Transparency and Anti-corruption
The Global Compact Anti-Corruption principle, derived from the United Nations Convention against Corruption, states:
“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. Businesses should work against corruption in all its forms, including extortion and bribery”
We operate in many countries where corruption is widespread according to internationally recognized agencies and organizations such as Transparency International. We disapprove of all forms of corruption and through the adoption of an anti-corruption policy, taken a Zero-Tolerance position towards it.
We work actively towards the prevention and detection of corruption, and we expect all employees and business partners to strictly adhere to the policy and established procedures.
We disapprove of all conduct that can be termed as corruption, and we commit ourselves to follow up, investigate and prosecute cases where corruption has been detected to the full extent within established procedures, while always taking into consideration the severity of the case as well as local laws.
