CSR

1
CSR Good Business Sense

• Minerals 2003 Conference
• Brussels

Shaun Stewart
2
CSR AND MINERALS

• The sustainability imperative
• The economic foundation
• No magic bullet
• No one size fits all
• Immovable and long term nature of mining/mineral
  extraction

3
CSR AND THE BUSINESS CASE

• The licence to operate
• Access to resources
• Access to markets
• Access to capital
• Supply chain engagement
• Less business risk

4
CSR AND COMPETITIVENESS

• Eco-efficiency, cost and resource savings
• Enhanced relationships and partnerships
• Local community support
• Stable, safe and healthy workforce
• Lower recruitment costs
• Lower absenteeism
• Permitting and regulator support
• Reputation and brand improvement

5
CSR- EMPLOYEES AND THE COMMUNITY

• Key employee involvement
• Motivation and personal satisfaction
• Efficiency and new skills/competencies
• Local reputation and pride
• Enhance the licence to operate
• Promotion of sustainable communities
• Help regenerate regions
• Encourage the link between competitiveness and
  social cohesion

6
CSR AND SMEs

• CSR is for all now a SME business survival tool
• Need to respond to supply chain demands
• Closer to practical local CSR effects
• Doable SME guidance and incentives needed
• Focused CSR agenda
• No complex standards or exhaustive reporting
• CSR Europe toolkit/reporting/and self assessment
• Keep it practical

7
CSR COMPLIANCE VOLUNTARY OR MANDATORY?

• Legal minimum standards vs best practice
  development
• Encouraging rather than forcing best practice
• European CSR promotion framework
• Encouraging best practice
• Encouraging common approach to principles and
  tools
• The regulatory burden on SMEs
• Compliance plus
• Minimum legal CSR standards
• Incentives for best practice
• Embedded CSR policy and culture are now essential
  to business success