UNODC & UN Global Compact initiative in Colombia takes collective action against corruption
14 October 2016 - UNODC and the business-led Global Compact Local Network in Colombia are bringing together companies, key government offices and large business federations to stamp out corruption.
The main objectives of the programme include reduction of opportunities for corruption by enhancing public-private sector dialogue along with strengthening of the government's anti-corruption frameworks and legislations.
The partnership is an example of how collective action can help address, resolve, and prevent corporate misconduct. With input from a working group of ten companies, ten business associations, and five public institutions, the partners are conducting extensive outreach to increase private sector awareness of corruption and tools on transparency, good practice in procurement and integrity.
Addressing corruption through collective action can help business growth and protect against legal and reputational risks. Anti-corruption efforts can also reduce transaction costs, strengthen fair competition, increase long-term foreign and domestic investment, and accelerate development.
Securing political buy-in and high-level government support at the outset of a collective action project can raise the profile of an initiative, generate greater business interest, and lay the groundwork for future success.
The partnership receives funding from the Siemens Integrative Initiative (Siemens A.G), that supports organizations and projects fighting corruption and fraud through collective action, education, and training with over US$ 100 million.