THE FIGHT FOR A CONFIDENT FUTURE: Edelman Trust Barometer 2020 Singapore

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THE FIGHT FOR A CONFIDENT FUTURE: Edelman Trust Barometer 2020 Singapore
THE FIGHT FOR A
CONFIDENT FUTURE:

Edelman Trust
Barometer 2020
Singapore
THE FIGHT FOR A CONFIDENT FUTURE: Edelman Trust Barometer 2020 Singapore
20th ANNUAL                                                            General Online Population

EDELMAN TRUST                                                          1,150           Ages         All slides show general
                                                                                                    online population data
                                                                                                                                    Informed Public
                                                                       respondents     18+                                    500 respondents in U.S. and China;
BAROMETER                                                              per market
                                                                                                    unless otherwise noted
                                                                                                                              200 in all other markets

Methodology                                                                                                                   Represents 17% of total global population
                                                                                                                              Must meet 4 criteria
                                                                                                                              ‣ Ages 25-64
                                                                                                                              ‣ College-educated
                                                                                                                              ‣ In top 25% of householdincome per
                                                                                                                                age group in each market
                                                                                                                              ‣ Report significant media consumption
Online survey in 28 markets                                                                                                     and engagement in public policy and
                                                                                                                                business news
34,000+ respondents total

All fieldwork was conducted between                                                                                                 Mass Population
October 19 and November 18, 2019
                                                                                                                              All population not
                                                                                                                              including informed public
28-market global data margin of error: General population +/- 0.6%               2020 Gen Z oversample                        Represents 83% of total
(N=32,200), informed public +/- 1.2% (N=6,200), mass population +/-
0.6% (26,000+), half-sample global general online population +/-                250 respondents age 18-24 per market          global population
0.8% (N=16,100).
Market-specific data margin of error: General population +/- 2.9%
(N=1,150), informed public +/- 6.9% (N = min 200, varies by market),
China and U.S. +/- 4.4% (N=500), mass population +/- 3.0% to 3.6%
(N =min 736, varies by market).
Gen Z MOE: 28-market = +/- 1.5% (N=4,310)
Market-specific = +/- 5.3 to 10.5% (N=min 88, varies by market).                                                                                                       2
THE FIGHT FOR A CONFIDENT FUTURE: Edelman Trust Barometer 2020 Singapore
TRUST ESSENTIAL
FOR FUTURE
SUCCESS                                                       Consumers            Employees            Regulators
20 years of Edelman                          Trust
research on trust                           matters          Trusted companies       Trust drives      Trusted companies
                                                               have stronger          workplace           have greater
                                             to…             consumer buyers      recommendations      license to operate
                                                               and advocates

• 2M+ respondents

• 400+ companies
                                           Investors           Resilience          The market             Media
• 80k employee reviews                                        against risk                               coverage
• Interviews with 50+ business leaders   Trusted companies                        Trusted companies’
                                           are more likely   Trusted companies     stock outperform    Trusted companies
• 23M measures of trust                       to receive     are more resilient     their respective    are more immune
                                            institutional        in the face            sectors        to the media cycle
• Review of 150+ academic articles and       investment           of crisis
  80+ models of trust

• Trust and stock price analysis for
  80 companies

                                                                                                                            3
THE FIGHT FOR A CONFIDENT FUTURE: Edelman Trust Barometer 2020 Singapore
20 YEARS OF TRUST:
TRUST IS CRITICAL TO FUTURE SUCCESS

2001            2002            2003            2004             2005            2006             2007            2008           2009       2010

Rising          Fall of the     Earned Media    U.S.             Trust           A “Person Like   Business More   Young People   Trust in   Performance
Influence of    Celebrity CEO   More Credible   Companies in     Shifts from     Me” Emerges      Trusted Than    Have More      Business   and
NGOs                            Than            Europe Suffer    “Authorities”   as Credible      Government      Trust in       Plummets   Transparency
                                Advertising     Trust Discount   to Peers        Spokesperson     and Media       Business                  Essential to
                                                                                                                                            Trust

2011            2012            2013            2014             2015            2016             2017            2018           2019       2020

Business Must   Fall of         Crisis of       Business         Trust is        Growing          Trust in        The Battle     Trust      Trust:
Partner With    Government      Leadership      to Lead          Essential to    Inequality       Crisis          for Truth      at Work    Competence
Government to                                   the Debate       Innovation      of Trust                                                   and Ethics
Regain Trust                                    for Change

                                                                                                                                                           4
THE FIGHT FOR A CONFIDENT FUTURE: Edelman Trust Barometer 2020 Singapore
INCOME INEQUALITY NOW AFFECTS TRUST MORE
                                                                                                                                                                                          Distrust Neutral   Trust

THAN ECONOMIC GROWTH
Percent trust
                                               GDP Growth                                                                                  Income Inequality
                                         High growth               Low growth                                                           Less inequality           More inequality

                                            52                       50                                                                      50                       52
                                                                            47                                                                       46
                                                    43                                                                                                                        40
 Developed markets                                                                  Little effect                                                                                     High inequality
                                                                                    on trust                                                                                          linked to less trust
                                                                                                                                                                                      in government

                                            72                                                                                               69
                                                    64                                                                                               62               63
                                                                     60

                                                                            44
                                                                                                                                                                             38
 Developing markets                                                                 Low growth linked                                                                                High inequality
                                                                                    to less trust in                                                                                 linked to less trust
                                                                                    government                                                                                       in government

2020 Edelman Trust Barometer. TRU_INS. Below is a list of institutions. For each one, please indicate how much you trust that institution to do what is right. 9-point scale; top 4 box, trust.
General online population, 23-mkt avg., by developed and developing markets. High-growth economies are those with a Q2 2019 GDP of 1.4% or higher. Developing market high-growth
economies: China, Colombia, India, Indonesia, Kenya, Malaysia, UAE; low growth economies: Argentina, Brazil, Mexico, Russia, Saudi Arabia, S. Africa, Thailand. Developed market high-growth
economies: Australia, Canada, France, Ireland, The Netherlands, Spain, U.S.; low-growth economies: Germany, Hong Kong, Japan, Italy, Singapore, S. Korea, U.K.                                                       5
THE FIGHT FOR A CONFIDENT FUTURE: Edelman Trust Barometer 2020 Singapore
2019                      2020
                                                                                 General population        General population
CONTINUED
                                                                            53    Global 26           54    Global 26           Distrust Neutral   Trust
DISTRUST                                                                    79    China               82    China
                                                                                                                                (1-49)   (50-59)   (60-100)

                                                                            73    Indonesia           79    India                -        0

                                                                                                                                                   +
Trust Index
                                                                            72    India               73    Indonesia           Change, 2019 to 2020
                                                                            71    UAE                 65    UAE
                                                                            70    Saudi Arabia        62    Mexico
                                                                            62    Singapore           62    Singapore
                                                                                                                                Declines in
                                                                            59    Malaysia            61    Saudi Arabia
                                                                            58    Mexico              60    Malaysia
                                                                                                                                Saudi Arabia           -9
                                                                            56    Canada              57    The Netherlands
                                                                            55    Hong Kong           53    Canada
                                                                                                                                UAE                    -6
 Global Trust Index increases 1 pt., with                                   54    The Netherlands     53    Colombia
 increases in 16 of 26 markets measured                                     52    Colombia            51    Brazil
                                                                            49    U.S.                50    Hong Kong
                                                                                                                                Hong Kong              -5
                                                                            48    Australia           50    S. Korea
 12 of 26 markets are distrusters,                                                                                              Canada                 -3
                                                                            46    Argentina           49    Argentina
 down 2 from 2019
                                                                            46    Brazil              49    Italy
                                                                            46    Italy               47    Australia           U.S.                   -2
                                                                            46    S. Korea            47    U.S.
                                                                            45    S. Africa           46    Germany             Australia              +5
                                                                                                                                                       -1
                                                                            44    France              45    France
                                                                            44    Germany             45    Ireland             S. Africa              -1
                                                                                                                                                       -5
                                                                            43    U.K.                45    Spain
                                                                            42    Ireland             44    S. Africa
                                                                                                                                U.K.                   -1
                                                                            40    Spain               42    Japan
2020 Edelman Trust Barometer. The Trust Index is the average
percent trust in NGOs, business, government and media. TRU_INS.             39    Japan               42    U.K.
Below is a list of institutions. For each one, please indicate how          29    Russia              30    Russia
much you trust that institution to do what is right. 9-point scale; top 4
box, trust. General population, 26-mkt avg.                                                                                                                   6
THE FIGHT FOR A CONFIDENT FUTURE: Edelman Trust Barometer 2020 Singapore
2020                     2020
                                                                                 Informed public          Mass population      Trust gap
TRUST INEQUALITY
                                                                            65     Global 28         51      Global 28               14         Distrust Neutral   Trust
SETS NEW                                                                    90
                                                                            87
                                                                                   China
                                                                                   India
                                                                                                     77
                                                                                                     74
                                                                                                             China
                                                                                                             India
                                                                                                                                     13
                                                                                                                                     13
                                                                                                                                                (1-49)   (50-59)   (60-100)

RECORDS                                                                     82
                                                                            80
                                                                                   Indonesia
                                                                                   Saudi Arabia
                                                                                                     70
                                                                                                     64
                                                                                                             Indonesia
                                                                                                             UAE
                                                                                                                                     12
                                                                                                                                     11
Trust Index                                                                 78     Thailand          62      Thailand                16
                                                                            75     UAE               60      Singapore               11
                                                                            71     Mexico            59      Saudi Arabia            21
                                                                            71     Singapore         58      Malaysia                10
                                                                            68     Australia         58      Mexico                  13
                                                                            68     Malaysia          57      The Netherlands         10
                                                                            67     Canada            56      Kenya                   2
                                                                            67     The Netherlands   52      Colombia                10         Record trust inequality
 Mass population 14 points less trusting
                                                                            64     Germany           51      Canada                  16
                                                                            64     Italy             49      Brazil                  11
                                                                                                                                           Nr. of markets                 8
                                                                            63     France            49      Hong Kong               5     with record trust
 23 markets with double-digit trust gaps                                    62     Colombia          49      S. Korea                1     inequality at an
                                                                            60     Argentina         48      Argentina               12    all-time high
                                                                            60     Brazil            48      Italy                   16
                                                                            60     Ireland           45      Australia               23
                                                                            59     Spain             45      U.S.                    8
                                                                            58     Kenya             44      Germany                 20
                                                                            57     U.K.              44      S. Africa               5
                                                                            54     Hong Kong         43      Ireland                 17     1
                                                                            53     Japan             42      France                  21
                                                                            53     U.S.              42      Japan                   11
                                                                                                                                            2012                     2020
2020 Edelman Trust Barometer. The Trust Index is the average                50     S. Korea          42      Spain                   17
percent trust in NGOs, business, government and media. TRU_INS.             49     S. Africa         39      U.K.                    18
Below is a list of institutions. For each one, please indicate how
                                                                            41     Russia            27      Russia                  14
much you trust that institution to do what is right. 9-point scale; top 4
box, trust. Informed public and mass population, 28-mkt avg.                                                                                                                  7
THE FIGHT FOR A CONFIDENT FUTURE: Edelman Trust Barometer 2020 Singapore
PESSIMISTIC ABOUT ECONOMIC PROSPECTS
Percent who believe they and their families will be better off in five years’ time                                                                                        -          0             Change, 2019 to 2020

                                                                                                                                                                                              +
                                        Majority pessimistic in 15 of 28 markets

                                                                                                                                                                                                                  90
                                                                                                                                                                                              77     77     80
                                                                                                                                                                                         75
                                                                                                                                                              68     69       70
                                                                                                                                                       66
                                                                                                                          57     58     59     60

 47
                                                                                                            42     43
                                                                        34     35      36     37     37
                                            29     31     31     32
                                     27
                              23
                       19
                15

l llllllllllllllllllllllllllll
  -5            -3     -4     -4     -2     -7     -9      0      -2     -6     -2     -4    -10     -9     -8     -7     +1      -2    n/a    -10     -9     -4     -6       -4         +3   -8     -5     -3    n/a

2020 Edelman Trust Barometer. CNG_FUT. Thinking about the economic prospects for yourself and your family, how do you think you and your family will be doing in five years’ time?
5-point scale; top 2 box, better off. General population, 26-mkt avg.                                                                                                                                                     8
THE FIGHT FOR A CONFIDENT FUTURE: Edelman Trust Barometer 2020 Singapore
CAPITALISM UNDER FIRE
Percent in Singapore who agree                                 -        0

                                                                                   +
                                                                                       Change, 2019 to 2020

How true is this for you?
                                                                                                                                         Capitalism as it exists today
                                                                                                                                         does more harm than
Sense of injustice            68                                                                                                         good in the world
Desire for change             67                                              44

Lack of confidence            53

Lack of hope                  19
                                                                                                  31
                                                          26

The system is…
                                                          -2

                                                 Working for me
                                                                              +2

                                                                            Not sure
                                                                                                 +1

                                                                                            Failing me
                                                                                                                                                  54                              %
2020 Edelman Trust Barometer. “System failing” measure. For full details on how the “system failing” measure was calculated, please refer to the Technical Appendix. POP_MDC. Below is a
list of statements. For each one, please rate how true you believe that statement is. 9-point scale; top 4 box, true. General population, Singapore. Sense of injustice is an average of
POP_MDC/1,2,3,8; Desire for change is POP_MDC/9; Lack of confidence is POP_MDC/10; Lack of hope is an average of POP_MDC/18,19,20 [reverse scored]. TMA_SIE_SHV. Please indicate
                                                                                                                                                                                           9
how much you agree or disagree with the following statements. 9-point scale; top 4 box, agree. Question asked of half of the sample. General population, Singapore.
TAKING THE FUTURE INTO THEIR OWN HANDS

  Climate Change             Automation             Income Inequality            #MeToo

      Paris, February 2019    Angers, August 2019        London, November 2019   Oregon, December 2019

      Students protest        Unions protest a           McDonald’s              Nike employees
      to draw attention       Géant automated            employees protest       protest company’s
      to climate change       supermarket                for higher wages        treatment of women

                                                                                                         10
GOVERNMENT:
        TRUST AND PERFORMANCE

Photo by Siti Rahmanah Mat Daud on Unsplash
MOST SINGAPORE
INSTITUTIONS SEEN AS                                                                                 ETHICAL
                                                                                                           35
ETHICAL AND COMPETENT
(Competence score, net ethical score)                                                                                 Government
                                                                                                                      (7, 26)
    Singapore             Global                                                                                     NGOs
                                                                                                                     (5, 20)
                                                                                                                        Singapore
                                                                                                NGOs
                                                                                                  Media                   Business
                                                                                                 (-1, 10)                (11, 9)

             LESS COMPETENT                          - 50                                                                                                      50       COMPETENT
                                                                                                                     Business
                                                                                          Media

                                                                  Government

                                                                                                           -35

                                                                                                  UNETHICAL

2020 Edelman Trust Barometer. The ethical scores are averages of nets based on [INSTITUTION]_PER_DIM r1-r4. Question asked of half of the sample. The competence score is a net based
on TRU_3D _[INSTITUTION] r1. Depending on the question it was either asked of the full of half the sample. General population, 25-mkt avg and Singapore. Data not collected in China, Russia
and Thailand. For full details regarding how this data was calculated and plotted, please see the Technical Appendix.                                                                          12
TRUST IN GOVERNMENT
                                                                                                                                                                   -        0

                                                                                                                                                                                    +
INCREASES IN 15 OF 26 MARKETS                                                                                                                                     Change, 2019 to 2020           Distrust Neutral   Trust

Percent trust in government

                                                            Distrusted in 17 markets                                                                                                                                90
                                                                                                                                                                                                             81
                                                                                                                                                                                                 76    78
                                                                                                                                                                                          75
                                                                                                                                                                                   70

                                                                                                                                                             58        59   60
                                                                                                                                              50     51
  49
                                                                                                                43      44     44      45
                                                                                          41      41     42
                                                                            37     39
                                              34     34      35     36
                               33      33
                        30
                20

l llllllllllllllllllllllllllll
  +1             -1     +4      -4     -1     +3     n/a     +3      -6     +9     -1     +3      -2     -13     +4    -+2     +10     +5     -3     +3      -2        +5   n/a    +3      0     -6    +2    +7     +4

2020 Edelman Trust Barometer. TRU_INS. [Government in general] Below is a list of institutions. For each one, please indicate how much you trust that institution to do what is right. 9-point
scale; top 4 box, trust. General population, 26-mkt avg.                                                                                                                                                                    13
GOVERNMENT:
COMPETENCE AND ETHICS                                                                                                ETHICAL
                                                                                                                                                                                                                                   X    Y

                                                                                                                                                                                                                    n        KSA   17   38
                                                                                                                            35
ACROSS MARKETS                                                                                                                                 UAE
(Competence score, net ethical score)                                                                                               SIN                           n Government doing best at:
                                                                                                                                                                  Maintain law and order                       75
                                                                                                                                              IND
                                                                                                                                                                  Safe, modern infrastructure                  73
                                                                                                                                       IDN
                                                                                                                                                                  Intl. alliances, defense                     70

               LESS COMPETENT                                 - 50                                                                                                                      50         COMPETENT
                                                                                                   NED            MAS
                     X        Y
 n     RSA         -103      -64                                         GER CAN
 n     ESP          -80      -38                                                                   KOR
                                                                          AUS
 n     ARG          -74      -29                                                 FRA
 n     COL          -69      -43                                         IRL JAP
 n     ITA          -69      -43
 n     KEN          -69      -41                                            U.S.
 n     BRA          -64      -40                                                                                            -35
 n     U.K.         -61      -31
 n      HK          -56      -29
                                                                                                                  UNETHICAL
 n     MEX          -52      -36

2020 Edelman Trust Barometer. The ethical scores are averages of nets based on [INSTITUTION]_PER_DIM r1-r4. Question asked of half of the sample. The competence score is a net based on TRU_3D
_[INSTITUTION] r1. Depending on the question it was either asked of the full of half the sample. General population, by market. Data not collected in China, Russia and Thailand. For full details regarding how this data
was calculated and plotted, please see the Technical Appendix.                                                                                                                                                                               14
WORRY ABOUT THE FUTURE OF WORK
Percent of employees in Singapore who worry about job loss due to each issue

                                                                                                                  Looming recession                                                             67
            I worry about losing my job
            due to one or more of these causes                                                      Immigrants who work for less                                                                67

                                                                                                            Freelance/gig economy                                                               67

                                                                                                               Lack of training/skills                                                          66

                                                                                                     Cheaper foreign competitors                                                               64

                        88                              %
                                                                                                  Jobs moved to other countries

                                                                                                                            Automation
                                                                                                                                                                                          60

                                                                                                                                                                                          59

2020 Edelman Trust Barometer. POP_EMO. Some people say they worry about many things while others say they have few concerns. We are interested in what you worry about. Specifically,
how much do you worry about each of the following? 9-point scale; top 4 box, worried. Job loss net = codes 1,2,3,4,5,23,24. General population, Singapore, among those who are employed
(Q43/1).                                                                                                                                                                                             15
WORRY TECHNOLOGY IS OUT OF CONTROL
Percent in Singapore who agree

   The pace of change in                                       I worry technology will make                               Government does not                                         Trust in technology
                                                                                                                                                                                      2019-2020
   technology is too fast                                      it impossible to know if what                              understand emerging
                                                               people are seeing or                                       technologies enough to                                      Global 26              -4
                                                               hearing is real                                            regulate them effectively
                                                                                                                                                                                      Largest declines in:

                                                                                                                                                                                      France                 -10

                                                                                                                                                                                      Canada, Italy,
                                                                                                                                                                                      Russia, Singapore      -8

         72 74 31                         %                                                         %                                                         %
2020 Edelman Trust Barometer. CNG_POC. For the statements below, please think about the pace of development and change in society today and select the response that most accurately
                                                                                                                                                                                      U.S.

                                                                                                                                                                                      Australia
                                                                                                                                                                                                             -7

                                                                                                                                                                                                              -6

represents your opinion. 9-point scale; top 4 box, fast. Singapore. ATT_MED_AGR. Below is a list of statements. For each one, please rate how much you agree or disagree with that statement.
9-point scale; top 4 box, agree. Singapore. PER_GOV. How well do you feel the government is currently doing each of the following? 5-point scale; bottom 3 box, not doing well (data excludes
DK responses). Singapore. TRU_IND. Please indicate how much you trust businesses in each of the following industries to do what is right. 9-point scale; top 4 box, trust. 26-mkt avg. All                         16
questions asked of half of the sample among the general population.
WORRY ABOUT QUALITY INFORMATION
Percent in Singapore who agree

                        The media I use are contaminated                                                               I worry about false information or fake
                        with untrustworthy information                                                                 news being used as a weapon

                                       59                              %                                                    77                              %
                                                                                                                                                                           +8 pts

                                                                                                                                                                           Change,
                                                                                                                                                                         2018 to 2020

2020 Edelman Trust Barometer. ATT_MED_AGR. Below is a list of statements. For each one, please rate how much you agree or disagree with that statement. 9-point scale; top 4 box, agree.
Question asked of half of the sample. General population, Singapore.                                                                                                                       17
SCIENTISTS, PEERS MORE TRUSTED
THAN SOCIETAL LEADERS

                               “
                                                                                         Percent trust in Singapore                                                                                    Distrust Neutral   Trust

    I do not have confidence that
    our current leaders will be able                                                      72
                                                                                                           69
                                                                                                                            66               64
    to successfully address our
   country’s challenges
                               “                                                                                                                              58
                                                                                                                                                                               54
                                                                                                                                                                                                  51

                                                                                                                                                                                                               39

            53                                %                                      Scientists      People in my Citizens of Government
                                                                                                        local
                                                                                                      community
                                                                                                                  my country    leaders
                                                                                                                                                          Religious
                                                                                                                                                           leaders
                                                                                                                                                                          Journalists         CEOs          The very
                                                                                                                                                                                                            wealthy

2020 Edelman Trust Barometer. POP_MDC. Below is a list of statements. For each one, please rate how true you believe that statement is. 9-point scale; top 4 box, true. TRU_PEP.
Below is a list of groups of people. For each one, please indicate how much you trust that group of people to do what is right. 9-point scale; top 4 box, trust. General population, Singapore.                                   18
PARTNERSHIP BETWEEN BUSINESS
AND GOVERNMENT ESSENTIAL ON JOBS
Percent who say each institution is the one they trust most to address each challenge (global data in background)

                        Protect workers in the gig economy                                                            Workforce retraining necessary
                                                                                                                               as a result of automation

 In Singapore                                                                                                                                                             In Singapore
                                                    Media                                                                                      Media
 Government                     53                                                                                                               8                        Government     53
                                                      9            NGO                                                                                      NGO

 Business                       26                               18                                                                                      17               Business       27
                                                                                                                               Business
 NGO                            14    Government                                                                                                                          NGO            12

 Media                           8
                                     40
                                                                             Business

                                                                             32                                            42                                     Government

                                                                                                                                                                    32
                                                                                                                                                                          Media          8

2020 Edelman Trust Barometer. INS_ADD. For each of the challenges described below, please indicate whether you trust business, government, media or NGOs the most to address that
challenge and develop workable solutions. Question asked of half of the sample. General population, 28-mkt avg (in background graphic) and Singapore.                                         19
BUSINESS:
        CATALYST FOR CHANGE

Photo by Mike Enerio on Unsplash
TRUST IN BUSINESS
                                                                                                                                                                    -        0

                                                                                                                                                                                      +
INCREASES IN 15 OF 26 MARKETS                                                                                                                                     Change, 2019 to 2020                Distrust Neutral   Trust

Percent trust in business

                        Distrusted in 7 markets
                                                                                                                                                                                                                   82     82
                                                                                                                                                                                                            79
                                                                                                                                                                                            72        73
                                                                                                                                                                              66     68
                                                                                                                                                63     64      64       65
                                                                                                                                        62
  58                                                                                                              57     58      58
                                                                                            52     52     53
                                               48     48      49     50      50     50
                         45     45     47

                 35

l llllllllllllllllllllllllllll
  +1             +1      0      +6      0      +1     +4     +5       0     +6      -4     +3      0      -3      +4     -2      0      +2     +2      +6     n/a       -8   +1      -6     +1        n/a   0     +2     +5

2020 Edelman Trust Barometer. TRU_INS. [Business in general] Below is a list of institutions. For each one, please indicate how much you trust that institution to do what is right. 9-point scale;
top 4 box, trust. General population, 26-mkt avg.                                                                                                                                                                                21
BUSINESS: COMPETENCE AND
                                                                                                                                                              n Business doing best at:
ETHICS ACROSS MARKETS ETHICAL                                                                                                                                 Driving economic prosperity                58

(Competence score, net ethical score)                                                                            35                                           Generating value for owners                57
                                                                                                                                                              Engine of innovation                       55

                                                                                                                                  UAE
                                                                                                                                              IND
                                                                                                                       KSA            IDN
                                                                                                                   SIN     MAS
                                                                                                                 KEN
                                                                                                                         COL      MEX
                                                                                                                    JAP           NED
             LESS COMPETENT                             - 50                                                                 BRA
                                                                                                                                                                       50        COMPETENT
                                                                                                                 ESP   U.S.
                                                                                                                        AUS
                                                                                                            ITA RSA U.K.      CAN
                                                                                                               GER     IRL     KOR
                                                                                                                   ARG        H.K.
                                                                                                                        FRA

                                                                                                                -35

                                                                                                       UNETHICAL
2020 Edelman Trust Barometer. The ethical scores are averages of nets based on [INSTITUTION]_PER_DIM r1-r4. Question asked of half of the sample. The competence score is a net based
on TRU_3D _[INSTITUTION] r1. Depending on the question it was either asked of the full of half the sample. General population, by market. PER_[INSTITUTION]. How well do you feel
[institution] is currently doing each of the following? 5-point scale; top 2 box, doing well. Question asked of half of the sample. General population, Singapore. Data not collected in China, Russia
and Thailand. For full details regarding how this data was calculated and plotted, please see the Technical Appendix.”                                                                                        22
SERVE THE INTERESTS OF ALL STAKEHOLDERS

Percent in Singapore who ranked each group as most important                                                                                    Percent in Singapore who agree

                Communities

                  13
                      15
             Shareholders
                                          Employees

                                              39                                          87
                                                                                       Stakeholders, not
                                                                                                                          %                                    71
                                                                                                                                                      a company can take actions
                                                                                                                                                                                           %
                                Customers
                                                                                       shareholders, are most                                         that both increase profits
                                   32                                                  important to long-term                                         and improve conditions in
                                                                                       company success                                                communities where it operates

2020 Edelman Trust Barometer. PPL_RNK. Please rank the following four groups of people in terms of their importance to a company achieving long-term success. Give the most important
group a rank of 1 and the least important a rank of 4. Stakeholders is a net of “Communities,” “Customers,” and “Employees”. TMA_SIE_SHV. Please indicate how much you agree or disagree
with the following statements. 9-point scale; top 4 box, agree. Question asked of half of the sample. General population, Singapore.                                                           23
CEOS MUST LEAD
Percent in Singapore who agree

It is important that my employer’s CEO speak out on                                                                                                CEOs should take the lead
one or more of these issues                                                                                                                        on change rather than waiting
                                                                                                                                                   for government to impose it
                                                                                    Training for jobs of the future               83

                                                                                    Automation’s impact on jobs                   81

                                                                                    Diversity                                     80

                        92                  %
                                                                                    Ethical use of tech

                                                                                    Income inequality
                                                                                                                                  80

                                                                                                                                  77
                                                                                                                                                               80                  %
                                                                                                                                                                                               + 13
                                                                                                                                                                                                pts
                                                                                    Climate change                                73

                                                                                    Immigration                                   63                                                          Change,
                                                                                                                                                                                            2018 to 2020

2020 Edelman Trust Barometer. CEO_ISS. How important is it to you that the CEO or head of the organization you work for speaks out publicly about each of the following issues? 9-point
scale; top 4 box, important. Question asked of those who are an employee (Q43/1). Issues is a net of codes 1-7. General population, Singapore. CEO_AGR. Thinking about CEOs, how strongly
do you agree or disagree with the following statement? 9-point scale; top 4 box, agree. Question asked of half of the sample. General population, Singapore.                                               24
MEDIA:
        TRUST AND PERFORMANCE

Photo by Elliot Teo on Unsplash
TRUST IN MEDIA RISES IN 16 OF 26 MARKETS
                                                                                                                                                                     -        0

                                                                                                                                                                                      +
BUT IS DOWN IN SINGAPORE                                                                                                                                            Change, 2019 to 2020               Distrust Neutral   Trust

Percent trust in media

                                                        Distrusted in 16 markets

                                                                                                                                                                                                                          80
                                                                                                                                                                                                                   73
                                                                                                                                                                                                             69
                                                                                                                                                                                                       64
                                                                                                                                                                                     58     59
                                                                                                                                                                         55   56
                                                                                                                                        52     53      53     53
  49                                                                                                      48      48     49      49
                                                                                           44      46
                                                                     42     42      43
                                                      39     40
                        35      37     37     37
                 28

l llllllllllllllllllllllllllll
  +1             +2      -2     +1     +2      +2     -1      -1     +4     +6      +1     +3     -17     +4       0     +5      +4     -2      -4     +1      -7        -1   n/a    +2     +6     n/a       -1    +9     +4

2020 Edelman Trust Barometer. TRU_INS. [Media in general] Below is a list of institutions. For each one, please indicate how much you trust that institution to do what is right. 9-point scale; top
4 box, trust. General population, 26-mkt avg.                                                                                                                                                                                     26
MEDIA: COMPETENCE AND
ETHICS ACROSS MARKETS                                                                                                ETHICAL

(Competence score, net ethical score)                                                                                       35

                                                                                                                                        KEN
                                                                                                                                                               IDN
                                                                                                                        SIN
                                                                                                                                       IND
                                                                                          KSA                                         NED
                                                                                                              H.K. CAN
                                                                                             GER                 UAE              MAS
               LESS COMPETENT                                 - 50                                                                                                                      50         COMPETENT
                                                                                                  U.S.
                                                                                               AUS
                     X        Y                                                          ESP BRA RSA
 n     JAP          -57      -23                                              U.K.         IRL
                                                                                                   MEX
                                                                                     ITA COL FRA
                                                                                                                   KOR
                                                                                   ARG

                                                                                                                            -35

                                                                                                                  UNETHICAL

2020 Edelman Trust Barometer. The ethical scores are averages of nets based on [INSTITUTION]_PER_DIM r1-r4. Question asked of half of the sample. The competence score is a net based on TRU_3D
_[INSTITUTION] r1. Depending on the question it was either asked of the full of half the sample. General population, by market. Data not collected in China, Russia and Thailand. For full details regarding how this data
was calculated and plotted, please see the Technical Appendix.                                                                                                                                                               27
CHAMPION RELIABLE SOURCES
Percent who trust each source of news                                                                                                    Search       Traditional media       Owned media          Social media

                                                                                                                                                                    -        0

                                                                                                                                                                                      +
                                                                                                                                                                                           Change, 2019 to 2020

                Singapore

                                                                                                                                                                                 71
                64                                                                 63                                                          64
                                                                                                                    61                               60                               59
         57                                                                 55                                                                                                                57
                                                                                                             54                                                                                      52
                                                                                                                                                            48     47
                       45                                                                    43
                              41
                                                                                                                           36
                                                                                                  29                              29

       llll
          -9    -7     -3     -5
                                                                          llll llll llll llll
                                                                            -3     -2        -2   -4          -7     -4    -6     -5           -4     -6    -5     -3            -4   -7      -3     -1

                                                                                        EU                         U.S./Canada                      APACMEA                           LATAM

2020 Edelman Trust Barometer. COM_MCL. When looking for general news and information, how much would you trust each type of source for general news and information? 9-point scale;
top 4 box, trust. Question asked of half of the sample. General population, Singapore and by region.                                                                                                              28
TRADITIONAL MEDIA AND SEARCH ENGINES MOST TRUSTED
Percent trust in each source for general news and information in Singapore

                         75
                                                                                                                                      71
                                                        70                                                                70
                                         68
                                                                                         64
                         67                                              63                              62                                              64                    Traditional media
                                                         62                                                                           66
                                          62                                             63
                                                                         62                              62               62
                                                                                                                                                                               Search engines*
                         55                                                                                                                              57

                                                                                                                                                                               Owned media
                                                         48                                                                           48
                                                                         47
                        49               45                                              45                              45
                                                                                                                                                         45                    Social media
                                                                                                                                      46
                                        45              46                               45             41
                                                                         43                                                                              41
                                                                                                        41                41

                       2012            2013            2014            2015            2016            2017              2018       2019            2020

2020 Edelman Trust Barometer. COM_MCL. When looking for general news and information, how much would you trust each type of source for general news and information? 9-point scale;
top 4 box, trust. Question asked of half of the sample. General population, Singapore.
*From 2012-2015, “Online Search Engines” were included as a media type. In 2016, this was changed to “Search Engines.”                                                                             29
EXPERTS AND PEERS MOST CREDIBLE
Percent in Singapore who rate each source as very/extremely credible                                                                                                            -

                                                                                                                                                                                                     +
                                                                                                                                                                                          0              Change, 2019 to 2020

        64
                            61

                                                 50                  49                  47                   46                  44                  42
                                                                                                                                                                           39                   39
                                                                                                                                                                                                                   33

    l l l l l l l l l l l
        +7

   Company
                            +3

                        Academic
                                                 +5

                                          Government
                                                                      -3

                                                                 A person
                                                                                         +2

                                                                                        CEO
                                                                                                              +4

                                                                                                         Board of
                                                                                                                                  +3

                                                                                                                              Regular               NGO
                                                                                                                                                       -5                 -11

                                                                                                                                                                      Financial
                                                                                                                                                                                                -9

                                                                                                                                                                                         Successful
                                                                                                                                                                                                                   -2

                                                                                                                                                                                                              Journalist
technical expert         expert             official           like yourself                             directors           employee          representative         industry          entrepreneur
                                                                                                                                                                       analyst

2020 Edelman Trust Barometer. CRE_PPL. Below is a list of people. In general, when forming an opinion of a company, if you heard information about a company from each person, how
credible would the information be—extremely credible, very credible, somewhat credible, or not credible at all. 4-point scale; top 2 box, credible. Spokespeople asked of half of the sample.
General population, Singapore.                                                                                                                                                                                                  30
SUMMARY

Photo by Tomas Vyšniauskas on Unsplash
ADDRESSING GREATEST FAILURES
GETS EVERY INSTITUTION TO TRUST
Percent who think each institution is doing well/very well on the issue,                                                                                                                           Distrust Neutral   Trust

and the potential trust gains associated with doing each well
 NGOs                                                     Business                                                Government                                               Media

  Transparency about funding​                  35​        Partner with NGOs​                            33         Reduce partisanship                           26         Keep social media clean​                  34

  Expose corruption​                           35​        Jobs that pay a decent wage​                  35​        Partner with NGOs                             30         Being objective​                          35

  Avoid becoming politicized​                  35​        Partner with government​                      37         Community-level problems                      31         Information quality​                      38

  Partner with government​                     38​        Deal fairly with suppliers                    40         Social services for the poor                  34         Important vs sensationalized​             38

  Partner with business​                       38​        Contribute to communities​                    41         Partner with business                         34         Differentiate opinion and fact​           39

                                                                                       75
                               72
                                                                                                                                                                                                     69
                                                                                                                                               65
                     59                                                      58

                                                                                                                                     48                                                     49

                        +13                                                     +17                                                    +17                                                     +20

2020 Edelman Trust Barometer. Regression analysis. PER_[INSTITUTION]. How well do you feel [institution] is currently doing each of the following? 5-point scale; top 2 box, doing well.
Question asked of half of the sample. General population, 25-mkt avg. Data not collected in China, Russia and Thailand. TRU_INS. Below is a list of institutions. For each one, please indicate
how much you trust that institution to do what is right. 9-point scale; top 4 box, trust. General population, 25-mkt avg (excluding CN, RU, and TH). For a full explanation of how this data was
calculated, please see the Technical Appendix.                                                                                                                                                                                32
ADDRESS GREATEST FAILURES
TO IMPROVE TRUST IN SINGAPORE
Percent in Singapore who think each institution is doing well/very well on the
issue, showing five greatest areas for improvement

 NGOs                                                   Business                                                Government                                              Media

  Expose corruption                           38         Partner with NGOs​                           40         Reduce partisanship                          51        Exposing corruption​              43

  Transparency about funding                  40         Jobs that pay a decent wage​                 43         Partner with NGOs                            53        Let people be heard               43

  Avoid becoming politicized​                 41​        Contribute to communities                    43​        Protect civil and human rights               56        Being objective                   46

  Set goals, give public updates              42         Sustainable business practices               44         Social services for the poor                 56        Keep social media clean           46

  Global-level problems                       42         Invest in employee training                  48         Community-level problems                     57        Differentiate opinion and fact​   47

2020 Edelman Trust Barometer. PER_[INSTITUTION]. How well do you feel [institution] is currently doing each of the following? 5-point scale; top 2 box, doing well. Question asked of half of
the sample. General population, Singapore. Data not collected in China, Russia and Thailand.                                                                                                                   33
BUILDING A CONFIDENT FUTURE:
BUSINESS (HAS YET) TO LEAD IN PARALLEL

                   • Labour force upskilling /
                     reskilling

                   • Data privacy and security

                   • War against fake news

                   • Reducing workplace prejudice
      GOVERNMENT     and discrimination             BUSINESS
                   • Drive economic prosperity

                   • Communicate change

                   • Traditional and owned media
                     optimized for search

                                                               34
THE FIGHT FOR A
CONFIDENT FUTURE:

Edelman Trust
Barometer 2020
Singapore
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