Corruption is harmful for many reasons. Primarily, it is a considerable obstacle to economic and social development around the world. It holds back sustainable development and often affects poorer communities the most. From a business perspective, corruption undermines fair competition, impedes innovation, raises costs and poses serious legal and reputational consequences.
We are committed to winning business on merit, ability and fairness and acting vigorously to correct any irregularities we encounter. Ericsson strives to be a responsible and relevant driver of positive change within the communities and societies where we operate. As part of this commitment, fighting and preventing corruption are a high priority.
Fighting and preventing corruption requires discipline, persistence and clear strategies. It is hard work, and a fight that needs to be battled on many fronts. Read more about our work with anti-bribery and corruption here:
Ericsson’s Ethics & Compliance program
Building global partnerships
We engage with global organizations and programs to join forces in our fight against corruption.
Fighting and preventing corruption is impossible if done in isolation. Ericsson works through global organizations to raise awareness and build partnerships in our fight against corruption. We are committed to uphold UNs’ Global Compact Principles and to implement their Guiding Principles on Business and Human Rights throughout our business operations. The implementation of these policies and directives, risk management and achievement of objectives are audited by an external assurance provider, under our Global Assessment Program.
Furthermore, since 2012, we have been a signatory to the World Economic Forum Partnering Against Corruption Initiative (PACI) - a cross-industry collaboration to address corruption, transparency and emerging-market risks - and its Principles for Countering Corruption, aimed at raising business standards and contributing to greater transparency and accountability. The PACI Principles commit signatory companies to a zero-tolerance policy towards bribery, and an effective program to counter bribery and ensure its implementation.
Ericsson is a member of the Swedish Leadership for Sustainable Development (Swedish Leadership). Within the network, members share knowledge and best practices, work on joint actions, and develop and carry out new projects and initiatives. One of the priority goals is fighting corruption and unethical behavior. Swedish Leadership has become a valuable forum for knowledge sharing as well as a platform for the formation of new partnerships and collaborative models for poverty reduction and sustainable development.