Sustainability Leadership of CSR Program Performance as Sustainable Business Strategy of PT Kaltim Prima Coal
| Main Authors: | Pessireron, Louise Gerda; School of Business and Management, Institut Teknologi Bandung, Anggoro, Yudo; School of Business and Management, Institut Teknologi Bandung |
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| Format: | Article info application/pdf eJournal |
| Bahasa: | eng |
| Terbitan: |
Proceedings of International Conference on Management in Emerging Markets (ICMEM) SBM ITB
, 2022
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| Online Access: |
https://journal.sbm.itb.ac.id/index.php/ProceedingSBMITB/article/view/4812 https://journal.sbm.itb.ac.id/index.php/ProceedingSBMITB/article/view/4812/1699 |
Daftar Isi:
- CSR in extractive industries such as coal mining business plays a very important role because the challenge is how business can be sustainable in the midst of generally negative stakeholder perceptions of mining. There has been misperception in the internal business which seen as cost center activities only. Questions may arise such as whether CSR program is closely related to business sustainability leadership. The governance is required in the implementation by looking at how its performance is managed so that business can be maintained. PT Kaltim Prima Coal, a world-class coal miner, has implemented its CSR program guided by its “More Than Mining” motto and Mine Closure Scheme aiming to achieve the Sustainable Development Goals. Based on the strategy map of its Balanced Score Card Framework in the CSR division, the effectiveness of program management becomes very significant using SROI (Social Return on Investment) method and Community Satisfaction Index and GRI for its sustainability reporting. The discussion focus on Community Involvement and Development aspect of ISO 26000, continuous improvement in the program management cycle and social innovation for sustainable economic, social and environment. CSR flagship programs which satisfy beneficiaries increase stakeholder trust and give huge impact to business’ sustainability leadership. Keywords: Business Sustainability, CSR Program Stewardship, More Than Mining, SROI