12-27-2021

MRV joins as a Pioneer Company to the 100% Transparency Movement launched by the UN Global Compact

UN Global Compact launches 100% Transparency Movement and invites companies to take on anti-corruption commitments and targets

The Brazil Network of the UN Global Compact announced the launch of the 100% Transparency Movement. The initiative seeks to engage companies in the fight against corruption with a view to achieving the Sustainable Development Goals (Sdgs) of the 2030 Agenda. Currently, SPIC Brazil, CBA, Eletrobras, Fleury Group, MRV, Anglo American and Petrobras have already signed the commitment letter and are integrated to the Movement, which was launched on December 3, in the 2nd edition of the online event "Action against corruption: increasing collective ambition"held from 9 am to 11 am, on the UN Global Compact channel on Youtube.

Transparency 100% is part of a series of Global Compact initiatives that invite the Brazilian private sector to make public commitments with ambitious goals in the search for the Sdgs. The movement aims to encourage and empower companies to go beyond legal obligations, strengthening transparency and integrity mechanisms in prominent companies to make them more resilient and successful examples for other companies in the country.

In addition to assuming the commitments and goals proposed by the Movement, the participating companies will be able to travel and a training and knowledge production journey, fundamental for the dissemination of good practices on the subject.

"We have heard a lot about ESG and we know that Governance is a fundamental pillar not only for the acronym, but for society. We will not achieve the Sdgs and all that fundamental agenda for society and the planet if we do not do it right. And doing right is also doing without corruption. The Global Compact has acted and demanded that companies make commitments and set ambitious goals in several themes and among these important Movements, 100% Transparency is one of the ones that we need to unite the private sector. It is a pioneering movement, we are the first local network to work with such ambitious anti-corruption targets. We’re past negotiating time, now is the time for action, "said Carlo Pereira, Executive Director of the Brazil Network of the UN Global Compact.

The damage caused by corruption reaches 5% of global GDP annually. The trillions of reais lost by public coffers hinder the provision of basic services, such as education and health, deepening inequalities and aggravating poverty. Corruption also undermines public confidence in institutions, weakening democracy. The impacts of corruption are equally serious for the private sector, which is why its engagement in efforts to promote transparency and integrity is indispensable. It distorts markets, undermines economic development and causes irreparable reputational damage to businesses.

The UN Global Compact is encouraging companies in Brazil to commit to the goal of being 100% transparent by 2030. The five goals of the Movement are: 100% transparency in the interactions with Public Administration; 100% fair remuneration of senior management; 100% of the high-risk value chain trained in integrity; 100% transparency of the compliance and governance structure; and 100% transparency on the performance of reporting channels.
The 100% Transparency Movement will be monitored by Observatory 2030, an initiative of the UN Global Compact launched this year, which precisely accompanies the goals and public commitments taken by companies in the most diverse themes. In addition to 100% Transparency, 2030 Observatory also acts on mental health pacts (Movement Mind in Focus), gender and ethnic-racial equity (Equity is Priority) and climate (Sbti and Netzero Impact).

The Movement’s launch event was open to the public and was attended by Camila Valverde, Director of Impact of the Brazil Global Compact Network, Michael Johnston, Professor Emeritus of Political Science at Colgate University (USA), Camila Gualda Sampaio Araújo, Coordinator of the Platform for Action against Corruption and Director of Compliance at Eletrobras, Adriana Waltrick, CEO of SPIC Brazil, Pedro Ruske Freitas, Director of Integrity Promotion at the Comptroller General of the Union, Ricardo Rodrigues de Carvalho, CEO of CBA, and Rodrigo Limp Nascimento, President of Eletrobras, Jeane Tsutsui, President of the Fleury Group. In addition to launching the Movement, the event showcased the achievements of the Global Compact’s Anti-corruption Action platform during 2021, and launched the Collective Action Guidelines Guide, developed by the Collective Actions Advisory Board.

 

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