Earning and Maintaining Social Licence to Operate
Overview
Social Licence to Operate is a critical topic in the South African mining industry but is also an important consideration in other industries and jurisdictions. Is your business giving this the attention it deserves?
Companies have never been subject to as much scrutiny from society as they are now. In the context of global warming and societal issues, businesses need to demonstrate their contribution towards tackling key problems. ‘Business as usual’, with a sole focus on profitability, has become obsolete. Purpose-driven companies are reaping the benefits of a focus on their triple bottom line of people, planet and profit — positioning themselves for sustainable success. The time has come to focus, not on being the best in the world, but the best for the world. In other words, companies need to earn their ‘social licence to operate’ (SLO).
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