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Press Release07 July 2021Siemens AGMunich

Siemens to again support international initiatives in the fight against corruption

Funding will be provided to projects that are committed to joining forces in order to fight corruption under the “Collective Action” banner. Collective Action plays a key role in ensuring clean business and fair competition and is attracting more and more dedicated supporters.The Siemens Integrity Initiative is part of the July 2009 settlement between Siemens and the World Bank and the March 2013 settlement between Siemens and the European Investment Bank (EIB).
A total of eight additional projects will receive between US$1 million and US$4 million each over a period of three years. Building on the Third Funding Round launched in 2018, and taking into account the application and selection criteria published at siemens.com/integrity-initiative, a selection of shortlisted candidates were invited in December 2020 to apply for additional funding.
A team of experts from different specialist areas and regions subjected the projects to careful due diligence before presenting them to the Siemens Steering Committee for approval and then to the World Bank as part of the non-veto process and to the European Investment Bank for informational purposes.
“This is the final funding round under the settlement with the World Bank. In selecting the projects to be supported, we placed particular emphasis on how the sustainability of their activities and results can be ensured beyond 2024, and on how our partners will inspire, support and engage local non-governmental organizations and the public and private sectors through their longstanding networks and institutional standing. We’re pleased to again support diverse projects in order to promote fair competition and fight corruption with a portfolio balanced by region and topic,” said Sabine Zindera, Head of the Siemens Integrity Initiative and Vice President in Legal and Compliance at Siemens. 
In this round, funding will be provided to the following organizations:

  • the Basel Institute on Governance, Switzerland
  • the International Anti-Corruption Academy (IACA), headquartered in Austria
  • the Organization for Economic Co-operation and Development (OECD), headquartered in Paris
  • the Maritime Network on Anti-Corruption (MACN), Denmark
  • the Transparency International Secretariat, headquartered in Berlin
  • the United Nations Global Compact (UNGC), headquartered in New York through the Foundation for the Global Compact
  • the United Nations Office on Drugs and Crime (UNODC), headquartered in Vienna
  • the Vienna University of Economics and Business with a focus on tax law, Austria
Projects were selected with a view to achieving a balanced portfolio of topics and a wide regional distribution of funding. To further round off the portfolio, this funding round will focus on projects with activities in the Adriatic Region, Algeria, Argentina, Bangladesh, Brazil, Colombia, Egypt, Ethiopia, Ghana, India, Indonesia, Italy, Japan, Kenya, Nigeria, Malaysia, Pakistan, Romania, Rwanda, Saudi Arabia, South Africa, Spain, Thailand, Uganda, Uzbekistan and Zambia. Additional globally oriented projects and projects that are focused on least developed countries (LDCs) and emerging markets (EMs) will extend the current portfolio to over 50 countries.
As part of the settlement between Siemens and the World Bank, the World Bank has had the right since 2009 to audit the distribution of US$100 million in funding over a 15-year period. The World Bank may also veto Siemens’ selection of projects and organizations. As part of the settlement between Siemens and the European Investment Bank (€13.64 million over five years), the EIB has the right to reject the projects proposed. 
The Annual Reports of the Siemens Integrity Initiative, information about the funding rounds, the selection process, the detailed profiles of the projects selected and the independent 2017 Mid-term Review of the Initiative are available at siemens.com/integrity-initiative.

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Siemens AG (Berlin and Munich) is a technology company focused on industry, infrastructure, transport, and healthcare. From more resource-efficient factories, resilient supply chains, and smarter buildings and grids, to cleaner and more comfortable transportation as well as advanced healthcare, the company creates technology with purpose adding real value for customers. By combining the real and the digital worlds, Siemens empowers its customers to transform their industries and markets, to transform the everyday for billions of people. Siemens also owns a majority stake in the publicly listed company Siemens Healthineers, a globally leading medical technology provider shaping the future of healthcare. In addition, Siemens holds a minority stake in Siemens Energy, a global leader in the transmission and generation of electrical power. In fiscal 2020, which ended on September 30, 2020, the Siemens Group generated revenue of €55.3 billion and net income of €4.2 billion. As of September 30, 2020, the company had around 293,000 employees worldwide. Further information is available on the Internet at www.siemens.com.
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Reference Number: HQCOPR202106296242EN

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