Transparency and Accountability

Transparency refers to the openness of a company about its operations, decisions, and impact on society and the environment. When a business is transparent, it shares information honestly, allowing stakeholders to understand its practices. Accountability means that companies take responsibility for their actions and the consequences that arise from them. Together, transparency and accountability ensure that businesses conduct themselves ethically, consider the welfare of their employees, customers, and communities, and respond to concerns or mistakes. This builds trust and fosters positive relationships with stakeholders, promoting long-term success and sustainability.