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Ten Years after the Meltdown, Trust in the Financial Sector Remains Elusive
A lack of transparency, cooperation, and positive corporate citizenship still plague the sector, underscoring the need for true impact investing.
January 21, 2019. Davos. – Not only has scandal continued to prevail in the financial sector, but bad behavior and inappropriate actions in other sectors (such as IT), mean that the trust meltdown is still in full force, according to new research from Media Tenor International presented at the World Economic Forum in its Trust Meltdown X report.
“With concerns about corruption, fraud, and fairness, the banking and financial industries have a long way to go to recover public trust,” says Roland Schatz, founder and CEO of Media Tenor. “But the opportunity for improvement is there through transparency, provably sustainable investing, and a commitment to the health of both Main Street and Wall Street. Because of these two factors, the 2019 edition of the Trust Meltdown will be our last. In order to focus on constructive solutions, in 2020 we will offer Davos content on those in the financial sector who are working to fulfill and promote the SDGs, restoring trust in a system that was originally designed to – and can again – promote the common good.”
At Media Tenor’s SDG Lab at the World Economic Forum, experts will discuss the problems facing the financial sector and the responsible, sustainability-oriented solutions available. Participants include former president of NASDAQ, Al Berkeley; Antje Biber, President of the Supervisory Board of FERI; Klaus-Michael Christiansen, the founder of the Swiss Impact Investment Association; Leon Kamhi, Head of Responsibility at Hermes, UK; and Asa St. Clair, Treasurer of the World Sports Association.
Partnering with the UNGSII, Media Tenor's Trust Meltdown X provides a scientific perspective that maps and evaluates global issues. This research looks at all 7,190,382 reports on international TV news and in opinion-leading business print media, January 1, 2001 - December 31, 2019 all 443,398 statements in the annual reports of 500 leading corporations.
For over 21 years Media Tenor's mission has been to contribute to objective, diverse, and newsworthy media content by bringing together the diverse parties. Media Tenor's global research projects include analyses of election campaigns, investor relations, public diplomacy, corporate communications and other topics critical to news makers and news audiences.
The UNGSII foundation was created to assist and accelerate the process of implementing the Sustainable Development Goals by 2030 through transformation, empowerment, and celebration.