Siemens Korea participates in ‘Business Integrity Society Summit 2021’

On March 26, the ‘Business Integrity Society (BIS) Summit 2021’, hosted by UN Global Compact (UNGC) Network Korea and Korea Sustainability Investing Forum (KoSIF), was held at Four Seasons Hotel, Seoul.

BIS project, which is sponsored by Siemens Integrity Initiative (SII) and operated by UNGC Network Korea and KoSIF, was launched 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.

Professional groups consisting of representatives from businesses, government ministries, international organizations, academia and civil society, including KiMoon Ban, the 8th UN Secretary-General, GeonLee Lee, Vice Chairperson of the Anti-Corruption and Civil Rights Commission, attended the event to identify changes on the anti-corruption landscape in corporations and to seek directions for enhancing corporate transparency. 8 companies/organizations received the Anti-Corruption Excellence Award, and about 70 companies including Siemens Korea, Siemens Healthineers, Siemens Digital Industries Software, Siemens EDA participated at the pledge ceremony for the commitment to anti-corruption.

Mr. ChewKong Lum, President & CEO of Siemens Korea, celebrated the past achievements of the BIS project through a congratulatory remark and said, “I anticipate that the positive impact of the BIS project will not be a temporary movement, but a part of spreading the ethical management culture of Korean companies in the future.” He emphasized that “ESG based on ethical management became a crucial factor for the survival of a company, and that is why Compliance is an investment, not a cost” and said that the project will greatly contribute to an increased level of integrity in Korean society.