Rebuilding corporate trust is a critical issue. KPMG’s Audit, Assurance & Risk Consulting team examines how to rebuild it through transparency.
We explore how corporates can rebuild stakeholder trust through transparency.
Having the trust of stakeholders and the community has never been more important in corporate Australia. In an environment of constant scrutiny, the impact that a company – its products and services, culture or operations – has on people and the environment has become everyone’s business. An organisation’s social licence to operate is not a given and can quickly be challenged, in turn impacting its future and the broader market.
To build sustainable trust, greater transparency is key – from finances to supply chain operations, ethics, risk mitigation and more. In addition, organisations must consider how they are proactively building relationships and listening to stakeholders. They need to be willing to change, and to embrace technologies to better understand their impact on people and communities.
In the AFR special report and our articles below, we explore how corporates can rebuild trust and how KPMG’s Audit, Assurance & Risk Consulting practice can assist.