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› Extractive industries: ensuring a cultural license to operate
Extractive industries: ensuring a cultural license to operate
15 Sep 2011
Indo-Pacific Governance Research Centre
Negative stereotypes about the extractive industries constitute a cultural risk for operations, damage good-doers, and discourage other companies from imitating them.
The pursuit of a social license to operate does not address such cultural risk while that of a cultural license to operate does.
To achieve the latter, a broad set of instruments are available from the creative industries.
Business associations, ministries of mining and energy, bilateral cooperation agencies and trade representatives can help with the pursuit of a cultural license to operate.
Obtaining it does not release extractive companies from upholding international social and environmental standards.
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