The article analyses federal and regional legislative norms for the protection of the rights of indigenous peoples of the North, as well as assesses their impact on the formation of standards and the CSR (corporate social responsibility) practice in the course of a new wave of industrial development of Yakutia. In 2012—2019 various expert organizations in accordance with the law of the Republic of Sakha (Yakutia) on ethnological expertise, adopted in 2010, conducted more than 20 ethnological expert reviews. The analysis of the examinations carried out revealed methodological shortcomings in assessing the damage to the nature, environmental and social consequences. To prevent damage to the natural environment, it is necessary to create a system of public monitoring and partially delegate the powers of state and (or) corporate bodies for environmental protection to indigenous communities. The successful practice of corporate social responsibility of large companies, both regional and external, has formed the preconditions for the transition to co-management strategies, which is the best international practice. Within the framework of the new model of corporate social responsibility (CSR), business incentives should be envisaged, and the possibility of attributing the costs of implementing agreements with the region and local communities to operating costs should be provided.