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Social License

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Synonyms

Legitimacy; Social acceptance; Social license to operate

Definition

A social license to operate (SLO) refers to the perceptions of local stakeholders that a project, a company, or an industry that operates in a given area or region is socially acceptable or legitimate. Whereas a license in the legal meaning of the term refers to a document issued by an authorized legal entity, e.g., a city, a state/province, or a national government, whereby the latter grants an authorization to build, operate, or change activities with clearly established spatial, temporal, financial, or social parameters, the social license to operate refers to a more implicit form of agreement between a company and local stakeholders. As such, from the perspective of a company, a social license to operate is often evaluated as an intangible asset. Table 1summarizes representative definitions of this notion drawn from managerial literature. Two elements related to the notion of SLO need to be mentioned....

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Correspondence to Emmanuel Raufflet .

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© 2013 Springer-Verlag Berlin Heidelberg

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Raufflet, E., Baba, S., Perras, C., Delannon, N. (2013). Social License. In: Idowu, S.O., Capaldi, N., Zu, L., Gupta, A.D. (eds) Encyclopedia of Corporate Social Responsibility. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-28036-8_77

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  • DOI: https://doi.org/10.1007/978-3-642-28036-8_77

  • Publisher Name: Springer, Berlin, Heidelberg

  • Print ISBN: 978-3-642-28035-1

  • Online ISBN: 978-3-642-28036-8

  • eBook Packages: Business and Economics

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