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

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 faciliates the secondment of compliance officers to SOEs to strengthen risk management systems and address corruption-related risks.

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

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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