Less than one in five of the general public believes that business leaders and government officials will make ethical and moral decisions. This was one of the main findings of this year’s Edelman Trust Barometer – the 13^th annual trust and credibility survey by one of the leading public relations consultancies in the world Edelman.

With 31,000 respondents in 26 countries, the study found that in general there are significantly lower levels of trust in business and governments and the traditional authority figures such as CEOs or prime ministers, but also in the media. According to Richard Edelman, CEO of Edelman, what we are seeing today is “a crisis of leadership”.

50% of respondents said they trusted businesses to do what’s right, however only 18% believed that business leaders will tell them the truth in a difficult situation, suggesting that trust in leaders’ ethics and morality are very low. This massive gap between trust in business and trust in business leaders is an indication that the general public is much less confident in chief executives, but rather in company employees.

On the other hand, academics, technical experts and a person like yourself are nearly twice as trusted as a chief executives or government officials.

An anonymous company executive once said: “Profit is like health. You need it, and the more the better. But it’s not why you exist.” I would agree with this quote 100%. A successful company is not defined by its profits. Especially today, with resources becoming more finite, companies need to reevaluate the core of their business purposes – is it simply just profits that matter, or is it finding a win-win solution that would correspond with the triple bottom line ‘people, planet, profit?’

In my opinion, Milton Friedman’s philosophy “the social responsibility of business is to increase its profits” no longer holds true because society increasingly demands corporate conscience.

Understanding how business and society are interlinked is now crucial; companies need to find win-win solutions for both as the Earth’s resources are becoming scarcer. It is not about reducing consumption, but about finding sustainable alternatives that benefit nature, our community and organisations.