Sergey Sidorkin
Social and Economic Policies
IMC Montan
Sergey graduated with honors from the department of history at Chelyabinsk State University with specialization in political science; and a post-graduate course at the public policy chair of the department of philosophy at Lomonosov Moscow State University as a PhD, political sciences. Sergey has expertise in the area of strategic planning, Investor Relations, Public Relations, Risk Management.
Sergey has been working in IMC Montan since 2011 and is involved in liaison with the state authorities, market research, preparation of social and economic sections of mining project reports (risk assessment, assessment of project performance, analysis of legal and regulatory framework).
Social license in the context of ESG: practical recommendations
Today the social business license is an increasingly important asset of mining enterprises, along with government subsoil licenses and other permitting documentation. Being an informal but critically important public consent to the company’s presence and operations, a social license ensures long-term sustainability and investment attractiveness as a condition of access to enterprise development. In the ESG context, a social license reflects the actual quality of business interaction with stakeholders, showing how well the stated approaches to sustainability are supported by trust from local communities, employees, authorities, and other pressure groups. CSR, ESG and SLO/SLTO represent different management logics. CSR focuses on voluntary business initiatives. ESG acts as a framework for assessing sustainability and non-financial risk. A social license represents a level of public acceptance of a company's activities that is shaped not by reporting, but by the actual practice of relationships. Social license management should be based on up-to-date theoretical approaches to the analysis and prediction of social movements. Existing statistical models confirm that social license management requires not one-time communication measures, but systemic work to change the conditions of the social environment. In this regard, the social license should be considered not as an external image factor, but as part of an enterprise's sustainability strategy.