1. Prof. Jedrzej George Frynas
CSR and Development: A false promise?

4. Limitations of development outcomes from CSR
Country-specific issues (e.g. corruption, armed conflict) can prevent the success of CSR initiatives.
Crucially, the nature of CSR can limit developmental gains:
Corporate motives for social engagement (business case)
Failure to properly involve the beneficiaries of CSR        
No integration into a larger development plan
Focus on technical and managerial solutions – not long- term developmental needs

5. Resource curse - Macro-level effects that CSR does nothing to alleviate
Studies by the IMF and many others show that the oil and gas sector can have negative macro-level effects:
Economic distortion effects (e.g. Dutch Disease, inflation)
Political effects (governance and corruption, in particular)
Threat of armed conflicts (esp. civil war and insurgency)

6. CSR focuses too much on the top of the pyramid
Example: Shell in 2012
US$ 149 million in social investments
US$ 30 billion in net capital investment
US$ 85.1 billion in excise duties and sales taxes, US$ 21 billion in corporate taxes, and US$ 3.6 billion in royalties
Social investment
Investment as usual
Government taxes