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 a 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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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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The Trust in Business Network (TriBuNe) is a global multi stakeholder community of c-suite leaders from the private sector, government, academia and civil society committed to strengthening trust in the business ecosystem.

Members of the network represent major sectors worldwide, and are committed to championing internationally recognised guidelines and standards such as the:

• G20/OECD Principles of Corporate Governance

• OECD Guidelines for Multinational Enterprises

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

By promoting trust, the TriBuNe aims at levelling the playing field through capacity building solutions, informed dialogues and ensuring standards implementation. Members of the network meet bi-annually for strategic exchanges, webinars, conferences and events. Download the list of members.

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

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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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

 Perspectives on trust in business

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 who have sought to find answers to this seemingly complex but important question.

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‌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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