mobile image

Siemens' Charter of Trust

The digital world is changing everything. Billions of devices are connected through IoT. This holds great potential for everyone, but also great risk. This is exactly where the Charter of Trust (CoT) comes in. To keep pace with continuous progress in the digital economy and the threats posed by criminal activities, large industrial companies have formed the Charter of Trust to define and implement principles that can make the digital world a safer place. The power of the CoT stems not only from the fact that it is driven from the very top of the organizations, but also that the implementation is based on the principle of “leading by example”. With cybersecurity having become a top priority among boards of organizations, implementation of the principles, as well as the necessary paradigm shifts are not discussed as merely an option but are instead implemented as an essential ingredient to the future digital business. To underscore this priority, leaders (typically CEOs) from global organizations were not only present at the start of the initiative in February 2018 but are also directly involved in regular CoT board meetings and have since pushed the initiative forward with great success. By making the Charter of Trust a top priority in their companies, CEOs are driving a culture change, which is critical to the success of the initiative. They are committed to creating baseline requirements for their supply chains and are declaring these standards binding for their companies and its business partners, again following the principle of “leading by example”. As a credible and reliable voice, the CoT members collaborate with key stakeholders around the world to achieve trust in cybersecurity for global citizens. The Charter of Trust shows that, even in times of imminent trade conflicts and growing mistrust, global collaboration at the highest levels is possible.

Year published
01 January 2018
Organization involved
Avatar Image
Siemens