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Creating shared value using materiality analysis: Strategies from the mining industry

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  • Cesar Saenz

Abstract

Materiality reflects an organization's significant social, economic, and environmental impacts, together with their influence on stakeholders' assessments and decisions. The Global Reporting Initiative's G4 Guidelines describe a four‐step process for an organization to follow to determine the specific content to be included in its social responsibility report. However, there are no recommendations regarding what types of strategies should be used for each social issue depending on their materiality. The main aims of this paper are to explain the material issues and to identify what creating shared value (CSV) strategies can be applied to address each social issue according to a materiality analysis. For this purpose, a sample of 27 mining companies is obtained. Based on secondary sources, a content analysis is prepared. The resulting framework provides CSV theory with a guide to what CSV strategy is recommended according to the location of each social issue in the materiality matrix.

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  • Cesar Saenz, 2019. "Creating shared value using materiality analysis: Strategies from the mining industry," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 26(6), pages 1351-1360, November.
    • Handle: RePEc:wly:corsem:v:26:y:2019:i:6:p:1351-1360
    DOI: 10.1002/csr.1751
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    1. Saenz, Cesar, 2021. "The relationship between corporate social responsibility and the social licence to operate: A case study in Peru," Resources Policy, Elsevier, vol. 74(C).
    2. Bianca Alves Almeida Machado & Lívia Cristina Pinto Dias & Alberto Fonseca, 2021. "Transparency of materiality analysis in GRI‐based sustainability reports," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 28(2), pages 570-580, March.
    3. Manuel Ángel Fernández‐Gámez & A. Manuel Gutiérrez‐Ruiz & Rafael Becerra‐Vicario & Daniel Ruiz‐Palomo, 2020. "The impact of creating shared value on hotels online reputation," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 27(5), pages 2201-2211, September.
    4. Roberto Aprile & David Alexander & Federica Doni, 2023. "Enhancing the materiality principle in integrated reporting by adopting the General Systems Theory," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 30(5), pages 2219-2233, September.
    5. Saenz, Cesar, 2022. "Keeping up with the flow: Using multiple water strategies to earn social license to operate in the Peruvian mining industry," Resources Policy, Elsevier, vol. 77(C).
    6. Miriam Pedol & Elena Biffi & Simone Melzi, 2021. "Sustainability game," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 28(5), pages 1540-1548, September.
    7. Saenz, Cesar, 2023. "The social management canvas for the mining industry: A Peruvian case study," Resources Policy, Elsevier, vol. 85(PB).
    8. Saenz, Cesar, 2021. "Community partnership and ownership as key factors of community strategies. A Peruvian case study," Resources Policy, Elsevier, vol. 74(C).
    9. Diego Arias & Xabier Barriola & Cristian R. Loza Adaui, 2024. "Corporate purpose and early disaster response: Providing evidence of dynamic materiality?," Business Strategy and the Environment, Wiley Blackwell, vol. 33(5), pages 4598-4612, July.
    10. Wei‐jian Li & Wei Zhu & Bin Wang, 2023. "The impact of creating shared value strategy on corporate sustainable development: From resources perspective," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 30(5), pages 2362-2384, September.
    11. Cesar Saenz, 2024. "Stakeholders, social and environmental impact management as key factors of the corporate social management in the mining industry: A Peruvian case study," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 31(1), pages 697-708, January.
    12. Yining Zhou & Geoff Lamberton & Michael B. Charles, 2023. "An Explanatory Model of Materiality in Sustainability Accounting: Integrating Accountability and Stakeholder Heterogeneity," Sustainability, MDPI, vol. 15(3), pages 1-22, February.

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