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Author Giamporcaro-Sauni̐Μưere, St̐Μưephanie, author

Title Lonmin Plc : mining and responsible investment : dangerous liaisons? / Stephanie Giamporcaro (Graduate School of Business, University of Cape Town, Cape Town, South Africa), and Marilize Putter (Graduate School of Business, University of Cape Town, Cape Town, South Africa)
Published Bingley, U.K. : Emerald Publishing Limited, 2018
Μ̐ư2017
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Emerald Emerging Markets    View Resource Record  

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Description 1 online resource
Series Emerging markets case studies, 2045-0621
Summary The case is set on 14 November 2012 when the protagonist, Hilde Svensson, head of equity at Scandinavia Bank, a global asset manager in charge of managing the responsible equity portfolio of Scandinavia Pension Fund (SPF) - a responsible institutional investor - arrives for a visit of Lonmin's platinum mine facilities in the Rustenburg area of South Africa (SA). The visit has been arranged for a group of Principle for Responsible Investment (PRI) signatories in the aftermath of the Marikana tragedy, which took place on 16 August 2012. Hilde Svensson has been requested by SPF to assess the Lonmin situation on site in order to make a decision on what to do with the Lonmin stock, where SPF is the third largest shareholder and rather heavily exposed with around 4%-6% total shareholding in Lonmin Plc.The case deals with the various complexities faced by responsible investors and illustrates the difficulties in conducting an Environment, Social and Governance (ESG) analysis as part of an integrated financial analysis. The case is set in South Africa, an emerging market economy, although the head office of the company (Lonmin Plc) is based in the UK. The distance between management and operations provides further depth as it allows students to consider the practicality of such an arrangement within an already complex social setup. This is further supported by the protagonist and her team also being non-South African, to illustrate the various challenges presented when international responsible investors do not necessarily have the full contextual background they will need to understand the conundrum and risks at hand
Notes Originally published in Giamporcaro, S. & Putter, M. (2017). Lonmin Plc: Mining and responsible investment - dangerous liaisons? 2017-3. Cape Town, South Africa: Graduate School of Business, University of Cape Town
Subject Social responsibility of business -- South Africa -- Case studies.
Investments -- Moral and ethical aspects -- South Africa -- Case studies.
Industrial relations -- South Africa -- Case studies.
Mineral industries.
Genre/Form Case studies.
Form Electronic book
Author Putter, Marilize, author