Addressing corruption is a fundamental priority for B20 Argentina. We acknowledge the impact of corruption goes well beyond the 2 Trillion U$ annual ﬁgure for bribery estimated by IMF.
When corruption intervenes affecting either any infrastructure or construction contract, any oil or gas concession, or access to an operating license it ends up affecting the whole investment ecosystem of the country involved.
Not only future access to ﬁnance is being affected but it also alters the contractor´s competition landscape and, in the end, society pays social and development costs that are difﬁcult to evaluate.
Following prior B20 recommendations, B20 Argentina will seek to produce a concrete and innovative contribution to the global anti-corruption effort in the form of a “Commitment for Integrity and Ethical Standards” (CIES) of G20 members.
The CIES will focus on two main topics. Firstly, it will address integrity enhancement in infrastructure projects by enabling access to relevant information, by streamlining procedures, by applying integrity standards requirements to all stakeholders in the procurement cycle and by building reporting mechanisms, among others. Secondly, it will look upon high implementation standards of integrity and compliance for State-Owned Enterprises (SOEs) -establishing programs adopted by the private sector customized to consider speciﬁc risks of State enterprises, ensuring accountability through information, transparency and public account reporting, as well as promoting collective action between SOEs and the private sector to develop integrity initiatives.
Notwithstanding, the B20 considers fundamental to evaluate progress on beneﬁcial owner transparency as well as including strong education recommendations to foster a culture of integrity for the future.
“Much has been said and written about AntiCorruption, and the fact that this issue has come to the Forefront is good news. The challenge now is to propose a pragmatic and precise program that can be implemented world wide to put so many good intentions into doable actions, both in the public as well as the private sector. This is precisely what the Integrity & Compliance Task Force of the Argentina B20 is working on. Certainly not easy - but well worth the attempt to start putting these efforts into concrete actions.”
Asociación Cristiana de Dirigentes de Empresa
"To work in favor of integrity in business requires of participants -first and foremost- a personal commitment to maintain a clear and responsible behaviour founded on solid values, setting a model for the enterprise itself and an example for society. "
Johnson & Johnson
“Integrity and compliance are fundamental to establishing trust with the many stakeholders who are counting on us, and that is why I am delighted to be a co-chair of the Integrity & Compliance Task Force of the Argentina B20. The B20 helps us all advance effective compliance systems and build cultures that embed integrity throughout our practices and operations.”
“Corruption is a multidimensional problem that needs to be confronted at every level, including the private and public sectors, and society at large. We all have a role to play. The B20 ICCTG provides an effective chance to work together and coordinately on an integrated approach to bring institutional integrity and ethics to all such levels.”
Philip Morris International
“I am delighted to co-chair the B20 work on Integrity & Compliance and help advance the global anti-corruption agenda. Together with all the co-chairs, Philip Morris International wants to contribute to the B20 policy recommendations and help guide businesses regardless of their size, complexity, and societal challenges.”