BUSINESSES SHOULD WORK AGAINST CORRUPTION IN ALL ITS FORMS, INCLUDING EXTORTION AND BRIBERY.
What can companies do?
The UN Global Compact suggests that participants consider the following three elements when fighting corruption and implementing the 10th principle:
- Internal: As a first and basic step, introduce anti-corruption policies and programmes within their organizations and their business operations;
- External: Report on the work against corruption in the annual Communication on Progress; and share experiences and best practices through the submission of examples and case stories;
- Collective Action: Join forces with industry peers and with other stakeholders to scale up anti-corruption efforts, level the playing field and create fair competition for all. Companies can use the Anti-Corruption Collective Action Hub to create a company profile, propose projects, find partners and on-going projects as well as resources on anti-corruption collective action;
- Sign the “Anti-corruption Call to Action”, which is a call from Business to Governments to address corruption and foster effective governance for a sustainable and inclusive global economy. Your company’s participation in this Call to Action underscores your continued efforts to integrate anti-corruption into your strategies and operations. Learn more about the Call to Action and how to sign.
(Source: Principle 10)