Global Agenda Council on Anti-Corruption & Transparency 2012-2014
Corruption distorts markets, undermines development and makes business unsustainable. According to the World Bank, corruption increases the cost of doing business up to 10% globally. In the 2012 Global Compact Annual Implementation Survey – the largest survey on corporate sustainability practices with input from over 1,700 businesses – 39% of respondents ranked corruption as a major obstacle to sustainable development. Sustainability and market growth cannot be attained where corruption is prevalent.
While game-changing ideas and large-scale initiatives are difficult to implement, a “coalition of the willing” is rapidly developing, with business and government leaders around the world exhibiting greater interest in supporting anti-corruption initiatives. The Global Agenda Council on Anti-Corruption believes this reflects a tipping point towards.
What the Council is doing about it
The Council has succeeded in proposing a global work plan that leading companies, non-governmental organizations, government officials and international development agencies are implementing; words are becoming action as a global agenda is forming. The coordinated work plans of the Council, the Partnering Against Corruption Initiative (PACI) and the Business 20 (B20) recommendations (improving transparency and anti-corruption) are focused on a set of action items that already demonstrate measurable progress. The key focus areas are:
- High-level reporting mechanisms to address bribery and solicitation
- Voluntary disclosure to assist businesses with exposing corrupt practices
- Collective action within and across industries
- Capacity building for small and medium-sized enterprises
“Corruption increases the cost of doing business up to 10% globally.”
The Council has also collaborated on a regional basis. In April 2013, PACI, along with the United Nation’s Global Compact, the Organisation for Economic Co-operation and Development, Transparency International and the UN Office of Drugs and Crime, organized an anti-corruption workshop on India. The Chair of the Council, Peter Solmssen, and members of the Global Agenda Council on India were also present and discussed solutions for that country. The summary of this workshop will be issued with the support of both Councils and used to engender additional collective action initiatives in India.
To get involved please contact
Research Analyst: Rigas Hadzilacos, Global Agenda Councils, email@example.com
Council Manager: Joel Fernandes, Senior Project Manager, PACI, firstname.lastname@example.org
Forum Lead: Elaine Dezenski, Senior Director, Head of PACI, email@example.com
Document archive for all the issues you are interested in