Over the past three decades operations of extractive industries have exponentially increased with serious impacts on forest, coastal and marine dynamics notably in services provided by these ecosystems for livelihood. The global economic crisis experienced in the 1990s and 2009 affected national economies of countries paving way to huge extractive concessions being sold and exploited a giveaway prices. There is little monitoring operations of extractive companies coupled with less control and ill adapted institutional framework to support compliance with environmental norms. IUCN has experiences approaches that will assist extractive industry to mainstreaming environmental and social aspects into their operations. With the growing concern on green economy, it is time to start sharing these experiences with the objective to build sustainable development whereby extractive industry is supportive to nature conservation and social prosperity. No doubt extractive industries significantly contribute to national economies but the question remains whether these countries poses good laws and institutional framework to reduce negative environmental impacts, best practices and good governance systems to safeguard interests of beneficiary local communities.