Trust is built through transparency and honesty. To be successful, we must build each stakeholder's trust through the integrity of our words and our actions.
ABB supports international efforts to embed integrity into the conduct of business sectors. While government initiatives are vital to continued progress against corruption, the private sector has an important role to play. ABB contributes to the following organizations and initiatives related to integrity:
ABB is a signatory to the World Economic Forum’s “Partnering Against Corruption Initiative” (PACI), signed by more than 100 companies committed to strengthening efforts to counter corruption and bribery. PACI offers a risk mitigation platform to help companies to design and implement effective policies and systems to prevent, detect and address corruption; benchmark internal practices against global best practice through peer exchange and learning; and to level the playing field through collective action with other companies, governments and civil society
As a founding member of the United Nations Global Compact, ABB has been closely involved in its development. ABB’s understanding of human rights and day-to-day business benefits from involvement in such organizations. ABB participates in collective action initiatives against corruption. In addition, ABB has taken note of the UN Guiding Principles on Business and Human Rights and is using its recommendations to assess expectations of corporate behavior.
Our Integrity program mirrors the framework stated in Transparency International's Business Principles for Countering Bribery, which was created as guidance for enterprises in developing, benchmarking, and strengthening their anti-bribery programs. To that end, the principles reflect ABB's commitment on all levels to integrity, transparency, and accountability, as well as our zero-tolerance policy on bribery and all other violations of the ABB Code of Conduct.
ABB is a member of organizations such as the Business Ethics Leadership Alliance (BELA), a community that connects senior compliance practitioners with industry thought leaders and provides the comprehensive tools and resources needed to advance the dialogue and raise the bar for best practices.
ABB is a founding member of Ethics and Compliance Switzerland (ECS), an interdisciplinary professional society whose goals are to promote ethics and integrity in both private and public organizations, as well as to promote sustainable "best practices" in compliance. This enables ABB to develop and contribute to the overall development of systematic values and integrity in various organizations throughout Switzerland and abroad.
ABB subscribes to externally developed charters and principles for sustainability management. Applying such principles is helping ABB to make progress in core areas. Additionally, ABB has a long list of principal memberships and associations involving sustainability.
ABB also regularly engages in working groups to help eradicate corruption by cooperating with global companies across industries such as in-country Transparency International round table discussions and G20 anti-corruption working group conferences.