What is a ‘Social Licence for Business’?
- The term ‘Social Licence for Business’ refers to a state-mandated requirement that firms act in line with their social purpose. That is to say, that firms must act to bring about appropriate social value in the course of pursuing legitimate, profit-making activities.
Where does the idea of a ‘social licence’ come from?
Why might we need a Social Licence for Business framework?
What’s the theory behind the Social Licence framework?
What are the terms of a Social Licence for Business?
A Principle-based approach?
Borg, E. (2020). The thesis of ‘doux commerce’ and the social licence to operate (2020). Business Ethics: A European Review.
Borg, E, Hooker, B. (2017). Epistemic virtues vs. ethical values in the financial services sector. Journal of Business Ethics 155: 17-27.
De-Miguel-Molina, B., Chirivella-Gonzalez, V., Garcia-Ortega, B. (2019). CEO letters: Social license to operate and community involvement in the mining industry. Business Ethics: A European Review 28: 36-55.
Joyce, S., Thomson, I., (2000). Earning a social licence to operate: Social acceptability and resource development in Latin America. The Canadian Mining and Metallurgical Bulletin 93, 49-52.
Mayer, C. (2013). Firm Commitment: Why the corporation is failing us and how to restore trust in it. Oxford: OUP.