EXPERT OPINION
Example 2. BP in the United
Kingdom 3
BP provided a detailed assessment
of its socio-economic contribution to
GDP and employment in the United
Kingdom in 2015. The main figures
reflecting the company’s socio-
economic contribution are presented
below:
• BP’s total contribution to GDP
amounted to £8.7 billion, or 0.5% of
the UK’s total GDP; in other words, the
company generated £1 of every £189
in the country’s GDP. The company’s
direct contribution in 2015 amounted
to £2.7 billion.
• BP’s total contribution to
employment was 125,900 jobs, or
0.4% of all employees in the UK; in
other words, the company accounted
for 1 of every 267 employees in the
country’s economy. The company’s
direct contribution in 2015 was
17,780 jobs.
• BP paid around £1.5 billion worth of
dividends to shareholders in the UK.
How to use the assessment of the
total contribution to the economy?
It should be noted that this is primarily
an instrument of communication,
which helps mining companies:
Prove the positive contribution of
the industry or an individual company
to the country’s development based on
actual figures and facts (confirmation
of the “license to operate”)
Provide clear arguments for
negotiating state support with
government bodies, based on the
figures evidencing the company’s
contribution to regional employment,
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world monitor
payments to local budgets, support for
other industries, development of small
and medium-sized businesses, etc.
Make more informed investment
decisions on whether to increase
production, build production
facilities (for example, processing
plants or mining and processing
works), upgrade industrial waste
recycling technologies, purchase new
equipment, etc.
There are many scenarios under which
this instrument can be used. We will
mention only a few scenarios that are
most applicable to Kazakhstan, taking
into account the current economic
environment.
1. Scenario analysis of how the
contribution depends on changes
in tariffs or taxation. Changes in
the taxation of the industry may
significantly affect its performance
and, ultimately, that of other
industries, given the multi