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.