Siemens Korea, Participates in the ‘Business Integrity Society Impact Forum’

BIS is the 3rd global funding round project sponsored by the Siemens Integrity Initiative (SII) and operated by UNGC Network Korea and KoSIF for three years from October 2019 to September 2022 with 3 goals: increasing business transparency and creating anti-corruption environment by improving laws and systems, strengthening corporate compliance and ethical management capabilities, and joint efforts to establish an anti-corruption corporate culture. BIS was selected as one of three finalists for the Outstanding Achievement Award for a Collective Action Award 2022 awarded by the Basel Institute on Governance and it was the only project operating in Asian countries.

Professional groups consisting of representatives from businesses, government ministries, international organizations, academia and civil society, including Mr. KiMoon Ban, the 8th Secretary-General of the United Nations and Mr. YongWoo Lee of the Corporate Anti-Corruption Cooperation Forum of the National Assembly attended to look back on the past achievements of BIS and discuss the future direction of corporate anticorruption. More than 30 Korean companies participated in the ‘Ring the Integrity Bell’ event in the hope that the voice of integrity would resonate widely in our society reminding the meaning of collective actions.

Mr. HaJoong Chung, President & CEO of Siemens Korea, celebrated the past achievements of the BIS project through a congratulatory remark and said, “Regardless of external evaluation, corruption is ultimately passed on to the cost of the company. Therefore, anticorruption and ethical compliance management should be a top priority for the company to find an answer to the topic of sustainable management.” He also added that the BIS project and Siemens integrity initiative are now being completed, but we hope that all businesses, governments and social groups will unite and make continuous efforts and activities for fighting corruption.