October 2014

Date Archive

Picture1As corporate social responsibility (CSR) has matured, many concepts and tools have been developed to help manage particular aspects of it. We now speak not only of CSR but also of social impact assessment (SIA), social impact management planning, stakeholder engagement, social licence, social return on investment, social accounting, integrated reporting, and materiality analysis. And that’s before we start talking about sustainability. Perhaps this is a sign that we now understand CSR more deeply, as we seek to understand its every nuance.

Robert Boutilier 2007 colorOn October 8, 2014, the School of Public Policy at the University of Calgary sponsored a symposium entitled “Is Social License a License to Stall?”. Non-Canadians can be forgiven for not getting it. License to stall? What?

The concept of the SLO originated in the Canadian mining industry. It was coined by a Vancouver-based executive of Placer Dome named Jim Cooney. Controversies surrounding infrastructure development (e.g., airports, highways), energy projects (e.g., gas, wind, pipelines, electrical power lines) and the extractive industries (e.g., forestry, mining, petroleum) usually include the tension between the widely-distributed, ‘common good’ benefits and the locally concentrated positive benefits and negative impacts.

Corin Millais, TMB's CSR StrategistTeachers Mutual Bank is a purpose-driven bank; we believe profit has a purpose. Ethical business practices and sustainability are at our very heart. We are committed to creating a better world for our members, the teaching community, the planet and the people on it. Our core values are Advocacy, Passion and Sustainability.

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