A New Purpose for Oil and Gas and Mining Sectors

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A New Purpose for Oil and Gas and Mining Sectors

Extractives companies benefit when they tie business success to social good.
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Extracting with Purpose: new study on creating #sharedvalue in #oilandgas #mining http://bit.ly/1w3CBNu @FSGTweets @SVInitiative


New research finds a clear business case for the extractives sectors to improve the communities and countries in which they operate.

Monday, October 27, 2014 - 9:00am

CONTENT: Article

Oil and gas and mining companies operate in some of the most underdeveloped regions on earth. Meanwhile, the extractives sectors present an opportunity for social change on a massive scale: Five of the world’s twenty biggest companies operate in these sectors, and they lose billions each year to strife in host countries and communities.

Extracting with Purpose, a new study by the mission-driven consulting firm FSG, published with the Shared Value Initiative, provides a pathway for the extractives sector to deliver shared value—creating positive social outcomes by tying business success to the prosperity of host communities and countries. 

After extensive interviews with hundreds of individuals, the research identifies several ways to create shared value in the sector. Here are just a few of the ways innovative companies use the shared value framework:

  • Building local markets for byproducts created by extractive activity
  • Improving local workforce capabilities
  • Developing local operating environments supporting the extractives sectors


Visit http://sharedvalue.org/extractives to learn more: 

Keywords: Energy | Business & Trade | Business Ethics | CSR Reports | Climate Change / Global Warming | Climate and the environment | Community | Corporate Social Responsibility | Engagement | Environment & Climate Change | Environmental Business

CONTENT: Article