CSR Disclosure Practices in the Zambia Mining Industry

Phiri, Obby; Mantzari, Elisavet

doi:10.1007/978-981-10-4502-8_20

Cited by 6 publications

(11 citation statements)

References 62 publications

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“…Such dependence on the mining sector for economic development gives rise to stark power asymmetries in the relationship between Zambia, as a developing country, and the foreign-owned mining companies. The limited CSR reporting is directed mainly towards “public image building” motivated by project financing purposes for those companies with a western parent company (Phiri and Mantzari, 2017). Despite CSR initiatives by mining companies, mining operations continue to have detrimental socio-economic and environmental impacts on Zambia (Christian Aid, 2015; Human Rights Watch, 2011).…”

Section: Introductionmentioning

confidence: 99%

Stakeholder interactions and corporate social responsibility (CSR) practices

Phiri

Mantzari

Gleadle

2018

AAAJ

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Purpose The purpose of this paper is to critically explore the interactions of key stakeholders and their impact upon corporate social responsibility (CSR) practices in the Zambian copper mining sector. In particular, the authors examine the power dynamics that emerge in the stakeholder interactions. Design/methodology/approach The authors analyse the stakeholder interactions based on the varying degrees of stakeholder salience and critical collaboration potential, and draw on rich evidence from 43 interviews with multiple stakeholders involved in CSR in the Zambia mining sector. Findings This paper finds stark power asymmetries in the relationship between the state, the civil society and mining companies which are exacerbated by a number of factors, including divisions within these key stakeholders themselves. Apart from power imbalances within and between stakeholders, the potential for critical collaboration at the local level is further challenged by the lack of commonly accepted social and environmental frameworks, transparency and accountability of the leadership of stakeholder groups. However, despite these power asymmetries some limited agency is possible, as civil society in particular co-opts previously dormant stakeholders to increase its own salience and, more importantly, that of the state. Originality/value This paper contributes to the literature on the key stakeholders’ interactions shaping CSR in developing countries by exploring these issues in a critical industry, the Zambian copper mining sector, on which the state economy is so heavily dependent.

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Section: Introductionmentioning

confidence: 99%

Stakeholder interactions and corporate social responsibility (CSR) practices

Phiri

Mantzari

Gleadle

2018

AAAJ

Self Cite

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“…In this trend, the study of risk, beyond its decomposition, is framed in the benefits that PF can bring for its treatment, either by reducing, mitigating, transferring or any related strategy. Exactly, it is revealed that due to its characteristics, PF serves as a bastion to accelerate performance in terms of sustainability via risk management apart from the operational or financial traditionally involved in the disbursement of resources by a borrower [65,68,81,89,92,[96][97][98][99]. What is being argued here is that more specialized funding such as PF can promote greater and faster adoption of ESG standards than other typical structures can force [90].…”

Section: Cluster Analysismentioning

confidence: 99%

“…[99] makes arguments on the role and responsibility of banks in financing mining projects in environmental matters, an area often referred to more globally as Corporate Social Responsibility (CSR) but usually relegated in this industry. Against this [65] examines the disclosure practices and the related motivation to disclose or not the CSR activities in the mining industry of Zambia, finding that the scarce disclosure that exists is aimed at building public image or for project financing purposes. Then, the disruption of the PF as a more tailor-made financing structure, and above all because of its exhaustive evaluations, is that it increases the disclosure and commitment to CSR of mining companies, especially in developing countries.…”

Section: Cluster Analysismentioning

confidence: 99%

“…The mechanism by which PF financing improves projects' sustainability profile essentially consists of the financial institutions that provide PF, mostly the IFC and members of the EQ, oblige borrowers to include human rights and sustainable development standards [65,68,81,97]. Thus, the PF mechanism, especially those supported by the IFC or another international public institution, is better than other equity schemes by leading to better compliance with standards through greater scrutiny, transparency, and exposure to investors and borrowers [81].…”

Section: Cluster Analysismentioning

confidence: 99%

“…This analysis is made by [89] especially in light of PF for its eagerness for reaching the stage without recourse, that is at operation phase. There, unlike [65,68,97] that expose PF as a vehicle towards better management and risk reduction in the socioenvironmental arena, this postulates that it could promote it by its nature (without recourse to company assets). However, it is highlighted that this desire to complete the project's construction quickly is present in any form of financing.…”

Section: Cluster Analysismentioning

confidence: 99%

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CSR Disclosure Practices in the Zambia Mining Industry

Cited by 6 publications

References 62 publications

Stakeholder interactions and corporate social responsibility (CSR) practices

Stakeholder interactions and corporate social responsibility (CSR) practices

Towards an Understanding of Project Finance in the Mining Sector in the Sustainability Context: A Scientometric Analysis

The “Six Ws” of sustainable development risks

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