The social license to operate (SLO) is a term used in the business and development spheres to describe the permissions or approvals that a company or organization needs in order to operate in a certain area or country. It is often used in relation to natural resource extraction, but can also be applied to other types of businesses.
The social license to operate is not a formal legal requirement, but rather a way of measuring whether a company has the approval of the local community in which it is operating. A company that has a social license to operate is more likely to be able to continue its operations without interruption, and is less likely to face protests or other forms of opposition.
A company can lose its social license to operate if it is perceived to be operating in an unethical or irresponsible manner. For example, a company that is found to be polluting the local environment or exploiting workers is likely to lose its social license to operate.
The social license to operate is an important concept in sustainable development, as it helps to ensure that companies are taking into account the needs and concerns of the local community. It is also a key factor in building trust between companies and communities.
What is social licence NZ? In short, social licence refers to the ongoing permission granted by society to an organisation or activity to operate. This permission may be explicit, as with a legal licence, or it may be more tacit, as with general community acceptance or approval.
In New Zealand, the concept of social licence has been applied primarily to the resource extraction industries, such as mining and forestry. These industries are generally seen as having a high potential for negative environmental impacts, and so they require a high level of social licence to operate.
The social licence of an industry can be thought of as a spectrum, with complete social acceptance at one end, and complete social rejection at the other. Most industries will fall somewhere in the middle, with a degree of social licence that is conditional on certain factors, such as environmental performance.
There are a number of ways in which an industry can lose its social licence. The most obvious is through environmental damage, which can lead to public protest and calls for regulation or even an outright ban on the industry. Another way is through poor social performance, such as failing to provide adequate local employment or contributing to social problems such as crime or drug use.
It is important to note that social licence is not static, but is constantly evolving as public opinion and social norms change. An industry that has a high level of social licence today may find it under threat tomorrow if it fails to adapt to changing social norms.
What are the types of licenses?
There are two types of licenses: exclusive and nonexclusive.
An exclusive license is one in which the owner of the license has the exclusive right to use the licensed material. The owner of an exclusive license can prevent others from using the licensed material, even if they have obtained it legally.
A nonexclusive license, on the other hand, allows the licensee to use the licensed material, but does not prevent others from doing so as well. What is meant by every business has a social licence? A social license, also known as a social licence to operate, is an agreement between a company and the community in which it operates. It is a way of ensuring that the company has the permission of the community to go about its business. This can be in the form of a formal contract, or it can simply be an understanding between the two parties.
The social license is important because it allows companies to operate in an environment where they are trusted by the community. This trust is essential for the company to be able to carry out its business activities, and it also helps to build goodwill between the company and the community.
There are a number of ways in which a company can obtain a social license. One way is to consult with the community before starting any business activities. This consultation process allows the company to explain what it plans to do, and to get feedback from the community on whether or not they support the plans.
Another way to obtain a social license is to engage in community outreach activities. This can involve things like sponsoring local events, or supporting local causes. By doing this, the company can show that it is committed to the community, and that it wants to be a good neighbor.
Finally, a company can also obtain a social license by simply being a good corporate citizen. This means following all the laws and regulations that apply to businesses, and treating employees and customers fairly. If a company does all of these things, it is likely to build up a good reputation, which will give it a social license to operate. Which is correct spelling licence or license? The correct spelling is "license." How do you spell license in Australia? The spelling of "license" in Australia is the same as in the rest of the English-speaking world.