Corruption exists in various forms in almost all companies, industries and countries. Increased business and transaction costs, distorted competition and reduced economic growth are just some of the consequences. Through compliance and adherence to the rules, companies can act against fraud, bribery, extortion and other forms of corruption.
As value chains become more complex and diverse, and we see a range of challenges being integrated including the connections between human rights, labour issues, environment and corruption, businesses need to understand the risks and drivers of corruption — and how to address them within their organizations.
Global Initiatives of the UN Global Compact
Action Platform for Peace, Justice and Strong Institutions
The Action Platform for Peace, Justice and Strong Institutions aims to develop and promote global business standards in understanding, implementing and reporting on businesses’ engagement in these areas.