This report by the International Federation of Accountants (IFAC), Transparency International UK and the World Economic Forum’s Partnering Against Corruption Initiative provides a comprehensive review of anti-corruption corporate reporting by the largest publicly traded companies worldwide 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.

Key findings:

  • Nearly all (95%) of companies reviewed disclose some information about anti-corruption policies, training, and/or results.
  • Most of these companies use internationally recognized sustainability standards (61% use GRI and 17% use SASB) to report anti-corruption information.
  • There is little comparability between anti-corruption disclosure.
  • Few companies disclose corruption incidents (37%) or the costs of corruption (4%).
  • The majority (72%) of companies are not obtaining assurance on anti-corruption information.

The joint press release on the report's launch by IFAC, Transparency International UK and the World Economic Forum’s Partnering Against Corruption, is available here.

Further reading