How positive community impact is good for business

Terry Nelidov, managing director of the Erb Institute for Sustainable Business, describes to Ian Welsh trends he sees in how companies approach their social licence to operate, particularly in the extractive sector. He argues that companies now see this as essential given their businesses will struggle to cope with having facilities that are rendered un-operational because of local disputes – at a potential cost of millions of dollars. They also discuss how the sustainable development goals are driving the agenda for business sustainability.