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UN Global Compact releases guidance on how companies can fight corruption

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Playbook on Anti-Corruption Collective Action will help companies work with others to fight corruption

New York, NY, June 22, 2021 (GLOBE NEWSWIRE) — UNITED NATIONS, New York, 22 June 2021 — Guidance on fighting corruption for companies and other stakeholders from civil society and the public sector was launched on 17 June 2021 at the UN Global Compact Leaders Summit.

The high-level session entitled “UNITING AGAINST CORRUPTION: Launch of the UN Global Compact Anti-Corruption Collective Action Playbook” featured speakers from BASF S.A., National Agency on Corruption Prevention of Ukraine, Siemens Integrity Initiative and Global Compact Network India. The publication follows the recently concluded “Special Session of the UN General Assembly against corruption” (UNGASS).

Through a six-step approach, the Uniting against Corruption: A Playbook on Anti-Corruption Collective Action enables companies to make a clear diagnosis of their local corruption landscape, identify and engage stakeholders and apply the Collective Action methodology to address identified corruption challenges and to mitigate potential business risks. While private sector efforts have traditionally focused on developing and implementing internal anti-corruption compliance programs as a response to international and national legal and regulatory standards and frameworks, Collective Action can complement existing regulation or fill a void when regulation is inexistent or not enforced.

Commenting on the Playbook launch, CEO & Executive Director of the UN Global Compact, Sanda Ojiambo, said: “Corruption hinders economic growth and social development and can weaken much-needed trust in public institutions and businesses, wasting supplies and resources. Collective Action is important to advance integrity and achieve a level playing field for all market actors. This Playbook is an important tool for ensuring we can bring an end to a systemic issue that is too complex for any one company to tackle alone.”

The Playbook is part of the UN Global Compact’s work on the Tenth Principle which states that “Businesses should work against corruption in all its forms, including extortion and bribery.” The Playbook is part of the UN Global Compact Project “Scaling up Anti-Corruption Collective Action within Global Compact Local Networks,” which is funded under the Third Funding Round of the Siemens Integrity Initiative.

About the United Nations Global Compact

As a special initiative of the UN Secretary-General, the United Nations Global Compact is a call to companies everywhere to align their operations and strategies with Ten Principles in the areas of human rights, labour, environment and anti-corruption. Our ambition is to accelerate and scale the global collective impact of business by upholding the Ten Principles and delivering the Sustainable Development Goals through accountable companies and ecosystems that enable change. With more than 12,000 companies and 3,000 non-business signatories based in over 160 countries, and 69 Local Networks, the UN Global Compact is the world’s largest corporate sustainability initiative — one Global Compact uniting business for a better world.

For more information, follow @globalcompact on social media and visit our website at unglobalcompact.org

CONTACT

Alex Gee +447887 804594

alex@mackworthassociates.com and media@unglobalcompact.org

CONTACT: Media Team United Nations Global Compact (212) 907-1301 media@unglobalcompact.org

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