WEBVTT 1 00:00:00.340 --> 00:00:03.810 Oftentimes, when people think about trust in business 2 00:00:03.810 --> 00:00:05.490 or trust in a company, 3 00:00:05.490 --> 00:00:07.950 they think about perceived trust 4 00:00:07.950 --> 00:00:10.133 and they think about how you communicate 5 00:00:10.133 --> 00:00:12.750 and the communications imperative around trust. 6 00:00:12.750 --> 00:00:16.680 At BCG, we're thinking about trust as a business imperative 7 00:00:16.680 --> 00:00:18.800 in terms of value creation 8 00:00:18.800 --> 00:00:20.763 and in terms of strategic advantage. 9 00:00:21.630 --> 00:00:22.850 You have to think about trust 10 00:00:22.850 --> 00:00:26.710 in terms of the explicit and the implicit promise 11 00:00:26.710 --> 00:00:29.230 that you as a company and as a brand make 12 00:00:29.230 --> 00:00:32.660 not just to your customer, not just to your consumer, 13 00:00:32.660 --> 00:00:36.260 but your employees, your investors, 14 00:00:36.260 --> 00:00:39.520 government officials, and civil society. 15 00:00:39.520 --> 00:00:42.420 And what BCG has been doing is studying trust, 16 00:00:42.420 --> 00:00:44.530 both systemic trust, 17 00:00:44.530 --> 00:00:47.600 the system of trust in and around your enterprise, 18 00:00:47.600 --> 00:00:50.070 and also the value of trust. 19 00:00:50.070 --> 00:00:54.840 The most recent study using the BCG Trust Index 20 00:00:54.840 --> 00:00:57.070 looked at the drivers of trust, 21 00:00:57.070 --> 00:01:01.060 which are competence, fairness, 22 00:01:01.060 --> 00:01:03.860 transparency, and resilience, 23 00:01:03.860 --> 00:01:07.700 and how that applied to the top 1,000 companies. 24 00:01:07.700 --> 00:01:10.300 And what we found is that there's a real premium 25 00:01:10.300 --> 00:01:12.283 for the top 100 companies 26 00:01:12.283 --> 00:01:17.220 of 2.5 times in return and 47% of priced earnings 27 00:01:17.220 --> 00:01:19.410 and a downside of 15%. 28 00:01:19.410 --> 00:01:22.590 So trust isn't just an ethereal concept, 29 00:01:22.590 --> 00:01:26.000 it is actually a driver of significant value in business, 30 00:01:26.000 --> 00:01:27.960 and we're taking it that seriously 31 00:01:27.960 --> 00:01:30.010 with our clients and for the marketplace.