Principles of Ethical Business in Angola

Enhance competitiveness and opportunities for market access for Angolan companies

In an effort to further engage Angolan companies in Collective Action, the Centre for Ethics of Angola (CEA), along with the Principles of Ethical Business in Angola, were launched in 2013.

The Centre seeks to provide assistance to the Angolan public and private sector in establishing ethics management within their organisations, and the accompanying Principles will serve as important tool to enhance competitiveness and better market access opportunities for Angolan firms, through demonstrating commitment to ethical business practices.

The goals of this initiative are to:

• Improve responsible business practices in Angola;
• Improve the reputation of Angola and attract international investors;
• Reduce corruption.

Stakeholders of the initiative include Angolan and multinational companies as well as the Angolan Chamber of Commerce and Industry (CCIA) and the Angolan Industrial Organisation (AIA).

The Principles are based on five key pillars: respect, fairness, responsibility, truthfulness and care. A company commits to the Principles by signing a letter of engagement. A list of companies that have signed up is available on the website of the participating business associations.

Companies that have signed the commitment letter are expected to adhere to the Principles, make their commitment to the Principles public, visibly promote responsible business conduct, convince other companies to also commit to the Principles, instil the Principles within the company, and attend workshops and seminars on the implementation of the Principles.