Banknote Ethics Initiative (BnEI)

Banknote Ethics Initiative (BnEI)

Banknote Ethics Initiative (BnEI)

Mission

Provide ethical business practices within the banknote industry

Goals

The Banknote Ethics Initiative (BnEI) is an initiative established to provide ethical business practice, with a focus on the prevention of corruption and on compliance with anti-trust law within the banknote industry. Working together, and through BnEI, the industry can help ensure that all the companies operating in the industry are performing to the highest ethical standards.

Stakeholders

Members must be a signatory to and adhere to a strict Code of Ethical Business Practices. All organisations that have signed the Code must become accredited after passing an audit carried out by a third-party auditor (GoodCorporation or KPMG). The audit follows the BnEI Framework, supported by the BnEI Guidance Manual and BnEI Framework. The accreditation process is clearly established by the BnEI Accreditation Process Flow.

Activities

As of October 2024, 15 accredited member companies have passed rigorous audits ensuring their internal compliance with the BnEI standards and 40 central banks from all continents have expressed their support for the overall objectives of the BnEI.

BnEI and Basel Institute are partnering to promote the use of Integrity Pacts in banknote-related procurement to further promote the highest standards of integrity and fair competition in the industry.

This information is gathered from open-source data and in some cases has been provided by initiative facilitators. We cannot guarantee the accuracy or completeness of the information and do not take responsibility for decisions made on the basis of it. Please inform us of any errors by emailing us.

Start Year

Status

  • active
    The initiative or project is currently being worked on.

Countries Operations

    Countries Host

    Scope

    • global
      Initiative that is explicitly global in focus and mandate - i.e. not pertaining to specific countries.

    Industry

    Stakeholders

    • Private sector
      Privately owned commercial (for-profit) entities of all sizes, including SMEs
    • Civil society
      non-governmental organisations (national or international), foundations funded by private entities, faith-based organisations, Professional associations, Industry associations, Chambers of Commerce, Local Global Compact Networks

    Type

    Linked resources

    Tags

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