Q2. SL2O – Welcome to the new-look Futureye newsletter and website

Q2. SL2O – Welcome to the new-look Futureye newsletter and website

Change is happening often more quickly than either industry, society or government is ready for. Given that, it has been a significant quarter in many ways for social licence. It’s now a concept many executives are speaking about. Some are still highly suspicious of activists and stakeholders’ concerns, but increasingly more are open to understanding how resolving issues that their stakeholders and the public are concerned about can genuinely address trust and reputation for mature issues. Our newsletter this quarter features the highlights and, all too often, lowlights of the Banking and Finance Services Royal Commission; the myriad challenges facing society as we move to automated, driverless vehicles as part of the Fourth Industrial Revolution (4IR), and looks at how sugar cane farmers are responding to earn and keep their social licence to operate.

Our business is evolving to meet the changes in need and demand from our clients. We have appointed Director, Daniel Abbas, to head our Digital Economy business which seeks to proactively prepare communities, governments and companies for the fourth industrial revolution. The approach we have taken is to identify key areas of change from automation, AI, data integration and identify potential social licence issues that can be proactively tackled. We are now building these partnerships, so do let us know if you would be interested to be involved.

We have appointed Director, Kristina Ringwood, to head our Sustainable Development business which develops strategy, policy, risk, research and communications to help address dilemmas in a way that will earn a social licence. We believe that with integrated reporting nigh, there will need to be integrated risk-based business strategy that effectively takes into account sustainable development and the requirements for social licence.

I am establishing a new service area of the business called “Change-makers” which focuses on resolving market dysfunction. We have identified a series of issues where societal expectations have advanced but industry hasn’t, leading to significant social justice and environmental issues. We believe in market-led mechanisms to address the public policy failure, but believe they need a consortium of the willing to drive a focused change process that overcomes the dysfunction. We have currently prioritised: low carbon affordable housing, gendered-based violence, gambling and palm-oil driven deforestation. We are setting-up governance, strategy and funding at the moment and keen to hear from anyone that is interested in these issues. There are opportunities to enter partnerships which we’ll be establishing to address these issues with our clients. We’re open to hearing about other key priority areas you think need addressing.

Thanks to Louise Connor and Zach Green’s great work, I am delighted to announce we have a new website which we developed in partnership with JMarketing and Hunting with Pixel’s MD, Robert Moorman. Have a look at: https://www.futureye.com and be sure to let us know what you think by emailing: info@futureye.com

My best wishes

Katherine Teh
Managing Director, Futureye

October 2018