OECD Trust in Business Initiative

Strengthening trust in the business ecosystem

The Trust in Business Initiative is the leading public-private sector platform for business conduct at the OECD and enables C-suite leaders globally to bolster trust and establish conditions of fair, sustainable and resilient economic development.

The initiative promotes coordinated action to encourage a trustworthy business ecosystem and delivers impact through:

Ensuring implementation of guidelines & standards
Capacity building solutions
Promoting partnerships and collaboration
Analytical work and leading insights into policy and business

As the global environment is shifting, trust is not only a strategic issue for business but a lever for growth that fosters long-term value creation, anti-corruption, compliance and responsible business conduct.

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OECD and the Blue Dot Network

The Blue Dot Network aims to operationalise existing international standards to promote a shared vision of quality infrastructure investment that is open and inclusive, transparent, economically efficient, financially viable, resilient, and environmentally and socially sustainable. The OECD’s Trust in Business initiative, in cooperation with the governments of the United States, Australia and Japan, has been engaged to convene a multi-stakeholder network to inform the development of a global certification framework.

As countries look to promote a sustainable economic recovery in wake of the COVID-19 pandemic, the Blue Dot Network will assist governments in making trusted and well-informed infrastructure development decisions that take into account the long-term costs and benefits of proposed projects.

The Global Initiative to Galvanize the Private Sector as Partners to Combat Corruption

The Global Initiative to Galvanize the Private Sector as Partners to Combat Corruption (GPS) aims to mobilize the private sector as critical actors in the fight against corruption, help level the playing field and promote a rules-based international business climate. Now more than ever companies that are trusted and act with integrity have a competitive advantage, through reduced reputational and financial risks, higher economic performance, employee retention and improve business innovation.

The Anti-Corruption Leaders Hub is the foundational platform of GPS. It gathers c-suite executives from global enterprises, civil society and government leaders that commit to promoting anti-corruption efforts through the exchange of strategic insights and the implementation of the initiative’s activities. To engage with GPS, we invite you to provide your information here.

With the support of the US Department of State, this new global initiative builds on the OECD’s multidisciplinary approach towards promoting anti-corruption, trust and integrity, operationalizes international standards and takes forward a core commitment from the United States Strategy on Countering Corruption.

Our first year of activities:

Business Integrity and supply chain risks: The Case of Public Procurement
Trusted Dialogue Series: On Getting Influence Right
Promoting Corporate Anti-Corruption Compliance Through
Government Incentives And Assessment
Compliance without Borders
The Infrastructure Anti-Corruption Toolbox

OECD Infrastructure Anti-Corruption Toolbox

The OECD Infrastructure Anti-Corruption Toolbox (I ACT) seeks to build the capacity of stakeholders in developing and emerging economies to implement effective anti-corruption systems based on international standards, and to meet the requirements of global programmes for infrastructure investment, including the Blue Dot Network.

Compliance without Borders

Compliance without Borders is a capacity-building project to strengthen trust and integrity in state-owned enterprises (SOEs). This OECD-Basel Institute on Governance project facilitates the secondment of compliance officers to SOEs to strengthen risk management systems and address corruption-related risks.

Events

The 2023 OECD Global Anti-Corruption & Integrity Forum, 24-25 May 2023

2023 Summit for Democracy Roundtable on Public-Private Engagement to Counter Corruption, 15 March 2023

Third meeting of the informal Executive Consultation Group, 21 March 2022

Blue Dot Network: High-level Panel on Catalysing Quality Infrastructure Investment to Build-Back-Better, 5 October 2021

Business Integrity Trends, Standards, and the Future of Compliance in a Post-COVID-19 World, 24 March 2021

OECD Trust in Business Forum, 1-2 October 2019

Contact

Isabel Cane, Head of the Trust in Business Initiative [email protected]

Follow us

Twitter @OECD_BizFin

LinkedIn Business and Finance at the OECD

Publications

The Blue Dot Network

This document presents an evidence-based proposal for a credible, efficient, transparent and sustainable certification framework that can provide a basis for operationalising the Blue Dot Network. It synthesises more than a year of intensive research and multi-stakeholder consultations.

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Catalysing collective action to combat corruption in infrastructure

This policy paper focuses on collective action and multi-stakeholder non-judicial grievance mechanisms to support the detection, prevention and reporting of corruption. It highlights three mechanisms: the National Contact Points for Responsible Business Conduct, the High-Level Reporting Mechanism, and the Integrity Pact.

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Towards a global certification framework for quality infrastructure investment

The report assesses the appetite of respondents for a global certification framework and considers how the Blue Dot Network could best support private participation in infrastructure investment in low and middle perceptions of the obstacles and risks.

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‌Strengthening trust in business

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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Youth Perspective: What Does Trust in Business Mean in a Post-COVID-19 World?

How do the youth of today define trust in business and what significance does it bear on our lives and our futures?

Victoria Bejarano, Mafhungo Nevhutalu and Sandra Omanhene are three young women who were born and raised on three different continents and have sought to find answers to this seemingly complex but essential question.

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OECD instruments and resources

RESPONSIBLE BUSINESS CONDUCT

OECD Guidelines for Multinational Enterprises

OECD Due Diligence Guidance

The Policy Framework for Investment (PFI)

OECD Risk Awareness Tool for Multinational Enterprises in Weak Governance Zones

ANTI-BRIBERY

www.oecd.org/daf/anti-bribery/

2021 OECD Anti-Bribery Recommendation - OECD

Convention on Combating Bribery of Foreign Public Officials in International Business Transactions

2009 Recommendation for Further Combating Bribery of Foreign Public Officials in International Business Transactions