With the fight against corruption an urgent priority for governments and regulators, research by EcoVadis suggests that many companies do not have the systems and procedures in place to protect their bottom line or their reputation.
The UN estimates that corruption costs the world $3.6tn a year.
To put it another way, if corruption were a country, it would represent the world’s fifth-largest economy – significantly bigger than either the UK or France.
Whitepaper by CIPS, Supply Management Insider and Ecovadis
