OUR GLOBAL MOVEMENT
Hailed as “an indispensable guide to help companies navigate the new era of ethical challenges and risks in a volatile global landscape”, NYU Stern ethics professor Alison Taylor's eye-opening book, Higher Ground: How Business Can Do the Right Thing in a Turbulent World, will be the focus of our virtual Business Integrity Forum in September.
Join us online as we unpack how companies can build trust in a time of intense scrutiny and what the top messages mean for anti-corruption, business ethics and ESG.
Alison Taylor is a Clinical Associate Professor at NYU Stern School of Business and Executive Director of Ethical Systems. She has spent the past two decades consulting with multinational companies on risk, anti-corruption, sustainability, human rights, culture and behavior, stakeholder engagement, ESG, and ethics and compliance–including as a senior advisor at sustainability nonprofit BSR, a member of the Board at Venture ESG, and a sustainability adviser at Zai Lab, KKR, and Pictet Group.
Join our annual Business Integrity Forum exploring insights into the latest Corruption Perceptions Index, Transparency International’s flagship index which ranks countries based on how corrupt a country’s public sector is perceived to be by experts and business executives. The CPI is the most widely used indicator of corruption worldwide.
Summarising the 2023 report, latest trends and how they impact on business sectors and jurisdictions', we will hear from Transparency International's expert in corruption measurement tools, Roberto Martinez B. Kukutschka. This year Roberto will be joined by:
The presentation will be followed by a discussion on how the CPI results are used and what they mean for the UK and your work.
Our next Business Integrity Forum will showcase expertise from Transparency International Mexico and Transparency International Brazil as we explore what anti-corruption trends in their respective countries mean for doing business in the region.
Join us online to hear what challenges businesses should be prepared for when it comes to promoting integrity and combating corruption in the Latin American business landscape.
This report supports anti-corruption and ESG/sustainability professionals to better understand “corruption and bribery” and “political engagement” as sustainability matters in the context of the European Union (EU) Corporate Sustainability Reporting Directive (CSRD) and European Sustainability Reporting Standards (ESRS). It considers how potentially material impacts, risks and opportunities linked to “corruption and bribery” could be identified when performing a materiality assessment in line with the ESRS.
We also reviewed the sustainability reports and Global Reporting Initiative (GRI) disclosures of 190 UK FTSE listed companies to understand whether they identify anti-corruption or political engagement, or comparable terms, as material sustainability matters.
To accompany the report, a mapping exercise analysing disclosure metrics, indicators and principles relating to anti-corruption and political engagement in select voluntary ESG reporting standards, benchmark initiatives, ESG ratings and disclosure principles was conducted. The mapped disclosure metrics aim to help companies identify what information they may already be collecting and reporting as they prepare for CSRD disclosure or generally look to increase their level of transparency on corruption-related matters.
Impact investing can play a hugely positive role around the world delivering real and measurable development impact alongside financial returns. However, it is not without difficulty with the most need for this type of investment being markets with the highest corruption risks.
Our Investing with Integrity report found that many impact investors are not fully considering or managing corruption risk, and that this may lead to serious financial and reputational issues. It also highlighted how corruption contributes to or exacerbates the environmental and social risks that impact investors try to minimise.
Investing with Integrity II has been produced to help navigate these challenges and support impact investors to take the necessary steps to combat these risks and place business integrity at the heart of impact investing where it belongs.
This new guidance explores the main ways corruption in impact investing can severely undermine environmental and social outcomes. To address this risk we advocate for a carefully coordinated approach across business integrity, environmental and social due diligence.
At the heart of every effective compliance programme are procedures that prevent bribery and corruption from taking place. Yet with fraud making up 40 per cent of all crime in the UK and limited successful prosecutions to date, there is more to be done to protect corporations and individuals from fraudulent activities.
With the new ‘failure to prevent fraud’ criminal offence coming into force as part of the Economic Crime and Corporate Transparency Act companies will need to review their compliance programme and assess if new controls are needed.
Government issued guidance outlining what ‘reasonable procedures’ should be in place to prevent fraud will be published this spring and bring the new offence into force.
But what does it mean in practice for companies?
Significant changes to risk frameworks, systems and processes will be needed to ensure you are complying with the requirements of the new offence. This is an opportunity for companies to leverage and adapt existing procedures and controls.
We are delighted to be joined by the Home Office – the department leading on the policy and drafting the guidance – and other expert voices at our next Business Integrity Forum on Wednesday 17 April, 16:00-18:30 GMT+1.
Join us for practical advice on how to prepare for when the new offence comes into effect, including:
*More speakers will be announced soon
