Strengthening trust in the business ecosystem

The global environment has shifted: heightened interconnectivity, rising inequalities, slowing productivity, environmental degradation, corruption, disruptive technological innovations, and reshaping regional-global dynamics are transforming the role of business in society. This complex environment affects expectations vis-à-vis business. Increasingly in today’s operating environment, success is measured by long-term value creation, anti-corruption, responsible business conduct and maintaining the social licence to operate have never been higher on the business agenda.

Yet, trust in business and institutions is declining. Generating trust is a key factor for establishing conditions of economic development, including the efficient allocation of capital, innovation, productivity and business relationships. The OECD Trust in Business initiative is a platform for leaders to catalyse good corporate conduct, examine market incentives for business decision-making and respond to the expectations of society in meeting current and future challenges.

The initiative promotes coordinated action to strengthen trust in the business ecosystem through:

• Capacity building solutions

  Research and knowledge creation

• Setting standards and guidelines and inspiring policy reform

• Promoting partnerships

• A forum for co-operation and collaboration

Directed by the Trust in Business Network (TriBuNe), the Trust in Business initiative is a global multi-stakeholder community committed to strengthening trust in business, by levelling the playing field and ensuring long-term value creation.

Interested organisations and institutions are invited to join the initiative.

Download the flyer

The inaugural OECD Trust in Business Forum takes place in Paris on 1-2 October 2019.

Find out more and sign up

To find out more about how to participate in this initiative, please contact Isabel Cane (Isabel.CANE@oecd.org)

 Perspectives on trust in business

‌Strengthening Trust in Business

9 September 2019 - The 2019 OECD Business and Finance Outlook provides an assessment of factors that contributed to a deterioration of trust during the Global Financial Crisis; reviews recent developments that could contribute to a renewed erosion of trust; and, offers policy considerations to help strengthen public trust in business and finance.

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