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Business Transparency

What is Business Transparency?

A transparent business is accountable, authentic and consistent, and builds trust through transparency across all areas. It is truthful about its business and its impact on the local community and culture, and on nature and the environment. It is honest with itself about business impacts and outcomes, and takes clear and full accountability.

Why is Business Transparency important?

Creating a transparent business supports the building of long-term, trusting relationships with all stakeholders. It builds the organisation’s reputation in the market and supports sustainability through honest and accountable leaders. These leaders drive transparency by ensuring that their decisions align with the company values, that they are open and honest in all communications, and by showing clear accountability. Building a culture that supports transparency across levels is important for sustainability.

Reference Source: Business Transparency Educational Guide

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