Guide on anti-corruption engagement with investor or company input
June 20, 2016
Today, the Principles for Responsible Investment (PRI) and United Nations Global Compact have launched an evidence-based guide for investors and companies on anti-bribery and corruption engagement dialogue.
The guidance presents findings from a PRI coordinated engagement that took place between 2013 and 2015, which involved 34 investors with US$2.7 trillion of assets under management working together to engage 32 multinationals on their anti-bribery and corruption policies and systems. The guide provides practical advice for investors and companies.
The target companies were benchmarked by Transparency International, and improvements in score by individual companies are charted across 17 indicators. The questions asked range from:
“Does the company prohibit retaliation for reporting the violation of a policy?” to “Does the company report regularly on the operation of its whistleblowing policy? (i.e. number of complaints, times whistleblowing hotlines are used, dismissals etc.)?”
Advice on how investors can approach engagement with companies, and how companies can stay ahead of the curve on anti-bribery and corruption is supplemented by feedback from investors and companies gleaned from post-engagement interviews.
Corruption losses are detrimental to investors, companies, governments and society. What’s more, strong anti-corruption policies and their implementation can act as an indicator for good management practice across the board, making the ESG issue particularly useful to investors, and one which can even work towards increasing their confidence in an investment .
Read the two-page summary of the guide
Engaging on anti-bribery and corruption - a quick-reference guide
Read the full guide
Engaging on anti-bribery and corruption - a guide for investors and companies