ISO 37001:2016 is an international standard created to improve bribery risk management in organizations. The standard works for the business as a high performance tool that provides clear guidelines for developing anti-corruption systems.
This includes establishment of anti-corruption policies, regular risk assessments and effective monitoring of activities. The standard requires from organizations to demonstrate a clear commitment to preventing and fighting corruption thus ensuring accountability and transparency in their business practices.
Implementing ISO 37001 has significant benefits for organizations. First of all, certification serves as a proof of the high ethical standards of the business. This could strengthen the trust of customers and partners and create a competitive advantage. Secondly, organizations reduce the risk of corruption, which can lead to significant legal and financial consequences.
From a societal perspective, ISO 37001:2016 helps develop a more fair and responsible business society. The fight against corruption improves the economic environment by creating conditions for sustainable growth and development. Organizations certified to this standard send a strong message about their active involvement in the creation of an ethical and fair business model.
Policy and commitment: Establishment of a clear anti-corruption policy and top management’s commitment to preventing corruption.
Risk assessment and establishment of a management system: Identification and assessment of corruption risk and establishment of a management system, including appropriate policies and procedures.
Training and awareness: Training staff on the risks and consequences of corruption and maintaining continuous awareness.
Inspection and control: Introduction of effective measures to check and control the implementation of anti-corruption policies and procedures.
Access to information and resources: Provision of the resources and information required to support the fight against corruption in the organization.
Denunciation and response: Implementation of mechanisms for denouncing corruption and establishment of procedures for rapid and effective response.
Cooperation with stakeholders: Active cooperation with stakeholders, including customers, partners and the public to support anti-corruption initiatives.
Evaluation and improvement: Regular assessment of the effectiveness of the management system and implementation of improvements according to the achieved results and changed environment.
