing into corporate responsibility. This modern approach is aimed at creating a relationship of trust with stakeholders, which helps to contribute to the development of both the local community and the country, as well as to the sustainable development of both the company and the national economy. The main characteristics of mining companies operating in mineral-extracting countries are their significant contribution to GDP and tax revenues, the influence of many unfavourable factors on the workers and the need to compensate for their effects, and a high level of human impact on the environment. All this determines the importance of ensuring their sustainable development and designing a strategy and mechanisms of interaction with society based on corporate social responsibility. The purpose of the study is to justify a systematic approach to corporate responsibility management in the development strategies of mining companies. In the article examines the position of CSR in the activities of mining companies, justifies the need for the transition to a proactive approach in the field of managing corporate social responsibility of mining companies.