Required for permission
A sustainable strategy is often required to be permitted to operate in certain countries and locations. Authorities want to make sure there is no danger of potential damage to the local community. A sound sustainable reputation is an advantage in these situations.
Getting things done
A positive reputation can also be very helpful in situations, where permits or approval from local communities or governments is necessary. Opposition from communities can potentially result in delays or bigger investments. Furthermore, it also helps to attract local talent.
Speed to Market
With the support or approval from society it’s easier to run your business. Programs that improve the reputation enhance not only the goodwill, but also impact the speed to enter or grow a market.