Definition : Social license to operate

Social license to operate refers to the level of acceptance and support a company or organization has from the community and stakeholders in which it operates. It is not a legal requirement, but rather a social contract that allows a company to conduct its activities in a responsible and sustainable manner. This includes taking into consideration the concerns and needs of the local community, respecting human rights, and being transparent and accountable in its operations. A strong social license to operate is essential for a company to maintain its reputation, build trust, and ultimately, be successful in the long term.

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