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Essential measures to ensure a social licence to operate in Vancouver (Canada)

by Lily Chang
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The social license to operate (SLO) has become an essential element of a company’s long-term viability in today’s commercial environment. This license goes beyond a mere legal permit or formal document; it represents a social commitment and approval from the community and stakeholders, enabling a company to operate in a specific area.

Below, you will find the crucial steps to secure an SLO in Vancouver (Canada), the dangers linked to operating without it, and the beneficial effects its existence brings to business sustainability.

Functioning without a social license: is it feasible?

A social license to operate (SLO) is crucial for any organization striving for enduring sustainability and success. Although it may be conceivable to function without an SLO, this approach involves considerable risks and could lead to severe repercussions.

In the absence of the approval and backing from the local community, businesses expose themselves to social unrest, interruptions in operations, and harm to their reputation. These threats not only jeopardize the immediate feasibility of the project but also have the potential to compromise the company’s credibility and long-term sustainability.

Crucial elements for maintaining the social license to operate in Vancouver (Canada)

To uphold a social license to operate (SLO), firms must prioritize clear and ongoing communication with local communities and other stakeholders. This involves not just updating them on company activities and initiatives but also proactively engaging in listening to and responding to community feedback and concerns.

Transparency fosters trust and allows organizations to foresee and alleviate possible conflicts. For companies, it’s vital to showcase a sincere dedication to sustainable development and the welfare of communities by adopting responsible practices that honor both the environment and human rights.

Corporate social responsibility (CSR) serves as another vital component that surpasses mere legal requirements and centers on providing a positive impact on society. Companies ought to partake in initiatives that improve the quality of life within communities, encompassing projects related to education, healthcare, and infrastructure. CSR not only enhances a company’s reputation but also fortifies relationships with stakeholders, fostering a more conducive environment for its operations.

Collaborators in the strategy for sustainable development

Socionaut partners with companies that align with their values regarding sustainable development, aiming to bolster the success of their clients’ initiatives, foster sustainable socio-environmental impact, and create mutual value for local communities.

In need of guidance for your business? Check out Socionaut’s website

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