Trust in businesses to behave ethically has recoveed (slightly), according to survey from the Institute of Business Ethics (IBE). However, tax avoidance and executive pay remain the top issues UK business needs to address.
The survey, published today, shows that the public’s general opinion about ethical business behaviour has improved.
Over half (52%) now say they consider that UK business behaves ethically, a slight recovery from last year’s dip (48%), but not yet back up to 2015 levels (59%).
The strength of negative opinion is also decreasing, with fewer people now saying that business behaves “not at all ethically” (down from 9% in 2012 to 5% in 2017).
Philippa Foster Back, Director at the IBE, said: “Although these results are encouraging, this may be related to the scandals which have affected other institutions in society over the course of 2017.
“By contrast, business appears more responsible in the eyes of the public. The fact that corporate tax avoidance and executive pay remain the top public concerns is an example where business is still not doing enough to address ethical issues.”
Indeed, the top three issues that the public think business needs to address remain unchanged for a third consecutive year.