Abstract
Even though the concept of Corporate Social Responsibility (CSR) has been applauded for several decades, the concept of stakeholder engagement is relatively new to the Ghanaian mining sector. This study investigates the CSR process of an extractive company and examines how stakeholders are engaged in CSR. Using purposive and snowball sampling in identifying its respondents, data was gathered through interviewing 21 selected respondents from various stakeholder groups and documents such as sustainability annual reports were analyzed. It was discovered that Newmont Ahafo Mines has consistently had a prominent CSR drive in Ghana for several years and stakeholder involvement in CSR is important for implementing relevant CSR programs. Findings of this study contribute to the building of empirical reference which will serve as guidelines for management practitioners dealing with stakeholder relations and CSR in Ghana’s mining sector. Therefore, it is recommended that the mining sector put immense effort in engaging various stakeholders in their CSR initiatives.
Highlights
Pressure emanating from stakeholder groups such as nations and civil societies has directed several companies to change their policies towards achieving corporate citizenship
Nature and form of Corporate Social Responsibility (CSR) projects The study’s first objective was to identify the nature and form of CSR initiatives conducted by Newmont Ahafo Limited (NAL) within the six sampled communities
Questions were posed to management and personnel responsible for CSR operations and development projects at NAL
Summary
Pressure emanating from stakeholder groups such as nations and civil societies has directed several companies to change their policies towards achieving corporate citizenship. The global economic crises that have been witnessed in the twenty-first century have resulted in a phenomenal change in the private sector’s relationship with governments. In addition to profit making objectives, businesses have allocated resources for social investments in societies (Foss & Klein, 2018). It is no wonder that corporate social responsibility (CSR) and stakeholder engagement are continuously picking up significance in the globalized business world (Hasan, Kobeissi, Liu, & Wang, 2018). Many businesses have altered their policies and operations and integrated the idea of CSR as a way of protecting their hard earned reputation (Hasan et al, 2018)
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