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Crisply, the extractive industries (EI) are seen to have strong and direct social, environmental, and economic impacts. Especially as their operations, primarily in the developing world, involve the extractive companies often working directly with the most vulnerable people. As such operations dramatically alter the natural surroundings where they work, with the potential of making volatile economies even more unstable. On this account, extractive companies must be aware of the potential impacts of their activities, plan, and execute strategies that will have positive and sustainable net outcomes in the long term. For this reason, the paper aims to contribute to the research field of corporate sustainability (CS). As such, based on qualitative analysis, it outlines the key issues of sustainability, and introduces the literature and theories that brings to lamplight the paradigm shift to CS, and how they are applied in the EI. Although the implementation of sustainability in its varied forms, has led to several challenges for businesses. In this case, by providing a broader context of the historical and contemporary insights and interface of sustainable development and CS, the more narrow questions about the specific challenges of CS are tackled. As the paper illuminates how the CS strategy and implementation can curb the challenges related to the implementation. As such, bringing a topic of this nature into the research arena is relevant for the current research front on, and the development of the work of the organisation with sustainability. Since it is based on the existing literature, corroborated by the empirical analysis of the potential and challenges of CS in the EI, with the aim to provide appropriate recommendations for the way forward.
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Cite Article:
"Discerning the Substratum, Potentials, and Challenges of the Paradigm Shift to Corporate Sustainability in the Extractive Industries", International Journal of Science & Engineering Development Research (www.ijrti.org), ISSN:2455-2631, Vol.8, Issue 1, page no.220 - 234, January-2023, Available :http://www.ijrti.org/papers/IJRTI2301035.pdf
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2456-3315 | IMPACT FACTOR: 8.14 Calculated By Google Scholar| ESTD YEAR: 2016
An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 8.14 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator
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