Firms should attempt to maximise profits, but if shareholders want it, there’s no reason why they can’t have other goals.
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Articles on Social licence to operate
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The reality is that companies are at risk without a social licence to operate, so why shy away from the term?
The shareholder resolution on climate change at Rio Tinto’s AGM is another indication of how much investor culture is tilting towards demanding that companies take a responsible climate stance.
Governments and energy firms will find it hard to generate the necessary public acceptance for such a controversial technology.
‘Social licence to operate’ is a term describing how much community support a project or company has. As the Northern Rivers CSG experience shows, failing to get it can have costly impacts for firms.
Horse racing is enjoyed by millions of people but there are others who have concerns over animal welfare. A social license to operate may help keep all sides happy.
The federal government seems keen to usher in a new boom in onshore gas production. But gas firms will need to tread carefully, as past experience in Queensland’s fracking heartland shows.
The latest survey of residents in coal seam gas regions reveals continuing lukewarm attitudes towards the industry.
The concept of a ‘social licence to operate’ (SLO) is not new. It has been used widely in the mining and minerals industry for some 15 years where it has generally described the informal acceptance or…
Top contributors
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Director, Melbourne Climate Futures, The University of Melbourne
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Social Scientist, CSIRO
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Professor, Western Sydney University
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Associate Professor, Monash University
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Communication Advisor, CSIRO
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Professor of Urban and Environmental Geography: School of Geosciences, University of Sydney
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Principal Research Scientist, CSIRO
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Professor of Animal Behaviour and Welfare, University of Sydney
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Social Scientist, CSIRO
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Lecturer in Anthropology, The University of Queensland
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Lecturer, School of Environment, Science and Engineering, Southern Cross University
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Professor of Economics, UNSW Sydney
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Director, Centre for Workplace Leadership, The University of Melbourne
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Professor in International Relations, Royal Holloway University of London
