Addressing corruption is a fundamental priority for B20 Argentina. We acknowledge the impact of corruption goes well beyond the 2 Trillion U$ annual ﬁgure for bribery estimated by IMF.
When corruption intervenes affecting either any infrastructure or construction contract, any oil or gas concession, or access to an operating license it ends up affecting the whole investment ecosystem of the country involved.
Not only future access to ﬁnance is being affected but it also alters the contractor´s competition landscape and, in the end, society pays social and development costs that are difﬁcult to evaluate.
Following prior B20 recommendations, B20 Argentina will seek to produce a concrete and innovative contribution to the global anti-corruption effort in the form of a “Commitment for Integrity and Ethical Standards” (CIES) of G20 members.
The CIES will focus on two main topics. Firstly, it will address integrity enhancement in infrastructure projects by enabling access to relevant information, by streamlining procedures, by applying integrity standards requirements to all stakeholders in the procurement cycle and by building reporting mechanisms, among others. Secondly, it will look upon high implementation standards of integrity and compliance for State-Owned Enterprises (SOEs) -establishing programs adopted by the private sector customized to consider speciﬁc risks of State enterprises, ensuring accountability through information, transparency and public account reporting, as well as promoting collective action between SOEs and the private sector to develop integrity initiatives.
Notwithstanding, the B20 considers fundamental to evaluate progress on beneﬁcial owner transparency as well as including strong education recommendations to foster a culture of integrity for the future.
“Much has been said and written about AntiCorruption, and the fact that this issue has come to the Forefront is good news. The challenge now is to propose a pragmatic and precise program that can be implemented world wide to put so many good intentions into doable actions, both in the public as well as the private sector. This is precisely what the Integrity & Compliance Task Force of the Argentina B20 is working on. Certainly not easy - but well worth the attempt to start putting these efforts into concrete actions.”
Asociación Cristiana de Dirigentes de Empresa
"To work in favor of integrity in business requires of participants -first and foremost- a personal commitment to maintain a clear and responsible behaviour founded on solid values, setting a model for the enterprise itself and an example for society. "
Philip Morris International
“I am delighted to co-chair the B20 work on Integrity & Compliance and help advance the global anti-corruption agenda. Together with all the co-chairs, Philip Morris International wants to contribute to the B20 policy recommendations and help guide businesses regardless of their size, complexity, and societal challenges.”
“I have the honor to co-chair the Integrity & Compliance task force at B20 Argentina. The G20/B20 process is a great way to foster the dialog between business, government, civil society and media on Integrity & Compliance. We will not combat effectively the poverty, waste of resources and erosion of trust inherent to corruption if we fight separately. I hope we will improve the work done at the previous of the B20 2017 cross-thematic group for “Promoting Integrity by Creating Opportunities for Responsible Businesses”. We should focus on a strong “implementation of the recommendations in national action plans and legislation, especially when it comes to incentivizing compliance efforts in the private sector and to care for transparency in ownership structures.”