ENVIRONMENTALLY RESPONSIBLE MINING: BENEFITS AND LIMITATIONS OF COMPLIANCE

Abstract

This essay seeks to answer the following question: is Environmental Corporate Compliance an effective tool, in the Brazilian mining industry, for the prevention of environmental damages? After the recent disasters in Mariana and Brumadinho, the evident need is to find preventive and sustainable methods that can ensure efficient compliance. Environmental Compliance is an international trend, being required and preferred by the financial institutions and stakeholders and aligning with the new needs of the mining sector, which strives for high profits and improving its reputation, previously affected by the negative impacts on the environment. Using the hypothetical-deductive method, this paper aims to confirm the initial hypothesis—which is that companies benefit from environmental corporate compliance.