- link Copy Url - [ Share on twitter ](https://twitter.com/intent/tweet?text= Blog- FSG Launches Shared Value in Extractives Research https://www.3blmedia.com/markdownify/node/38382?absolute=1&via=3blnews "link to 3 B L Media's Twitter") - [ Share on linkedin ](https://www.linkedin.com/shareArticle?mini=true&url=https://www.3blmedia.com/markdownify/node/38382?absolute=1 "link to 3 B L Media's Linkedin") - [ Share on facebook ](https://www.facebook.com/sharer/sharer.php?u=https://www.3blmedia.com/markdownify/node/38382?absolute=1 "link to 3 B L Media's Facebook") - [ email Share via email ](mailto:?subject= Blog- FSG Launches Shared Value in Extractives Research&body=ESG News from FSG https://www.3blmedia.com/markdownify/node/38382?absolute=1 "Share via email") [Responsible Business & Employee Engagement](/CSR-News/responsible-business-employee-engagement) # Blog- FSG Launches Shared Value in Extractives Research Aug 5, 2013 10:00 AM ET Campaign: [Shared Value Initiative](/news/campaign/shared-value-initiative) ![](https://3blaws.s3.amazonaws.com/styles/carousel_2x/s3/images/extractives%20jpeg.jpg) **[FSG Launches Shared Value in Extractives Research ](http://www.sharedvalue.org/groups/shared-value-initiative-community/fsg-launches-shared-value-extractives-research)** Extractives sectors companies – those in the oil and gas or metals and mining industries – add tremendous value to the world economy, producing the essential inputs for products that improve the lives of billions. They also represent some of the largest companies in the world: the sectors generated [$3.5 trillion in annual gross revenues, or around 5 percent of global GDP, in 2012](http://in.reuters.com/article/2013/04/22/indian-activists-financial-disclosure-idINDEE93L0AL20130422). Eleven of the top 20 companies in the [Forbes Global 500 list in 2013](http://money.cnn.com/magazines/fortune/global500/2013/full_list/?iid=G500_sp_full) work in the extractives sectors. While the sectors’ potential for negative environmental and social impact is undeniable, so too is their contribution to global economic growth and the development of resource-rich nations. In Nigeria, for instance, fuel exports accounted for [89% of total exports](http://data.worldbank.org/indicator/TX.VAL.FUEL.ZS.UN); in Mongolia, a single large-scale mining operation is expected to account for one third of the country’s GDP when at full production, after [$10 billion of investment in the project](http://www.economist.com/node/21543113). Effectively using the windfall generated by the industry is the key to economic growth in these countries. [**Read More** ](http://www.sharedvalue.org/groups/shared-value-initiative-community/fsg-launches-shared-value-extractives-research) Learn more about FSG's work in shared value [here](http://www.fsg.org/OurApproach/SharedValue.aspx). For inquiries related to this research, or how to get involved, please contact and visit [sharedvalue.org.](http://www.sharedvalue.org/) *The **Shared Value Initiative** is a vibrant community of practitioners driving the adoption and implementation of shared value strategies among leading companies, civil society, and government organizations. Community members are provided a wealth of opportunities to learn, engage, and connect with peers on issues of vital importance to business and social impact. **Join the shared value practitioner community at [sharedvalue.org.](http://www.sharedvalue.org/)*** [![FSG Reimagining Social Change](/sites/default/files/Clients/linkedin_logo_2.jpg)](/profiles/fsg) ### More from FSG ###### [Key Insights From Reuters Responsible Business USA 2023](/news/key-insights-reuters-responsible-business-usa-2023) May 4, 2023 11:00 AM ET ###### [Leveraging Historic Federal Investment](/news/leveraging-historic-federal-investment) Apr 11, 2023 11:00 AM ET ###### [By Staying Committed to Social Impact in Times of Uncertainty, Companies Can See Long-Term Benefit](/news/staying-committed-social-impact-times-uncertainty-companies-can-see-long-term-benefit) Apr 4, 2023 10:00 AM ET ###### [New Report Offers Actionable Recommendations for Investors to Advance Racial and Economic Equity](/news/new-report-offers-actionable-recommendations-investors-advance-racial-and-economic-equity) Mar 23, 2023 9:00 AM ET ###### [Time To Refresh Your CSR Strategy](/news/time-refresh-your-csr-strategy) Mar 22, 2023 11:00 AM ET ###### [Climate Change and People: There’s Still Time To Register!](/news/climate-change-and-people-theres-still-time-register) Dec 1, 2022 2:00 PM ET ###### [Climate Change and People: Working Toward Environmental Goals With Just Transitions](/news/climate-change-and-people-working-toward-environmental-goals-just-transitions) Nov 15, 2022 8:45 AM ET ###### [Novartis: Leadership and a Reimagined Approach to Equity](/news/novartis-leadership-and-reimagined-approach-equity) Nov 7, 2022 8:45 AM ET