OECD Trust in Business Initiative

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 in value chains 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

Ensuring implementation of guidelines and standards

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

Trust in Business Forum

OECD Trust in Business Forum, 1-2 October 2019

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Supporting 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.

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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.

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Trust in Business Network (TriBuNe)

The Trust in Business Network (TriBuNe) brings together governments, the private sector, and civil society under internationally recognised OECD guidelines committed to promoting trust and levelling the playing field through capacity building solutions, informed dialogues and ensuring standards implementation. Interested organisations and institutions are invited to join the initiative.

List of members

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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