People powering trust

As a consultant, my work is most often behind the scenes of business and most of my job satisfaction derives from helping others make a difference. One of my favorite things about my work is when clients tell me they gained a new insight, or when I see the contribution I have made creating ripples in an organization or helping empower people. And in the field of CSR and Sustainability, pretty much everything I work on supports a mission of  advancing positive-impact, ethical, values-driven business which I believe is a key stepping stone to a sustainable society and planet. 

Transparency is the cornerstone of responsible business, and my geeky fascination with and love of Sustainability Reporting has become a purposeful occupation, a hobby and a vocation all rolled into one. I couldn't have imagined that this is what I'd end up doing when I started out 30+ years ago as a Distribution Manager with Procter and Gamble in England, and today, I can't imagine doing anything else. As a consultant, I think we are wired not to seek recognition for ourselves, but for our clients. As consultants, we take pride in our professional work, but we are more proud of what our clients achieve. As consultants, our success is possible because of the trust our clients place in us. And trust is what brings me to share these non-typical personal ramblings on what is usually a fairly on-topic blog. 

In the Winter 2017 Issue of Trust! Magazine,  I am quoted on the topic of trust.  

"Trust defines relationships – personal and professional. It’s the most basic currency of our interactions. When trust exists, relationships thrive and positive outcomes are possible. When trust is eroded, relationships are eroded too. In a business context, the value of trust is often underestimated. Because we can’t count trust in the same way as we can count money, products and other tangible outputs of business, we are often unappreciative of the role trust plays in making it all possible. But we must never forget that business is built on relationships… we may think business is about profit but it’s really about people… so when trust is present, relationships work and business has a good chance of success. As an optimist, I believe, we are predisposed to trust. Retaining trust is the longer-term challenge and that is done by consistently demonstrating integrity, empathy and openness (in business, that includes transparency)."

But you may notice that the Magazine cover carries a special announcement - it's from Trust Across America - Trust Around the World (TAA-TAW) honoring  global leaders in organizational trust. The TAA-TAW awards program, now in its 7th year, celebrates professionals who are transforming the way organizations do business. This year a diverse group of 84 global professionals from different backgrounds operating in different countries and sectors are honored. This list includes seven honorees who have  maintained Top Thought Leader status for five years and are presented with a Lifetime Achievement Award. The Press Release from TAA-TAW notes: "We congratulate all of our honorees whose work is shining a spotlight on the importance of trust and providing a roadmap for others to follow. They inspire organizations to look more closely at their higher purpose…to create greater value for, and trust from all of their stakeholders, and understand trust is a “hard currency” with real returns."

So it's not by accident that I am writing about all of this here. I am genuinely humbled and delighted to be among the 2017 Lifetime Achievement Award honorees. More humbled, I guess, as the list of Top Thought Leaders in Trust (which you can view in the Winter Issue of Trust! Magazine) includes so many accomplished individuals that inspire me with all they have done to change the world and the world of business.

With this post, I applaud each and every one of the Top Thought Leaders in Trust 👏👏👏👏
I encourage you to notice and appreciate the difference they make and recognize them, as I do, as a source of inspiration and optimism. This recognition by TAA-TAW is a breath of fresh air in a world in which trust is evidently more necessary than it ever has been. 

Trust Across America - Trust Around the World (TAA-TAW) is the product of the vision and focused action of Barbara Brooks Kimmel, the CEO and Cofounder of Trust Across America-Trust Around the World, whose mission is to help organizations build trust. Now in its seventh year, the program's proprietary FACTS® Framework ranks and measures the trustworthiness of over 1,500 US public companies on five quantitative indicators of trust. Barbara also runs the world largest global Trust Alliance, and is the editor of the award winning TRUST INC. book series and a Managing Member at FACTS® Asset Management, a NJ registered investment advisor. Barbara has made trust her agenda in quite a unique way. I was keen to find out why and learn more about her work: 

Me: When was your a-ha moment that trust was a pivotal factor for healthy business and society?

Barbara: That moment came at the height of the financial crisis in 2008 when CEOs would announce on a Friday that their balance sheets were strong and then declare bankruptcy over the weekend. I started thinking about what trust meant at the organizational level and started searching the internet for resources. I quickly realized that there was no central "clearinghouse" or website where one could go to find information on organizational trust and trustworthiness. Inherently I knew that trust played a very large role in the health of business and society, but frankly, was unaware at the time just how large that role was.

Me: What are the key challenges facing organizations that are trying to build trust ? 
Barbara: Most of the work we do at TAA-TAW focuses on public companies, although all organizations regardless of the type, tend to have similar issues. The biggest challenge is leadership. Trust is usually taken for granted. It's certainly not something that proactively comes up in meetings of Boards of Directors or CEOs, unless they are faced with a crisis, and there is certainly no budget. Trust is built over time and in incremental steps. There are so many competing forces in public companies- quarterly earnings, analysts expectations, CEO compensation and tenure, etc. That's why we have focused on building the Business Case for Trust via our FACTS® Framework. FACTS is a holistic quantitative measurement of the trustworthiness of public companies, compiled from independent third party data providers. In other words, companies do not know they are being evaluated nor do they pay us any fee. With 8 years of data, we see strong correlations between the most trustworthy public companies and long-term profitability. My message to Boards and CEOs is that without organizational trust decisions take longer, employee turnover is high, innovation slows and profits erode. Place trust on your agenda. Start meeting the needs of all your stakeholders, not just your shareholders, and your profits will increase.

Me: What was your prime motivation in developing the Top Thought Leaders in Trust Awards program?
Barbara: There are people who have devoted their entire careers to building organizational trust across every functional area of an organization. These same people should be hailed as heroes and be celebrated. Seven years ago there was no mechanism for doing this. Now there is. Perhaps the recognition opens doors for these folks to make a greater impact.

Me: Tell us a little more about the Trust Alliance? What does the Alliance achieve? 
Barbara: I started the Alliance 5 years ago to bring like minded professionals together to build tools and resources that would enhance both our website and society at large. Very little existed before the Alliance was formed. Now when visitors come to our website, there is an almost endless supply of organizational trust resources and tools. I love to connect members that have complimentary interests and watch new relationships flourish that already have a head start on trust. Understanding that trust is both holistic and global, so is our membership. We don't actively solicit new members but welcome them when they find us. It's a global group.

Me: What's top of your agenda in advancing trust in the coming year or two?
Barbara: Within the next several months we will have the ability to issue "flash reports" to public companies who have an interest in elevating organizational trustworthiness but don't know where to start. The reports will provide a good overview of where the company stands in relation to its peers. These will be driven by our FACTS ® data and provide a mechanism to get companies on the right road, at least those that want to be there! Imagine if every company published their FACTS score in their annual report! With so many years of data there is also quite a bit of interest building both in and outside the financial community. We are discussing licensing with many organizations. This is good for business and for society over the long term and will remain our focus over the next few years.

Thank you Barbara for making trust your thing and for your contribution to making trust our thing. Thank you to all the Top Thought Leaders in Trust for making our world better. 




elaine cohen, CSR consultant, Sustainability Reporter, HR Professional, Trust Across America 2017 Lifetime Achievement Award honoree, Ice Cream Addict, Author of Understanding G4: the Concise Guide to Next Generation Sustainability Reporting  AND  Sustainability Reporting for SMEs: Competitive Advantage Through Transparency AND CSR for HR: A necessary partnership for advancing responsible business practices . Contact me via Twitter (@elainecohen)  or via my business website www.b-yond.biz   (Beyond Business Ltd, an inspired CSR consulting and Sustainability Reporting firm).  Need help writing your first / next Sustainability Report? Contact elaine: info@b-yond.biz 

Trust - it's no accident

One of the things that Barbara Brooks Kimmel, CEO and CoFounder of Trust Across America-Trust Around the World™ (TAA-TAW), has succeeded in driving home in her intensive work over the past two decades, is that trust in business is no accident. Trustworthy business is underpinned by trustworthy people. Trustworthy people advance trust in business through their words and actions, and the compatibility of the former with the latter. Doing business without trust is like running a marathon with a blindfold. You might keep running but who knows where you will end up. You could also fall and break your leg.

 

Trust is at the root of any successful business. But while that may sound obvious, we all know the consequences of lack of trustworthiness. Martin Winterkorn might want to weigh in here, alongside a thousand others I could mention. I don't believe that trustworthy characteristics are the product of a carefully conceived strategy. I believe that trustworthy business leaders were trustworthy before they were business leaders. I believe it's part of who they are. So why should we celebrate people for doing business in a trustworthy way, just because that's the way they are? Shouldn't trustworthiness be a minimum acceptable baseline? Does it deserve recognition?

 

Yes it does. Because no matter how deeply entrenched your personal trust characteristics are, there are many temptations along the way. So many conflicting interests to appease, so many challenging targets to achieve, so much competitive and regulatory noise, so many demands, so many corners available to cut, so many new challenges that emerge from new market dynamics. Even the most trustworthy of us might be tempted to ease off around the edges in order to protect assets developed and reputation hard-earned. Corporate leaders that rise above the noise and stay true to a backbone of trustworthy character in all their undertakings are an inspiration for us all. A little celebration of trustworthiness can only serve to reinforce it.

 

Similarly, capturing and embedding trustworthiness throughout a large organization takes more than  one trustworthy leader at the top. The leadership-halo ripple-effect reaches only so far in large, complex organizations. A structured approach of walk, talk, training, recognition and discipline is required to ensure that every single employee in an organization knows that trustworthiness is more than a value, it's a non-negotiable. Every single employee needs to know the behavioral expectations that support trustworthy business in each daily action in each role. The influence and work of many individuals who support business leaders in embedding trustworthiness in their organizations should also be celebrated. They are an essential part of the trustworthiness chain of custody.  

 

Enter TAA-TAW. Now in its 6th year, TAA-TAW celebrates professionals who are transforming the way organizations do business and honors 2016  Top Thought Leaders as well as Lifetime Achievement Awards to seven individuals who have maintained Top Thought Leader status for five years. 

 

According to Barbara Kimmel: "The release of this year’s list coincides with the beginning of the 4th year of the formation of our Trust Alliance, a growing group of global professionals committed to learning about and advancing the cause of organizational trust. Many of this year's honorees are well-known CEOs, authors and leadership advisors, while others are quietly working behind the scenes as teachers and researchers. We acknowledge and reward all their efforts in elevating societal trust. We congratulate all of our honorees whose work is shining a spotlight on the importance of trust and providing a roadmap for others to follow. They inspire organizations to look more closely at their higher purpose...to create greater value for, and trust from all of their stakeholders, and understand trust is a "hard currency" with real returns."
 

Check out the 2016 Lifetime Honorees here.

Check out the full list of 2016 Honorees in the Winter 2016 issue of TRUST! Magazine

And here I will also mention that I am personally honored and delighted to be included once again in 2016 in this carefully selected group of illustrious and inspiring group of individuals. I am humbled to be on this list with so many truly world-changing individuals. 

 

I hope you will join me in thanking Trust Across America and Barbara Brooks Kimmel for the hard work that goes into the nomination, judging and award process for the annual selection of Top Thought Leaders, and also in congratulating the 2016 Honorees and Lifetime Honorees.

 

elaine cohen, CSR consultant, Sustainability Reporter, HR Professional, Ice Cream Addict. Author of Understanding G4: the Concise Guide to Next Generation Sustainability Reporting  AND  Sustainability Reporting for SMEs: Competitive Advantage Through Transparency AND CSR for HR: A necessary partnership for advancing responsible business practices . Contact me via Twitter (@elainecohen)  or via my business website www.b-yond.biz   (Beyond Business Ltd, an inspired CSR consulting and Sustainability Reporting firm).  Need help writing your first / next Sustainability Report? Contact elaine: info@b-yond.biz  

What does trust mean to you?

This week saw the publication of the 2015 Top 100 Thought Leaders in Trust. You can see who made the list this year, including 15 Lifetime Achievement Award winners, in the free download of the Winter 2015 magazine issue. I was honored once again to be selected as one of the Top 100, and humbled to be in the company of those I feel are much more deserving of this recognition. This is the 5th year that Trust Across America - Trust Around the World - under the visionary leadership of Barbara Brooks Kimmel - has recognized professionals from business, academia, nonprofits and consulting whose work is elevating organizational trust. The leaders were selected by a distinguished panel of judges  - big names in responsible business - and you can read about them too in the Trust! Magazine Winter Issue. 

The theme of trust is so central to everything we do in sustainability and both a driver and an outcome of sustainable behavior. Several of the lifetime honorees took time to reflect on what trust means to them, and much of what they said resonated strongly with me. For example:

Patricia Aburdene: "In the business world, trust literally transmutes into success and profitability."

Steven M.R. Covey: "Trust underlies and affects the quality of every relationship, every communication, every work project, every business venture, and every effort in which we are engaged."

Jed Emerson: "Confidence in our collaborations with others is the foundation of successful organizations, and the best collaborations are always fundamentally a question of creating a trusting relationship."

Leslie Gaines-Ross:  "Trust is the bedrock of relationships."

Mary Gentile: "Trust means integrity – acting in accordance with our words and commitments—and making sure those words and commitments are worthy of this consistency."

Charles H. Green: "Trust-based organizations encourage and enable the art of trusting and the virtues of trustworthiness in all the personal relationships they touch. In so doing, they also increase the social and financial value of the organization."

Jim Kouzes: "Trust rules your brand image."

Linda Locke: "Trust, and reputation are about how you make people feel. We want to conduct business, and have relationships with people and organizations we respect and hold in high esteem. Trust is a central strategy for business growth in a reputation economy."

Edward Marshall: "We yearn for relationships and organizations that operate with integrity, honor, transparency, and grace. It is possible."

There is no sustainability without trust. There is no business success without trust. Often imperceptibly, trust builds stronger organizations. This got me thinking about the role of sustainability reporting in helping to build and enhance trust in a range of ways. Whose Sustainability Report do you trust and why? And what affects the trust we place, or do not place, in sustainability reporting. This is the topic of a future post (coming soon!). 

In the meantime, each of the 100 Top Thought Leaders in Trust offers inspiration that we can create a business environment that has trust at its core. Barbara Kimmel and Trust Across America is committed to helping us do just that, and the annual honoring of thought leaders, the suite of books published in the Trust Inc. series, the frequent blogs on trust and related matters and the F.A.C.T.S. framework for trustworthy business behavior are all making their impact felt.  

Congratulations to all the 2015 honorees and especially the Lifetime Achievement Award winners!

elaine cohen, CSR consultant, Sustainability Reporter, HR Professional, Ice Cream Addict. Author of Understanding G4: the Concise Guide to Next Generation Sustainability Reporting  AND  Sustainability Reporting for SMEs: Competitive Advantage Through Transparency AND CSR for HR: A necessary partnership for advancing responsible business practices . Contact me via Twitter (@elainecohen)  or via my business website www.b-yond.biz   (Beyond Business Ltd, an inspired CSR consulting and Sustainability Reporting firm).    

Sustainability Reporting: It's all about Trust

What's a sustainability report worth if it doesn't contribute to building and maintaining trust? (Hint: nothing).

As I read many many many sustainability reports, I am confronted with platitudes, PR-speak and declarations of commitment which are completely divorced from the results that we see in the world, and the information that is provided in the very same reports. We are committed to advancing women. But women are not advancing. We are committed to environmental stewardship. But carbon emissions are increasing. We are committed to human rights. But our supply chain audits show that people are being abused. We are committed to transparency. But our communications contain everything but the stuff that people really want to know. We have followed the GRI Framework. But the fully reported indicators are nowhere to be found in the narrative or the multitude of other irrelevant numbers. The degree of credibility and trustworthiness of a large selection of sustainability reports is questionable, and it's up to more of us to take more of an interest and help more companies be more credible and drive more trust to create a more sustainable future.

To balance things up, however, I read some reports which do cause me to believe that a company is authentic, genuine in its sustainability efforts and reporting, and yes, by and large, trustworthy. Generally speaking, though, it is only after several annual sustainability reports that my trust is reinforced and becomes a basis for a change in my attitude toward a particular company. Many companies can deliver a first sustainability report. It's the consistent, year after year, reports, that demonstrate, first and foremost, advances in sustainability performance, and then transparent and accountable disclosure, that really create a firm basis for trust. This is the kind of trust we seek to have in corporations that impact our lives.  

Trust is at the core of the mission of Barbara Kimmel, who has invested enormous resources and built an entire network to advance the kind of trust we all seek, through the organization she founded: Trust Across America - Trust Around the World. Barbara Kimmel is an award-winning communications executive and former consultant to McKinsey who has run her own firm, Next Decade, Inc., a firm that has been unraveling and simplifying complex subjects for over twenty years. During this time she has published award-winning reference books; created media campaigns; publicized books, authors and businesses; and consulted to start-ups on building marketing and communications programs. In 2012 Barbara was named one of 25 Women Who are Changing the World by Good Business International.

Trust Across America - Trust Around the World has been publishing lists of trustworthy companies  and individuals who advance trust for some years. I was honored to be included in previous lists, and no less honored to be awarded a fabulous certificate as recognition of my inclusion in the 2014 list:

TOP 100 THOUGHT LEADERS IN TRUSTWORTHY BUSINESS 2014 

And just so you know what a set of brilliant other individuals whose company I am humbled to be in, take a look at this:

You can read about all these trustworthy business leaders on the Trust Across America website here. 

And while we are at it, if you didn't download the poster of 2014 weekly quotes about trust, for daily reminder and inspiration, you can do so here:

One more thing. Barbara Kimmel has edited a truly worth-reading book, all about trust, full of insights and advice with contributions from several trustworthy experts. The book, Trust, Inc., was published at the end of last year, and deserves to be at the top of the reading list for every corporate CEO and executive in any company anywhere. Check it out on Amazon.com. 

I'll be writing a detailed review of Trust, Inc. on my CSR-Books blog sometime in the near future. 

So, back to sustainability reports... you have an opportunity to vote for the sustainability reports you believe deliver the most trustworthy accounts  of their sustainable business performance in the current CRRA '14 online reporting awards (see my last post). 

More than this, you have an opportunity, every time you are working on a sustainability report for your company, to consider the ways in which your reporting builds trust. For example, I am pleased to acknowledge the recent honor bestowed on my client, Novus International, by NAMA in its annual awards. In addition to an award for the best brand film, Novus received a "Merit award in the category of Company Publications – Annual Reports for the annual Sustainability Report. The Sustainability Report provides detailed information and examples of how the company works hand-in-hand with its stakeholders and network of business partners to improve and advance sustainability efforts." Novus International is a privately-owned company that has been reporting anually for five years on its sustainability performance. Recognition of this kind is an example of how consistent reporting contributes to building trust.

For report readers and users, you have an opportunity to engage with reporting companies to help them understand how their reports stack up on the trust continuum. Peter Firestein, in Trust, Inc. writes: "To earn trust, you must trust."  Companies that publish sustainability reports are also placing their trust in us, their stakeholders, that we will share a certain responsibility in advancing sustainability. This means telling them when we think they have got it wrong... or right. 

elaine cohen, CSR consultant, winning (CRRA'12) Sustainability Reporter, HR Professional, Ice Cream Addict. Author of Understanding G4: the Concise guide to Next Generation Sustainability Reporting  AND  Sustainability Reporting for SMEs: Competitive Advantage Through Transparency AND CSR for HR: A necessary partnership for advancing responsible business practices . Contact me at www.twitter.com/elainecohen   or via my business website www.b-yond.biz   (Beyond Business Ltd, an inspired CSR consulting and Sustainability Reporting firm)