Public opinion poll on social and environmental corporate performance. Research across 27 markets has found that trust in how companies communicate their sustainability performance has increased to a record 51% this year, with significant variations by country.
Research across 27 markets has found that trust in how companies
communicate their sustainability performance has increased to a record
51% this year, with significant variations by country.
The survey from GlobeScan and GRI asked 1,000 people in each location
to indicate whether they agree that companies are honest and truthful
about their social and environmental performance. The level of trust is
the highest since the survey began in 2003, when it was at 30%.
Perceptions in Asia are most favorable, with the highest levels of
agreement found in Indonesia (81%), Vietnam (80%), and Thailand (79%).
The USA, Australia, Canada and the featured EU member states are at the
lower end of the ratings, varying from 44% in the USA to 31% in France.
While the public in European and North American countries continue to
indicate lower levels of agreement compared with the global average, a
number of these countries have seen notable increases in perception
compared to the 2016 survey, including Germany (33%, +16 pts), Spain
(36%, +10 pts), Canada (38%, +8 pts), USA (44%, +5 pts) and UK (42%, +3
pts).
Peter Paul van de Wijs, GRI Chief External Affairs Officer, said:
“It is encouraging that around the world the overall levels of trust
in how companies communicate their sustainability impacts are
increasing. This goes hand-in-hand with growing expectations from
consumers regarding more and better reporting.
At the same time, finding the featured EU member states at the low
end of the rankings strongly supports the case for the thorough revision
of the European non-financial reporting directive, initiated in early
2020 by the European Commission.
Mandating the reporting of comprehensive, comparable and assured data
– using globally accepted standards, such as provided by GRI – is
needed if we want to maintain momentum and progress further.”
Chris Coulter, CEO of GlobeScan, said:
“Over the course of twenty plus years of global polling, we have seen
a sea change in expectations for corporate transparency. The findings
from this year’s survey suggest that companies are learning how to
deliver and are being recognized for their efforts. Systematic standards
like GRI have more than helped. Accurate reporting has become
foundational for any effective sustainability strategy.”
Among markets surveyed in both 2016 and 2020, the highest ratings are
seen for Indonesia (81%, +2 pts), China (73%, -7 pts), and India (73%,
+14 pts). The lowest levels are found in Russia (29%, -17 pts),
Argentina (30%, no change) and Germany (33%, +16 pts).
A representative online survey took place in June 2020 with 27,000
adults (1,000 in each of 27 locations). The global variations in levels
of trust reflect a multitude of factors, including social and cultural,
that contribute to how people form perceptions of corporate behavior.
People were surveyed in Argentina*, Australia*, Brazil*, Canada*,
China*, France*, Germany*, Hong Kong, India*, Italy*, Indonesia*, Japan,
Kenya*, Mexico*, Nigeria*, Russia*, Saudi Arabia, Singapore, South
Africa, South Korea*, Spain*, Sweden, Thailand, Turkey*, United
Kingdom*, United States*, and Vietnam.
*Indicates locations that have participated in all seven previous
surveys (2003-2020). The trend for these 19 markets finds that average
agreement with the statement ‘companies communicate honestly and
truthfully about their social and environmental performance’ has reached
47%.
GlobeScan is an insights and
strategy consultancy, focused on helping clients build long-term
trusting relationships with their stakeholders. Offering a suite of
specialist research and advisory services, we partner with business,
NGOs and governmental organizations to meet strategic objectives across
reputation, sustainability and purpose.
GRI
© GRI - Global Reporting Initiative
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