Business Conduct in the Mining Industry

Essay by Jackie95University, Bachelor'sA, October 2014

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Assessment question

Evaluate business conduct in the mining industry using three ethical principles of the Global Business Standards Codex.

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Business ethics are defined as the collective values of a business organisation that can be used to evaluate whether the behaviour of the collective members of the organisation are considered acceptable and appropriate (ed. Campbell 2014). Many companies in the mining industry lack incentive to promote business conduct in line with ethical standards in regards to the fundamental principles encompassed in the Global Business Standard Codex (GBSC) (Paine et al. 2005). Such principles that should be encouraged include the principle of dignity in regards to contributing to the development of local communities and also the principles of transparency and citizenship in relation to environmental concerns.

Companies in the mining sector may be motivated to contribute and improve the economic and social development of locals, respecting the dignity of Indigenous communities (Paine et al.

2005). A publication by the Australian Human Rights Commission, suggests that corporate responsibility requires the incorporation of human rights principles pertinent to a sustainable relationship between Indigenous people and mining companies, including the protection and maintenance of traditional culture. There are many corporations that strive to respect the dignity of Indigenous people through acknowledging the customary rights of and engaging with local communities to ensure that their activities positively enhance the lives of those affected by their operations (Everinghim et al. 2013). BHP Billiton is one company committed to working with local Indigenous communities by engaging frequently and openly with communities affected by their activities, and by taking the views and apprehensions of these communities into account in decision-making. The company acts diligently to avoid infringing on the rights and traditions of local communities, and has also established numerous education initiatives, such...