Home Membership Events Resources News Services
11 Oct, 2010
News heading Three




The Global Compact Anti-Corruption principle is derived from the United Nations Convention against Corruption.


Principle 10: Businesses should work against corruption in all its forms, including extortion and bribery


Corruption is recognized to be one of the world's greatest challenges. It is a major hindrance to sustainable development, with a disproportionate impact on poor communities and is corrosive on the very fabric of society. The impact on the private sector is also considerable - it impedes economic growth, distorts competition and represents serious legal and reputational risks.

The rapid development of rules of corporate governance around the world is also prompting companies to focus on anti-corruption measures as part of their mechanisms to protect their reputations and the interests of their shareholders. Their internal controls are increasingly being extended to a range of ethics and integrity issues and a growing number of investment managers are looking to these controls as evidence that the companies undertake good business practice and are well managed.

By partnering with the UN Office on Drugs and Crime (UNODC), Transparency International (TI), the International Chamber of Commerce (ICC ), the World Economic Forum Partnership Against Corruption Initiative (PACI) and the World Bank Institute (WBI), the UN Global Compact contributes to the fight against corruption by providing a platform for learning and dialogue and by offering guidance to companies on how to implement principle 10.


Global Compact Working Group on the 10th Principle

The goal of the multi-stakeholder working group is to provide strategic input to the Global Compact’s work on anti-corruption and to define the needs of the business community in implementing the 10th principle. The Working Group aims to contribute to greater coherence by supporting the alignment of existing initiatives and avoiding the duplication of efforts.

International Anti-Corruption Day (9 December)

The Global Compact encourages participants to promote activities against corruption. Read about activities that agencies are engaging in to fight corruption in all of its forms. OECD, Transparency International, UNODC.



Global Compact Launches Reporting Guidance on Anti-Corruption

A task force of the Global Compact Working Group on Anti-Corruption developed a guidance document on Anti-Corruption Reporting. The tool provides practical guidance on a broad set of reporting elements and is rooted in existing reporting practice. Companies participating in the Global Compact are encouraged to familiarize themselves with the reporting guidance.



CEO Letter calls for Greater Adherence to UN Anti-Corruption Convention

In a Letter to UN Secretary-General Ban Ki-moon, Chief Executives from leading companies called on governments to more effectively and robustly implement the UN Convention against Corruption by adopting an effective implementation review mechanism at the Conference of States Parties (Doha, November 2009). The letter was signed by 24 CEO's at the invitation of the International Chamber of Commerce, Transparency International, the World Economic Forum-Partnering Against Corruption Initiative and the Global Compact and initiated a broader campaign inviting business leaders across the globe to sign the statement in support of the Convention.

The CEO letter campaign was a significant contributing factor to the agreement at the Conference of the State Parties to include the private sector in the list of actors that should be consulted in carrying out the reviews.



Anti-Corruption Tools Inventory

The Anti-Corruption Tools Inventory is intended to guide companies through various initiatives and tools relevant to implementing the 10th principle. The inventory consists of existing anti-corruption tools and resources, organized by categories such as "Voluntary Principles", "Reporting" and "Grey Areas". The tools included in the inventory are meant to offer guidance and assistance to companies in their fight against bribery and corruption and can all be accessed free of charge or at a token amount.


© 2010 Global Compact Network Bangladesh All Rights Reserved. Powered by Deshlink