Siemens Integrity Initiative funds Basel Institute for “Golden Stretch” in promoting anti-corruption Collective Action

With fund­ing from the Siemens Integrity Initiative and oth­er part­ners, the Basel Institute pro­motes anti-cor­rup­tion Collective Action with the pub­lic and pri­vate sec­tors and civ­il society.

The Siemens Integrity Initiative is boost­ing the Basel Institute’s capac­i­ty to pro­mote anti-cor­rup­tion Collective Action with USD 3.5 mil­lion in fund­ing.BASEL, SWITZERLAND, July 7, 2021 /EINPresswire.com/ — The Siemens Integrity Initiative is boost­ing the Basel Institute’s capac­i­ty to pro­mote anti-cor­rup­tion Collective Action with an addi­tion­al USD 3.5 mil­lion in fund­ing under its “Golden Stretch” round.

This fund­ing com­ple­ments an exist­ing USD 2.86 mil­lion project of our Collective Action team under the Siemens Integrity Initiative, with both projects due to end in 2024. We are delight­ed to be one of eight organ­i­sa­tions to receive the addi­tion­al fund­ing, which will help us expand our sup­port to more prac­ti­tion­ers, gov­ern­ments and com­pa­nies worldwide.

*Why the Golden Stretch?*

Collective Action has emerged as a pow­er­ful way to bring togeth­er diverse stake­hold­ers from the pub­lic and pri­vate sec­tors and civ­il soci­ety to ensure clean busi­ness and fair competition. 

As a recent study by our Collective Action team shows, the con­cept is now endorsed by numer­ous gov­ern­ments, inter­na­tion­al organ­i­sa­tions and stan­dard-set­ters, as well as prac­tised by busi­ness­es and civ­il soci­ety rep­re­sen­ta­tives world­wide who recog­nise the ben­e­fits of this col­lab­o­ra­tive approach to fight­ing corruption.

The suc­cess­ful expan­sion of Collective Action is in no small part down to the work of the Siemens Integrity Initiative, which has sup­port­ed 85 Collective Action projects across more than 50 coun­tries with three fund­ing rounds and the Golden Stretch Round since 2009. The total fund­ing com­mit­ment has increased from $100 mil­lion to near­ly $120 million. 

The Golden Stretch will help to ensure that the achieve­ments are sus­tained and the con­cept of Collective Action con­tin­ues to grow and spread.

*What to look out for at the Basel Institute*

The Basel Institute, which was found­ed in 2003 part­ly with the aim of pro­mot­ing Collective Action against cor­rup­tion, has been part of the Siemens Integrity Initiative com­mu­ni­ty since the first fund­ing round. Among many oth­er achieve­ments, the fund­ing has enabled us to devel­op the B20 Collective Action Hub, a glob­al go-to cen­tre for resources and guid­ance on anti-cor­rup­tion Collective Action, as well as build a strong com­mu­ni­ty of prac­ti­tion­ers through a series of inter­na­tion­al con­fer­ences and workshops.

The adop­tion by sev­er­al gov­ern­ments of the High Level Reporting Mechanism, a nov­el clean pro­cure­ment mech­a­nism devel­oped and joint­ly pro­mot­ed by the Basel Institute and the OECD with Siemens Integrity Initiative sup­port, is anoth­er key achieve­ment under our col­lab­o­ra­tion so far. A cur­rent series of round­ta­bles explor­ing syn­er­gies in human rights and anti-cor­rup­tion com­pli­ance is see­ing wide­spread res­o­nance in the pri­vate sec­tor, demon­strat­ing the pow­er of Collective Action to dri­ve respon­si­ble and sus­tain­able busi­ness beyond anti-corruption.

The new project will lever­age our broad expe­ri­ence to men­tor and sup­port cur­rent and upcom­ing Collective Action lead­ers, as well as show­case the wide applic­a­bil­i­ty of Collective Action to anti-cor­rup­tion and relat­ed sus­tain­able devel­op­ment goals. The B20 Collective Action Hub will be enhanced with online cours­es and a vir­tu­al help desk.

We will also mul­ti­ply our strate­gic efforts to main­stream Collective Action, help­ing to embed the prac­tice as a glob­al com­pli­ance norm. We have already made sig­nif­i­cant inroads in this strat­e­gy under the cur­rent Siemens Integrity Initiative project, with strong endorse­ments of Collective Action issued by the B20 Saudi Arabia in 2020 and in the Political Declaration of the Special Session of the UN General Assembly against Corruption (UNGASS 2021).

Look out for announce­ments of our forth­com­ing con­fer­ence in 2022 – and more –by fol­low­ing our Collective Action team on Twitter (@FightBribery) and LinkedIn.

Monica Guy
Basel Institute on Governance

EinPresswire.com