Governance Research Digest – June 2012
A new report by the UN Global Compact was developed to highlight the importance of ethics and compliance in delivering corporate sustainability’s full potential. The publication illustrates a range of corporate actions to implement the Global Compact’s tenth principle on anti-corruption around the world.
- Over the last ten years, the field of anti-corruption, ethics and compliance has developed significantly as corporate awareness of these issues increases with changing legal and social environments.
- However the 10th Principle Against Corruption remains one of the most difficult areas to implement.
- Anti-corruption is also a least-reported issue area among UN Global Compact participants’ annual Communications on Progress.
- Exciting promises of a low-carbon economy and sustainable future are often constrained by weak governance and rampant corruption.
- Transparency and strong anti-corruption measures will contribute significantly to realising sustainability priorities.
- Since the introduction of the 10th Principle in 2003, the UN Global Compact has led efforts to integrate the anti-corruption agenda into the corporate sustainability movement by building the business case, developing tools and resources, and convening collective action at the country level.
- Highlighting the potential of collective action as an effective mechanism to address corruption risks, the publication features five organisations from Brazil, China, Kenya, Serbia and the United Kingdom, and their approach to anti-corruption collective action.
UN Global Compact