MNE Risks and Corporate Responsibility

519 Words3 Pages
Extractive industry has specific nature. They involve some environmental damages which can be of long term. Metal mining for example: this industry involves some highly poisonous and harmful substances. Oil and gas also involve high amount of environmental risk such as oil spills and gas flaring. Besides ecological risks, social features should be taken into consideration such as the relationship with MNEs, local community and the government. In some host countries, MNEs connection has been professed for contributing to potential negativity that could have an adverse impact on the human rights situation. As a response, MNEs disagree and demonstrate themselves in the formula of CSR policy to be able to make a balance of the community demands, environmental protection and profit known as the triple bottom line. A survey made on the mining enterprises concluded that 48 % of the report focuses on the health social and environment, 30% for sustainability, 13% for environment and social, and 9% for social aspects. To be able to cope with the encounter occurring in which MNEs are managing, ...
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