This paper by the World Economic Forum's Global Future Council on Transparency and Anti-Corruption is part of the Council's Agenda for Business Integrity, a forward-looking framework for business integrity which supports and aligns with broader work to globally reset and embed a revised purpose of business based on a stakeholder economy.
The paper focuses on Pillar 4: Support collective action to increase scale and impact.
It explores the value, power, rationale and opportunities of Collective Action in the fight against corruption. It sets out four broad categories of Collective Action:
- Anti-corruption declarations
- Standard-setting initiatives
- Capacity building initiatives
- Integrity Pacts
It also highlights standout examples of Collective Action against corruption, including the Maritime Anti-Corruption Network, Alliance for Integrity, Extractive Industries Transparency Initiative and High Level Reporting Mechanism.
The paper notes a current Basel Institute-led project, supported by the Siemens Integrity Initiative, to position Collective Action as a global compliance "norm" and capitalise on synergies between anti-corruption and human rights compliance and risk management.