Only 81 Indian firms join UN anti-graft campaign

Global initiative launched to engage private companies in fighting corruption

trithesh

Trithesh Nandan | April 9, 2013



In the decade since the launch of United Nations Global Compact in India, an initiative to mobilise the private sector against corruption, only 81 public sector and private companies from India have become members of the country chapter. More importantly, among the prominent names missing in the list are India’s petroleum giant Reliance and topmost telecom group Airtel.

Some of those who have joined the campaign are: seven Tata Group companies, ITC, ONGC, Petronet LNG, Jindal group, Siemens, BMW, Suzuki, and Mercedes Benz. While there are 54 public sector units enrolled with Global Compact Local Network, India, only 18 private companies are part of it.

“The UN body has never been driven by enrolment of companies. We are driven by enrolment of companies which are reputable, positive public perception and contributing to the growth and development of economy. We never wanted to enroll those companies, which were dubious in nature,” said Pooran Pandey, executive director of Global Compact Local Network India, as the UN launched a year-long campaign globally on Tuesday for the private sector to fight corruption.

“Once a company becomes member of the UN group, then it becomes an open book, where anybody can come and asks for the annual report and money spent on any project,” added Pandey.

The aim of the campaign is to engage business groups to refuse corrupt practices and urge governments to promote anti-corruption measures.

“Corruption distorts markets, undermines development and makes business unsustainable. It is time for businesses to showcase their commitment to bring this critical global challenge into the centre of global development debates,” said Olajobi Makinwa, head of transparency and anti-corruption initiatives for the UN Global Compact.

The Global Compact will feature a complete list of companies and other organisations which have signed onto the Call to Action at its triennial Leaders Summit in September 2013.

Globally UN Global Compact was launched in 2000.

 

Comments

 

Other News

Here’s an I.D.E.A. for career growth and success

Success in today’s professional organisation is no longer solely determined by academic qualifications, technical expertise or years of experience. While these attributes do matter, organisations increasingly value individuals who demonstrate the right mindset and behavioural qualities. The ability

PM interacts with CEOs, founders of space startups

Prime minister Narendra Modi interacted with CEOs and Founders of 20 Space Startups at Seva Teerth on Friday.   CEOs of leading companies in the space sector working in diverse fields ranging from building rockets and reusable semi-cryogenic launch vehicles, avionics, satelli

From one cow to a dairy business

In 2012, Anita Dash wasn`t dreaming of building a dairy brand. She wasn`t studying business models or planning market expansion. Like countless mothers across India, her focus was on something much simpler: giving her children a better future.   At the time, her most valuable

Ethanol blending: The two sides of a story

India`s crude oil consumption is estimated to be around 88.5% imported from abroad. This one single figure is also responsible for why ethanol has become both an economic strategy and fuel policy at the same time. In an economy like India, which depends so heavily on foreign oil, any increase in internat

Food inflation: Not a macroeconomic statistic but a developmental indicator

India`s retail inflation shows a reassuring picture at first glance. According to the latest data, Consumer Price Index (CPI) inflation edged up to 4.38% in June 2026 from 3.93% in May 2026, but continued to remain within the Reserve Bank of India`s (RBI) target band of 4% (+/- 2%). However, beneath this

Skin in the game or masterful market timing?

When a company founder opens their personal chequebook to buy shares in their own business, stock markets usually applaud. To the average retail investor, it feels like the ultimate vote of confidence, a sign that the people running the show have real skin in the game and believe brighter days are ahead.

Upcoming Conferences



-->

Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter