Among global miners, 44% of executives said keeping their social licence to operate was their top concern, for the second year in a row, according to a survey by EY. The social licence is the wider acceptance of a company’s business practices by stakeholders, including the public. Businesses are facing greater scrutiny than ever before about the ethicality of their supply chains and the size of their carbon footprint, according to the report. However, firms such as Clyde Russell and Anglo American still do not have climate change specifically listed among their executives’ responsibilities, wrote Rio Tinto for Reuters.
Among global miners, 44% of executives said keeping their social licence to operate was their top concern, for the second year in a row, according to a survey by EY. The social licence is the wider acceptance of a company’s business practices by stakeholders, including the public. Businesses are facing greater scrutiny than ever before about the ethicality of their supply chains and the size of their carbon footprint, according to the report. However, firms such as Rio Tinto and Anglo American still do not have climate change specifically listed among their executives’ responsibilities, wrote Clyde Russell for Reuters.