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

Elections 2024: 1,351 candidates in fray for Phase 3

As many as 1,351 candidates from 12 states /UTs are contesting elections in Phase 3 of Lok Sabha Elections 2024. The number includes eight contesting candidates for the adjourned poll in 29-Betul (ST) PC of Madhya Pradesh. Additionally, one candidate from Surat PC in Gujarat has been elected unopp

2023-24 net direct tax collections exceed budget estimates by 7.40%

The provisional figures of direct tax collections for the financial year 2023-24 show that net collections are at Rs. 19.58 lakh crore, 17.70% more than Rs. 16.64 lakh crore in 2022-23. The Budget Estimates (BE) for Direct Tax revenue in the Union Budget for FY 2023-24 were fixed at Rs. 18.

‘World’s biggest festival of democracy’ begins

The much-awaited General Elections of 2024, billed as the world’s biggest festival of democracy, began on Friday with Phase 1 of polling in 102 Parliamentary Constituencies (the highest among all seven phases) in 21 States/ UTs and 92 Assembly Constituencies in the State Assembly Elections in Arunach

A sustainability warrior’s heartfelt stories of life’s fleeting moments

Fit In, Stand Out, Walk: Stories from a Pushed Away Hill By Shailini Sheth Amin Notion Press, Rs 399

What EU’s AI Act means for the world

The recent European Union (EU) policy on artificial intelligence (AI) will be a game-changer and likely to become the de-facto standard not only for the conduct of businesses but also for the way consumers think about AI tools. Governments across the globe have been grappling with the rapid rise of AI tool

Indian Railways celebrates 171 years of its pioneering journey

The Indian Railways is celebrating 171 glorious years of its existence. Going back in time, the first train in India (and Asia) ran between Mumbai and Thane on April 16, 1853. It was flagged off from Boribunder (where CSMT stands today). As the years passed, the Great Indian Peninsula Railway which ran the

Visionary Talk: Amitabh Gupta, Pune Police Commissioner with Kailashnath Adhikari, MD, Governance Now


Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter