Which of the following best explains the 'Social
license to operate' and its relevance in ESG analysis?

Question

Accepted Answer

The informal
acceptance by society or local communities that allows a company to conduct its
business.

Answer

The legal permissions
a company must secure before launching any social initiative.

Answer

A formal document
that demonstrates a company's compliance with labour laws.

Answer

A government licence
issued for environmentally responsible operations.

Answer

A certification
companies receive after passing a human rights audit.

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