Anti-Corruption

Anti-corruption encompasses the policies, systems, and practices that prevent, detect, and address bribery, corruption, extortion, and other forms of corrupt conduct in business operations and supply chains.

Corruption costs developing countries an estimated US$1.26 trillion annually and undermines economic development, rule of law, and public trust. The UN Convention against Corruption (UNCAC) provides the international legal framework. The UK Bribery Act 2010 and the US Foreign Corrupt Practices Act (FCPA) are the most influential anti-bribery laws, with extraterritorial reach. The UN Global Compact Principle 10 requires businesses to work against corruption in all its forms. GRI 205 (Anti-corruption) requires disclosure of operations assessed for corruption risks, confirmed incidents of corruption, and communication and training on anti-corruption policies. Key elements of an effective anti-corruption programme include tone from the top, risk assessment, policies and procedures, training and communication, due diligence on business partners, monitoring and reporting mechanisms, and whistleblower protection.

Further Reading

• ISO 26000 — Fair operating practices guidance
• OECD Guidelines for MNEs — Responsible business conduct

Key Resources

• Transparency International
• UN Convention against Corruption (UNCAC)

Related Topics

• Fair Operating Practices
• Human Rights
• SDG 16: Peace, Justice & Strong Institutions