World Economic Forum corporate partners
The World Economic Forum Partnering Against Corruption Initiative (PACI) is a global, multi-industry, multi-stakeholder anti-corruption initiative set up to raise business standards and to contribute to a competitive, transparent, accountable and ethical business society.
The Partnering against Corruption Initiative (PACI) was established under the auspices of the World Economic Forum (WEF), the Basel Institute on Governance, and Transparency International at the WEF 2004 annual meeting in Davos. It arose at a time when companies lacked a space to collectively address many issues relating to the fight against corruption that were shared across industries and stakeholders.
To join PACI, CEOs from World Economic Forum Member companies sign the PACI Signatory Application, thereby committing to a zero-tolerance policy towards bribery and corruption and agreeing to establish an internal anti-corruption programme. Today, more than 80 PACI signatories have joined the initiative, including industry leaders from multiple sectors and global locations.
- Selectively engage in global policy shaping activities; leveraging the CEO-level voices of PACI to define a true level playing field
- Engage in a limited number of high impact Collective Action activities in partnership with engaged governments and PACI members
- Ensure that PACI continues to facilitate the development and sharing of best in practice case studies
The PACI Principles, which were first issued in 2004, have a set a globally recognized benchmark to track and encourage compliance efforts by companies. The initiative asks business leaders to sign a set of Principles, thereby committing to a zero tolerance policy towards bribery and corruption and agreeing to establish an internal anti-corruption programme. Through signing on to the PACI Priniciples, companies show their committment to the design and implementation of anti-corruption policies, benchmarking of best practices in an environment of peer-learning and exchange, and leveling the playing field among competitors through entering into Collective Action with assorted stakeholders.
PACI’s Good Practice Guidelines on conducting 3rd Party Due Diligence, launched in January 2013, assists companies in mitigating the risk of being involved in corruption through their third parties (e.g. agents, suppliers, joint-ventures). New virtual spaces, TopLink and the PACI Radar, will facilitate information-sharing among PACI members and encourage greater interaction with other Forum communities with an interest in the fight against corruption.
Historically focused on improving compliance practices, PACI has been devoting growing efforts to foster a high-level dialogue between business and governments on key corruption challenges. This strategic reorientation towards increasing PACI's global impact is focused at industry, regional and global levels. On the ground, three reform areas identified by PACI to address the challenge of facilitation payments at customs were integrated in the Vietnam Customs and Reform Modernization Plan 2020. In addition, through the new local PACI chapter in Mongolia, government and business leaders from the country formed an unprecedented partnership to jointly address local corruption challenges and support private sector integrity efforts. PACI will continue to promote these forms of Collective Action activities in future.