Corporate Responsibility

Guardsmen and its contractors take all reasonable factors into consideration including environmental, neighbouring communities, local contractors, cooperative exploration engagements and information exchange in the process of doing its business.

Corporate Social Responsibility ("CSR") means that a company's business model should be socially responsible and environmentally sustainable. By socially responsible it means that the company's activities should actively take into consideration benefit to the society in which it operates while obtaining the goals of the shareholders and by environmentally sustainable it means that the activities of the company should not harm the environment. 

Increasingly, corporations are motivated to become more socially responsible because their most important stakeholders expect them to understand and address the social and community issues that are relevant to them. Understanding what causes are important to employees is usually the first priority because of the many interrelated business benefits that can be derived from increased employee engagement (i.e. more loyalty, improved recruitment, increased retention, higher productivity, and so on). Key external stakeholders include customers, consumers, investors (particularly institutional investors), communities in the areas where the corporation operates its facilities, regulators, academics, and the media.

A premise of corporate behaviour was that a corporation's purpose is to maximize returns to its shareholders and since only people can have social responsibilities, corporations are only responsible to their shareholders and not to society as a whole. It is true that if the economic activity of a corporation is significant it provides those who invest in it or work for it with the means to individually affect socially good works.  However, the activity of the corporation needs to address all of the costs involved with its operation and not simply those easily quantifiable.  This is where awareness of environmental effect and engagement of skilled local trades is a valid step in corporate social responsibility and one aspect of how PPM works its business interests. 

Of interest in the discussion however is the argument that corporations should obey the laws of the countries within which they work, but corporations have no other obligation to society. Some people perceive CSR as in-congruent with the very nature and purpose of business, and indeed a hindrance to free trade. Those who assert that CSR is contrasting with capitalism and are in favor of the free market argue that improvements in health, longevity and/or infant mortality have been created by economic growth attributed to free enterprise.  This premise has some basis but often in practise does not take all of the real costs and effects of the business into the equation.