The Global Compact Anti-Corruption principle is derived from the United Nations Convention against Corruption.
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.
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. More information on the Working Group on the 10th Principle.
The Global Compact is inviting participants to sign on to the Call to Action to Governments from the Private Sector in support of the Post-2015 Development Agenda. During the 11th Meeting of the UN Global Compact Working Group in December 2012, participants discussed the business perspective on how to integrate good governance and anti-corruption into the Post-2015 Development Agenda. The UN Global Compact has collected these views and suggestions into a Call to Action statement to be fed into the recommendations that will be forwarded to the UN Secretary-General for his report to Member States and to the High-Level Panel on the Post-2015 Development Agenda. Learn more.
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.
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.
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.
Anti-Corruption Collective Action Hub
Recognizing that business is a key player in the fight against corruption, the UN Global Compact’s 10th Principle calls on participants to integrate anti-corruption policies and measures into their strategies and operations. Using the Anti-Corruption Collective Action Hub, companies have the opportunity to join forces and scale-up efforts to fight corruption, including implementing strong institutional policies and engaging in collective action. Access the Anti-Corruption Collective Action Hub.
Ms. Olajobi Makinwa
Head, Transparency & Anti-Corruption Initiatives
UN Global Compact
makinwa (at) un.org
+ 1 917 367 2283