Siemens launched a global Siemens Integrity Initiative which supports organizations and projects fighting corruption and fraud. Promotion and Adoption of Responsible Business Practices by Corporates in India is a 48-month project that began in March 2015. It is supported by Siemens AG under Siemens Integrity Initiative. The Initiative focuses on supporting projects that have a clear impact on business environment, can demonstrate objective and measurable results, and have the potential to be scaled up and replicated.
The abundant potential of domestic market, driven by its emerging middle class, cost competitiveness and large talent pool, make India one of the most preferred destinations for investments and businesses. Nevertheless, instances involving multibillion dollar irregularities have tarnished Indias image among investors. Strong law enforcement and zero tolerance approach toward unethical business practices is the most effective way to combat corruption. It will only be a matter of time before Indian regulations align themselves with internationally acceptable ethical business practices and anti-corruption laws and practices.
A comprehensive framework is required to help curtail corruption. This project will provide structured assessment through various trainings and workshops that will help to determine the best practices suited to business. It is also focused on latest best practices which will help to develop insights on how to improve responsibility and accountability for stakeholders confidence.
To sensitize, capacitate and help large companies (100) in major Indian cities to adopt responsible business practices and influence their supply chain (SMEs: Small and Medium enterprises) & involve local stakeholders and government agencies to create awareness including, ensuring a multiplier effect with improved corporate governance resulting in reduced corruption in Indian business.
Siemens has launched a global Siemens Integrity Initiative that supports organizations and projects fighting corruption and fraud through Collective Action, education and training. The Initiative focuses on supporting projects that have a clear impact on the business environment, can demonstrate objective and measurable results, and have the potential to be scaled up and replicated. Siemens considers projects with an impact on the business sectors and countries in which Siemens is active.
It is focused on following:
"Collective Action": Raise compliance standards and create awareness by creating alliances between the public and the private sector
"Education & Training": Build capacity, foster a culture of integrity and promote knowledge sharing between institutions and stakeholders
CII is a non-government, not-for-profit, industry-led and industry-managed organization, playing a proactive role in Indias development process. Founded over 117 years ago, it is Indias premier business association, with a direct membership of over 7100 organizations from the private as well as public sectors, including MSMEs and MNCs, and an indirect membership of over 90,000 companies from around 250 national and regional sectorial associations. CII set up the Environmental Management Division in 1992, which was renamed the Centre of Excellence for Sustainable Development (CII-CESD) in 2006. As the country and the business community gears itself toward achieving sustainability, the CII-CESD provides the fundamental principles and the direction. It enables the government and business to engage with the myriad of sustainability issues facing the country.