Drive Growth Through Sustainable Business Practices (Collection)

4. Stakeholder Interests and Influences and the Social License to Operate

As suggested in the previous chapters, the expectations of a number of parties and constituencies regarding appropriate corporate ES&G behaviors have evolved considerably during the past few decades. New expectations concerning particular issues continue to emerge periodically. This chapter begins with a discussion of how leading companies are choosing to define their relationship with the communities in which they operate—the concept of the social license to operate. The chapter continues by identifying the major types of constituencies involved in the continuing debate about corporate ES&G behaviors and describes their influence at a general level. The chapter concludes ...