The following appeared in the 2018 Sustainability Report of BHP (p. 10): Our social licence is an

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The following appeared in the 2018 Sustainability Report of BHP (p. 10):

Our social licence is an informal set of enabling relationships that exist between BHP and our local, regional and global stakeholders. Our social licence is built on and sustained by the quality of our relationships, our operational and environmental performance, our social impacts and the lasting benefits
we create.


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Can you explain the nature of this ‘social licence’? For example, is it a written contract?

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