Trust, social licence and human rights has been saved
Trust, social licence and human rights
Building and maintaining trust with your stakeholders has never been more important.
As society and the global business environment become more complex, navigating uncertain times and addressing the mega trends influencing economic, environmental and social outcomes becomes more challenging. In this context, being able to rely on ongoing goodwill and trust with your stakeholders is crucial to adapt to change and drive greater organisational value.
Increasingly stakeholders demand accountability and transparency, and want to be assured that goods and services are produced in ways that protect and even enhance, the environment, worker safety and wellbeing, human rights, and the well-being of communities, including the most vulnerable in our society.
Meeting these expectations is increasingly driving attraction and retention of talent, as well as competitive advantage through positive reputation.
Mounting legislative and regulatory compliance obligations are a symptom of a lack of trust in business, demonstrated by a string glaring breaches. The lesson of recent times is that lack of trust erodes business value and limits ability to thrive.
Leaders should ask themselves:
- How do you know that your stakeholders trust you?
- What are the attributes that enable you to build and maintain trust?
- What are the tactics and initiatives that will support your reputation and meet today’s challenges?