(New York, 9 December 2010) – On the occasion of International Anti-Corruption Day, the United Nations Global Compact today announced the launch of two global projects to advance implementation of its anti-corruption agenda.
The projects are funded by grants from the Siemens Integrity Initiative, which was launched in December 2009 as part of the comprehensive settlement between Siemens AG and the World Bank signed in July 2009. Funds provided by the Initiative will support organizations and projects that fight corruption and fraud through collective action, education and training.
Under the terms of the agreement, the Global Compact and its partner organizations will receive a total of approximately USD 4.35 million over four years to promote collective action on anti-corruption in key markets and to better integrate anti-corruption issues in business school curricula.
As part of the project, the Principles for Responsible Management Education (PRME) initiative has set up a working group to develop anti-corruption guidelines for management schools, including academic modules to address transparency, ethics and anti-corruption in the classroom. Topics to be addressed include corporate governance; business ethics; the business case for anti-corruption; corporate compliance; collective action; the UN Convention against Corruption; the Global Compact’s 10th Principle; public contracting/procurement; and supply chain management.
Building on existing resources and incorporating stakeholder input, the guidelines are planned to be made available to all PRME-affiliated academic institutions around the world. Project success will depend in part on the ability of future business school graduates to demonstrate a better understanding of various anti-corruption and ethical decision-making strategies.
“Corruption in all its forms remains a cross-cutting challenge of momentous proportions,” said Georg Kell, Executive Director of the UN Global Compact. “In order to mount an effective response to the scourge of corruption, we need targeted, collective action that can stimulate lasting behavioral change. The funding from the Siemens Integrity Initiative will be critical in this effort.”
“Siemens stands for top performance with the highest ethical standards,” said Peter Y. Solmssen, Member of the Managing Board and General Counsel of Siemens AG. “Together with the World Bank, we want to promote integrity and fair competition worldwide. With the selection of the projects for the Siemens Integrity Initiative, we have taken the first important step in this direction.”
“The fight against corruption will be won by managers with values. Business schools around the globe which engage in PRME thrive for excellence in value-driven management education and can provide the adequate programs and skills. It´s a question of excellence in education,” said Professor Matthias Kleinhempel, Director of IAE Business School’s Centro de Gobernabilidad y Transparencia, who is leading PRME‘s Working Group to develop the model curriculum on anti-corruption for business schools.
For more information about the Siemens Integrity Initiative, visit:
About the United Nations Global Compact
Launched in 2000, the United Nations Global Compact is a call to companies around the world to align their strategies and operations with ten universal principles in the areas of human rights, labour, environment and anti-corruption, and to take action in support of broader UN goals. Through the development, implementation, and disclosure of responsible corporate policies and practices, business can help ensure that markets advance in ways that benefit economies and societies everywhere. The Global Compact is not a regulatory body, but a voluntary leadership platform for dialogue and learning. With more than 8,800 signatories in more than 135 countries, it is the world’s largest corporate responsibility initiative. www.unglobalcompact.org
About Siemens AG
Siemens AG (Berlin and Munich) is a global powerhouse in electronics and electrical engineering, operating in the industry, energy and healthcare sectors. For over 160 years, Siemens has stood for technological excellence, innovation, quality, reliability and internationality. The company is the world’s largest provider of environmental technologies, generating some €28 billion – more than one-third of its total revenue – from green products and solutions. In fiscal 2010, which ended on September 30, 2010, revenue totaled €76 billion and net income €4.1 billion. At the end of September 2010, Siemens had around 405,000 employees worldwide. www.siemens.com.
Head of Media Relations & Public Affairs
UN Global Compact