A new business tool designed to fight bribery is now published.
ISO 37001 is the first international anti-bribery management system standard designed to help organisations combat bribery risk in their own operations and throughout their global value chains. It has the potential to reduce corporate risk and costs related to bribery by providing a manageable business framework for preventing, detecting, and addressing bribery.
Neill Stansbury, Chair of ISO project committee ISO/PC 278 responsible for the new standard said bribery is a significant business risk in many countries and sectors.
“In many cases, it has been tolerated as a ‘necessary’ part of doing business. However, increasing awareness of the damage caused by bribery to countries, organisations, and individuals has resulted in calls for effective action to be taken to prevent bribery.”
Many organisations have already invested significant time and resources into developing internal systems and processes for preventing bribery. ISO 37001:2016 Anti-bribery management systems – Requirements with guidance for use, is designed to support and broaden those efforts, while providing transparency and clarity on the measures and controls that organisations should be putting in place and how to implement them most effectively and efficiently.
ISO 37001 will help prevent, detect, and deal with bribery, whether such bribery is by or on behalf of an organisation or its employees or business associates.
Stansbury says that ISO 37001 has been developed to ensure flexible use by organisations of all sizes, wherever they may do business.
“The bribery risk facing an organisation varies according to factors such as the size of the organisation, the countries and sectors in which the organisation operates, and the nature, scale and complexity of the organisation’s operations. Therefore, ISO 37001 specifies the implementation by the organisation of reasonable and proportionate policies, procedures and controls.”
Organisations may choose to be certified to ISO 37001 by accredited third parties, to confirm that their anti-bribery management system meets the standard’s criteria. Although certification (or compliance) to ISO 37001 cannot provide assurance that no bribery has occurred or will take place in relation to an organisation, the standard can help establish that the organisation has implemented all appropriate measures designed to prevent bribery.
Buy ISO 37001:2016