Definition
The consent, acceptance, or permission by a local community for a company and its projects to continue to operate. The acquisition of social licenses is dynamic, as stakeholders’ perceptions may be influenced by various factors over time.
Source(s)
Adapted from SynTao and China International Contractors Association (CHINCA), “Community Engagement Handbook for Chinese International Contractors (2021 Edition)-北京商道纵横信息科技有限责任公司,” 2021, View the Website.