We’re going is a different direction today. GlobalScan recently conducted a survey in 30 countries to querying people on their trust level in global companies. The survey identified the top five reasons why there is a general lack of trust.
There is an environmental component to the topic on a couple of fronts. More and more consumers and employees are demanding that companies act responsibility when it comes to the environment. They want companies to integrate sustainability and circularity into the decision-making process. And we are witnessing the beginnings of people taking tangible actions.
Global companies are also being counted upon to formally commit to achieving environmental objectives. Most major companies have formulated policies and outlined plans to contribute to combatting climate change. Unfortunately, many of those commitments are more for show than substantive.
Almost 40 years ago I left the corporate world because of a general lack of ethics so this isn’t a recent phenomenon. It’s as old as the profit motive. Money has a habit of distorting the decision-making process. It’s an inherent flaw in the capitalist system, or more accurately, in human nature.
The morale of the story is that many companies are only going to act within the constraints placed upon them by regulations. The lack of ethics within the corporate world prompted some to create the B-corp. which holds companies to a higher standard. However, that movement remains nascent.
Still, there is a simple way to get most companies to become more trustworthy. Check out today’s post for that answer along with the top five reasons people don’t trust global companies. Spoiler alert: none of it should be surprising.
#corporateresponsibility #globalscan #circulareconomy #sustainability
