Unified Metrics Library - Anti-corruption and antibribery
Helper question
Did the company identify insufficiencies in actions taken to
address breaches in procedures and standards of anticorruption and anti-bribery, during the
period?
Summary
Breaches in procedures and standards of anti-corruption and anti-bribery.
Unit
Boolean: Yes or No
Description
The organization is expected to disclose the evidence of insufficient actions taken to address anti-corruption and/or anti-bribery policy or procedure violations.
Regulatory Definition
Share of investments in investee companies with identified insufficiencies in actions taken to address breaches in procedures and standards of anti-corruption and anti-bribery
Sources
- Commission Delegated Regulation (EU) 2022/1288 of 6 April 2022 supplementing Regulation (EU) 2019/2088 of the European Parliament and of the Council with regard to regulatory technical standards specifying the details of the content and presentation of the information in relation to the principle of do no significant harm . ANNEX I (Table 3, Additional indicators for social and employee, respect for human rights, anti-corruption and anti-bribery matters, Indicator 16)
Examples
An insufficient action to address anti-corruption and/or anti-bribery policy or procedure violations might include not responding promptly and effectively to any allegations or incidents of misconduct, and taking appropriate disciplinary and remedial actions, as well as reporting to the relevant authorities if required.