Why should businesses commit to anti-corruption?

  • To be pro-active about the risk of corruption or unethical behaviour

  • To ensure the tone from the top and ethical corporate culture

  • To make it easy for employees to make ethical decisions at work

  • To meet expectations of stakeholders

  • To comply with national law and international legislation with a wide territorial reach

  • To reduce the risk of legal action and substantial fines

Information

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Emelie Winget
Advisor
Emelie.winget@ethosinternational.se

Corruption is an area with many grey zones and abstract legislative frameworks and both management teams and employees often find the subject difficult to navigate. Unethical behaviour occurs in all industries, and regardless of whether unethical behaviour is intentional or due to ignorance, corruption has severe consequences, both for the individual, the company and the competitive market.

The risk of corruption for businesses vary based on several factors and companies need to understand what corruption might look like in their operations and industry. To ensure successful risk management companies must take a pro-active approach to anti-corruption and work towards an ethical corporate culture to reduce the risk of unethical behaviour. For example, companies should communicate zero-tolerance, build capacity and provide practical tools and guidelines to make it easy for employees to do the right thing in every-day decisions.

A selection of our services

Risk analysis

Mapping and assessing risks enable companies to implement suitable policies and processes to prevent situations that could lead to fines, legal action and damage to the company’s reputation. Ethos International maps corruption-risks throughout a company’s value chain and identifies risk factors relating to:

  • Governance structure
  • Company routines and processes
  • Supply chain and business relationships
  • Industry risks

Risk management

Risk management takes different forms based on the particular risks of the company. Based on the risk assessment, Ethos International can assist companies with a variety of actions, for example:

  • Review or develop steering documents
  • Implement new processes to reduce the risk of unethical behaviour, such as reporting routines and escalation routines
  • Advise on the set-up of a whistleblowing mechanism to enable anonymous reporting of unethical behaviour
  • Develop handbooks to ensure practical and concrete guidance on company-specific situations

Capacity building

Capacity building is essential to create an understanding of what corruption means and what it could look like in the company. Capacity building ensures that the management team can approach anti-corruption from a perspective of actual risks, and that employees understand what anti-corruption means for them and how to act in a high-risk situation. Ethos International offers several forms of capacity building, for example workshops, seminars and e-trainings. We always tailor the content to fit the organisation and use scenarios and examples that are relevant to the industry and business operations.

Follow-up

In order to track the progress of implemented action to prevent corruption and unethical behaviour within the organisation, Ethos International helps businesses identify relevant targets and KPI:s, collect and review data as well as follow up on implemented measures, for example through interviews and surveys.

Communication

Ethos International assists companies in the reporting process to ensure compliance with the Annual Accounts Act, as well as GRI Standards. Ethos also provides guidance on how companies can communicate on their anti-corruption risks and on-going anti-corruption work internally, on their website or in other communication channels, with the purpose of value creation and transparency towards stakeholders.

Kontakta oss så berättar vi mer!

Emelie Winget
Advisor
Emelie.winget@ethosinternational.se