Canada updates its CSR strategy for Canadian extractive sector abroad

The Government of Canada has published an updated Corporate Social Responsibility (CSR) strategy for Canadian companies operating in the extractive sector abroad. Of note, where host country CSR requirements differ from the international standards listed below, the Government of Canada expects Canadian companies to meet the higher, more rigorous standard. The international standards referred to in the strategy include, among others:

– the International Finance Corporation’s Environmental and Social Performance Standards,

– the United Nations’ Voluntary Principles on Security and Human Rights, and

– the OECD Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas.

Learn more about the government’s strategy.

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