Mining Corporate Social Responsibility Fulfillment,Environmental Protection Input And Capital Cost

The notion of social responsibility emerged around the end of the 21 st century,forcing companies to make a profit while actively taking care of the environment and society,and striking a dynamic balance between the three.The mining sector,as a backbone of industrialization,not only supports business production and operation,as well as the daily lives of the masses,but it is also a substantial revenue source for the government,so its role in the development of social responsibility in China is self-evident.However,the seemingly continuous environmental contamination episodes in recent years demonstrate that mining companies’ performance is not encouraging.Furthermore,so the mining industry is a polluting industry,the government has made it increasingly challenging to funding business owners by restricting credit lines,raising the cost of capital for businesses,and empowering heavily polluting entrepreneurs to prioritize environmental protection and effectively assume social responsibility.Regarding that major banks regard mining enterprises’ environmental protection investments as a core measurement index of loans,which is a critical factor affecting the capital cost of enterprises,and other stockholders regard it as an important tool for evaluating corporate social responsibility performance,this study begins by reviewing relevant scholarly literature and defining the terms "social responsibility","environmental protection input" and "capital cost";After that,Zijin Mining,a large mining listed company,was chosen as the research object for specific case analysis based on the theory,in-depth analysis of how corporate social responsibility affects the cost of capital,combined with the corporate social responsibility score provided by Runling Global,and information collected from major databases.Mainly using the combination of methods of horizontal vertical analysis,the study of the fulfillment of social responsibility of mining of Zijin,the contribution of environmental protection and capital cost of the relationship,for derive the basis that the magnitude of the Zijin’s mining protection investment and its social performance are consistent,its capital cost with the improvement the performance of social responsibility shows a decline,from the trend graph shows that the scale of investment and capital cost of protection of the mining environment also show an inverse change relationship,and this document and government,business,public angles offer corresponding policy recommendations.