In a new article in The Cornerstone Journal of Sustainable Finance & Banking, I note that trust is “strategically important” to organizations—and once lost, extremely difficult to recapture. Trust in financial institutions, while deeply negative in many regions, is still quite high in Africa— suggesting a compelling opportunity for the banking sector to play a meaningful role in continued development on that continent. While an Executive Summary of the Journal is available to read free of charge, you will need to … “Profiting from Trust – Opportunities to (Re-) Define a Positive Social Role For Financial Institutions”
More than seven years on from the financial crisis, concerns about trust and confidence in banks and financial institutions show no sign of diminishing. With the latest series of scandals, allegations and billion-dollar fines, questions are being asked about whether the industry has learnt any lessons. As regulators call on banks to ‘raise their game’ to regain the public’s trust, we ask what can be learnt from our public opinion and stakeholder research about the roots of distrust, the opportunities … “Seven Years On From The Financial Crisis: Trust In Banks Remains At All Time Low”
Most would agree that some corporate giants have taken great strides toward sustainability in recent years. But experts in the field still cite too few companies doing so. Instead, our latest GlobeScan/SustainAbility Leadership survey finds that experts believe that other non-governmental actors have been driving the sustainable development agenda since the United Nations Earth Summit in Rio in 1992. The business sector is not seen as the driver, with few exceptions. What, if anything, can we learn from those few companies that … “Who are the Sustainability Leaders (Besides Unilever)?”
M&S Stakeholder Transparency Study Highlights This is the last blog post of a series of three uncovering key insights from the recent stakeholder study on transparency that GlobeScan conducted for Marks & Spencer (M&S). After defining what corporate transparency really means and assessing the state of corporate performance in this area, we are now closing our blog series with a deep dive into M&S’ response to the survey findings. Here are three ways in which M&S is using stakeholder feedback … “Three Ways M&S Is Improving Its Transparency”
2015 marks nearly two decades worth of the tracking and analysis of the evolution of the sustainability agenda, and of the leaders and institutions most responsible for driving it forward. This 2015 Sustainability Leaders, a GlobeScan/SustainAbility Survey, provides an overview of perceived corporate sustainability leaders from 1997 to 2015 and the perceived progress that various institutions have made since the Earth Summit was held in Rio de Janeiro in 1992, along with expectations for the next 20 years. The infographic (PDF … “Infographic: The 2015 Sustainability Leaders”
Following our first blog post in which we drew on the Marks & Spencer (M&S) Stakeholder Transparency Study findings to define what transparency really is, we are now delving deeper into the stakeholder findings to assess how transparent large companies are perceived to be today. There is a strong business case for corporate transparency. Benefits of transparency clearly outweigh the risks. When asked to list them, online survey respondents cited nearly one-third more benefits than risks. In today’s wired world, … “M&S Stakeholder Transparency Study Highlights: How Transparent are Global Companies Today?”
We recently had the opportunity to conduct a stakeholder study on transparency for the Plan A team at Marks & Spencer (M&S). Combining an online survey with global stakeholders and a series of in-depth interviews with a selected group of experts, the study aimed to identify stakeholder expectations on transparency and help M&S prioritise its transparency efforts. In this first of a series of three short blogposts, we are drawing on the survey findings to define the notion of transparency. … “M&S Stakeholder Transparency Study Highlights: Corporate Transparency Defined”
I was delighted to attend the Start Network’s annual conference Start for Change. During the event, we announced a new partnership between Start Network and GlobeScan, aiming to make progress toward the creation of a global humanitarian aid movement and to make strides toward enhanced engagement with stakeholders. The Start Network focusses on collaboration within the humanitarian aid system across three areas: Financing for emergency response (Start Fund) Strengthen civil society capacity (Start Build) Innovation through partnerships and learning (Start Beta) … “Start for Change: Collaboration to Future-Proof the Humanitarian System”
During the May 7th webinar, Robert Blood from SIGWATCH, along with Chris Coulter and I, discussed the changing place of NGOs in the mix of strategic stakeholders (click here for the full recording and presentation slides from the webinar). As Chris proved, stakeholder engagement has solidified its position as a strategic management tool for companies that are serious about thriving in our overpopulated, uncertain and volatile world. He convincingly made the case that there is an expectation that these collaborations … “Three Reasons Why NGOs Have Lost Some Attractiveness as Partners for Companies”
Consumer engagement is now the primary focus of green marketing – harnessing the innate CSR values that most consumers have and creatively engaging them to actively purchase from brands and companies that have differentiated, positive CSR performance, write William Ratcliffe of Collected Conscience and Chris Coulter of GlobeScan in a recent article for WARC’s Admap magazine. This article outlines three best practice strategies for engaging with consumers on issues around sustainability and the environment, at a time when people have … “Consumer Engagement is Now the Primary Focus of Green Marketing”