Social issues relate to the rights, well-being and interests of people and communities. These issues include human rights, labor standards in the supply chain, child and forced labor, workplace health and safety, and relations with local communities.
A company that manages social issues well and takes the interests of its various local stakeholders into account, will obtain a ‘social license to operate’. This refers to the level of acceptance or approval by local communities and stakeholders. This will facilitate the obtaining of government permits and ‘social permission’ to conduct their business. Increasingly, having a social license to operate is an essential part of operating within democratic jurisdictions, as without sufficient popular support government agencies are unlikely to grant operational permits or licenses.
A company that does not address social issues risks reputational damage, increased costs and lawsuits.
Neither information nor any opinion expressed on the website constitutes a solicitation, an offer or a recommendation to buy, sell or dispose of any investment, to engage in any other transaction or to provide any investment advice or service. An investment in a Robeco product should only be made after reading the related legal documents such as management regulations, prospectuses, annual and semi-annual reports, which can be all be obtained free of charge at this website and at the Robeco offices in each country where Robeco has a presence.