Transparency and openness are basic scientific values. They are at the heart of practices that accelerate discovery and broaden access to scientific knowledge. We make the case that transparency and openness are essential values and principles for the enduring influence of child development research and for SRCD’s ability to deliver on, sustain, and nurture its mission for the benefit of diverse global stakeholders and constituents. A companion paper (Gilmore et al., 2019) discusses the challenges with realizing SRCD's vision for a science of child development that is open, transparent, robust, impactful, and conducted with the highest standards of integrity. Here, we discuss the opportunities and ways in which the society can set standards and recommendations to ensure the full integration of such transparency and openness for the future of developmental science.