Climate & Environment
Social Risk
The risk that an organisation's activities harm people and communities — or that community opposition harms the activity.
Definition
Social risk is the potential for negative consequences to people and communities — workers, neighbours, indigenous peoples, consumers, supply chain labour — arising from an organisation's operations, projects or value chain, together with the consequential risks to the organisation itself: licence revocation, protest, litigation, reputational damage and project failure. It is assessed through social impact assessment, human rights due diligence and ESG risk frameworks.
Overview
The overview for this term is being prepared.
Review
Help keep this definition useful and accurate.
Submitted reviews stay private until an editor decides whether to accept and attribute them.
Contribute to this entry
How would you like to contribute?
Every endorsement and suggested edit is checked by an editor before anything changes publicly.