Metals Technology Initiative (MTI)

Basel Institute on Governance

Metals Technology Initiative (MTI)

Mission

Prevent bribery and all forms of corruption

Goals

The Metals Technology Initiative (MTI) is a Collective Action initiative that provides a forum for the exchange of anti-corruption compliance best practices and related developments in the metals technology industry among its members to collaborate further in the development of joint anti-corruption initiatives in countries in which they operate.

MTI member companies recognise that corruption is detrimental to the business environment and has negative social and economic impacts in the communities and countries where it occurs. This initiative reflects their shared commitment to prevent bribery and all forms of corruption, as set out in their respective Codes of Conduct and related internal policies and controls.

Stakeholders

MTI brings together the four leading companies in the metals technology industry: Danieli, Primetals Technologies, SMS Group and Tenova. Membership is open to other companies only at the discretion and unanimous agreement of the initiator companies.

The initiative is facilitated by the Basel Institute on Governance, which leads and organises meetings of the top compliance management of the four member companies, providing agendas, minutes, substantive contributions and benchmarking of elements of the companies' compliance programmes.

Activities

MTI companies have signed a Memorandum of Understanding (MoU) setting out the companies’ anti-corruption and fair competition commitments and proposed actions to promote their anti-corruption principles. This MoU is complementary to, and reflective of, key elements of their respective anti-corruption compliance programmes. The companies are committed to continue working together to ensure that their compliance programmes reflect best practices and fully reflect the undertakings set out in the MoU.

Representatives from the senior managements of MTI companies have been meeting regularly since mid-2013 to address anti-corruption compliance within their business sector resulting in guidance documents on whistleblowing and reporting, gifts and hospitality, and third party due diligence.

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

    • Engagement-focused initiative
      Joint declarations of intent, Joint capacity and learning initiatives, Industry-specific working groups, Joint events/awareness raising, Joint activities and integrity tools
    • Standard-setting initiative
      Codes of conduct, Industry/country anti-corruption policies/compliance standards, Self-assessments tools and mechanisms/methodologies, Implementation tools

    Linked resources

    Related Initiatives

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