Creating meaningful tools and taking impactful measures
4. Stimulate Responsible Conduct:
Develop a culture of integrity, transparency, and ethics within any context, any entity, any government, and any jurisdiction
5. Incentivize and Protect Brave Voices:
Support and defend individuals that have the courage to speak up and take action ensuring a psychologically safe environment
6. Promote Freedom of Press:
A free press is crucial for the fight against corruption and protects our society by uncovering the truth and providing transparency
7. Tech for Trust and Transparency:
Harness technology as a gamechanger in the fight against corruption, seizing the opportunities of digital compliance solutions and using a building-block approach
Initiatives from our Members
Confederation of Danish Industry (DI)
Anti-corruption policy and internal whistleblower scheme
DI has a simple and clear anti-corruption policy, which reject all forms of corruption, bribery and abuse of power. This is supported by an internal Ethics Handbook, a code of conduct that helps DI employees to act ethically in daily life and clarifies how DI distinguishes good and bad behavior. Moreover, DI has set up a whistleblower scheme to supplement existing dialogue options for reporting serious matters such as bribery, extortion, embezzlement, theft, accounting manipulation, or sexual harassment. The scheme can be used if employees or stakeholders outside DI experience or suspect potential breaches of legislation in activities related to DI. More information is available here and in DI’s annual Sustainability Report.
Awareness-raising on EU requirements related to whistleblowing
DI informed its members about the requirements under the EU Corporate Sustainability Reporting Directive (CSRD) and the European Sustainability Reporting Standards (ESRS) in a webinar accessible here: Whistleblowing requirements - what does it mean for your business?. It also created a Q&A section and a Whistleblower Policy Template for its members. More broadly, it informed its members through webinars and articles about the Governance Standard (ESRS G1) on Business Conduct and on How to report on good corporate behavior.
Keidanren Japan Business Federation
Charter of Corporate Behavior and Implementation Guidance
Keidanren is committed to promoting transparency and ethical business practices, as exemplified by its Charter of Corporate Behavior and its accompanying Implementation Guidance. The Implementation Guidance prohibits giving or accepting bribes to gain or maintain an improper advantage. It also underscores the necessity of maintaining fairness and transparency in business dealings, both domestically and internationally. Moreover, the guidance establishes thorough educational and preventive measures within organizations to ensure adherence to these standards.
The association actively promote these principles among its member companies through detailed explanations, encouraging understanding and adherence. Keidanren annually hosts the Charter of Corporate Behavior Symposium to further promote these principles among members. Furthermore, Keidanren recently conducted a survey related to the Charter of Corporate Behavior and published its results here.
Turkish Industry and Business Association (TÜSIAD)
TÜSIAD released two publications on ethical government that are available below:
- Volume-1: From Ethics in the State to the Ethical State / Ethics in Public Administration: Conceptual Framework and International Applications, Volume-1
- Volume-2: From Ethics in the State to the Ethical State / Legal Infrastructure, Transparency, and Privileges in Public Administration: Determination and Recommendations, Volume-2
International Federation of Accountants (IFAC)
IFAC Action Plan for Fighting Corruption and Economic Crime
The Action Plan provides a framework for enhancing the role of the accountancy profession in combating corruption and economic crimes, thereby advancing the UN SDGs. The framework is organized into five overarching pillars and includes over thirty actions, that are meant to evolve over time. While many of these actions will be taken by IFAC, it is an action plan for the whole profession.
Exploring the IESBA Code
The Exploring the IESBA Code series, developed by IFAC in collaboration with the International Ethics Standards Board for Accountants (IESBA), is intended to promote awareness, adoption and implementation of the International Code of Ethics for Professional Accountants (including International Independence Standards). The twelve-installment publication series was launched in 2019 and highlights important topics in the Code. Each installment focuses on a specific aspect of the Code using real-world situations in a manner that is relatable and practical. Installments include useful links to access relevant resources, including content in the IESBA Code.
Anti-Money Laundering: The Basics
Developed collaboratively with ICAEW, this document helps professional accountants enhance their understanding of how money laundering works, the risks they face, and what they can do to mitigate these risks and make a positive contribution to the public interest.
Connecting Your Educational Programming to Emerging Trends
This report aims to guide professional accountancy organizations in how they can act today to prepare their current and future members to seize opportunities presented by emerging trends using insights from the IFAC Professional Accountancy Organization Development and Advisory Group. These insights address four emerging trends—sustainability related reporting, anti-corruption efforts, sound public financial management, and technological change—that will help PAOs ensure their own and their members’ resilience, relevance and adaptability today and into the future.
Understanding Anti-Corruption Reporting
This joint IFAC - Transparency International UK - World Economic Forum publication is comprehensive review of anti-corruption corporate reporting by the largest publicly traded companies worldwide. It decodes the current state of anti-corruption reporting practices and highlights the urgent need for enhanced quality, reliability, and comparability in this crucial area. It also raises a series of policy questions around jurisdictional differences, comparability, governance, and the completeness and reliability of the information provided.
Global Event on Speak-Up Culture and Whistleblower Protection
On 12 December 2023, IFAC and Chartered Professional Accountants of Canada convened policymakers and regulators with the accountancy and legal professions for a global event to launch their new report Understanding Whistleblower Protection: Laws, Practices, Trends and Key Implementation Considerations.
Novartis
Anti-Bribery Report
The 2024 Anti-Bribery report provides a comprehensive overview of Novartis’ efforts to prevent and detect bribery and corruption, including its policies and procedures, risk assessments, due diligence processes for third parties, and training and awareness programs for its employees. It is based on a guidance note developed through collective action with other pharmaceutical companies, initiated by the Norges Bank Investment Management and facilitated by the Basel Institute on Governance.