Transparency International Corporate Anti-Corruption Benchmark Assessment
Corruption is a global threat to economic growth, innovation and sustainable development, and we all have a part to play in countering it. Of course, fighting corruption is a worthy aim in itself. But in terms of our business around the world, we know we operate best in an environment that is fair, accountable and above board when it comes to our supply chain and marketplace. In recognition of this, we recently took part in Transparency International's Corporate Anti-Corruption Benchmarking assessment.
Transparency International aims to tackle global corruption and prevent criminal activities arising from bribery. In partnership with PWC, it facilitates the Corporate Anti-Corruption Benchmark: an industry leading assessment that recently evaluated our anti-corruption programme against regulatory guidance and best practices. The assessment covers areas including:
Top Level Commitment towards the Anti-Corruption Programme
Risk Assessment & Planning
Policies and Procedures, including our Code of Conduct and controls
High Risk Areas that pose an increased corruption risk
Managing Third Parties and how we interact with them
Communications and Training that informs and educates our employees on anti-corruption matters
Monitoring and Review of the performance of the Anti-Corruption Programme
Reporting, both internally and publicly, on data from our Anti-Corruption Programme.
Our most notable 2022 improvements
In 2022, we have seen a notable increase in both our scoring and in our ranking in the Transparency International Corporate Anti-Corruption Benchmark - now positioning ourselves as one of the top-scoring organizations in our peer group.
Every part of our anti-corruption programme was seen to have improved significantly, especially:
Managing Third Parties which increased by 11 points since our participation in the 2020 Corporate Anti-Corruption Benchmark;
Monitoring and Review which rose 7 points from our previous submission; and
Risk Assessment & Planning which went up 6 points.
With our top scoring areas being:
Our Top-Level Commitment which showcases great top-level communication, governance and collective action;
Communication and Training which outlines the robust training provided across Reckitt, as well as high-level communications throughout the year; and
Managing Third Parties which shows our commitment to reduce risks arising from our Third Party relationships.
Our scores and overall placement demonstrate our dedication to carrying out business to the highest ethical standards and our ongoing commitment to anti-corruption. They show how determined we are to stick to 'Doing The Right Thing, Always', and comply with relevant laws and regulations as we pursue sustainable growth. We will strive to incorporate Transparency International's recommendations and continue to enhance our Compliance Programme, thus constantly reducing our exposure to corruption risks.
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Reckitt Benckiser Group plc published this content on 21 September 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 September 2022 11:09:09 UTC.
Reckitt Benckiser Group plc specializes in the production and marketing of household cleaning products. The group also produces and sells personal care products and OTC remedies. Net sales break down by product family as follows:
- OTC and health products (41.5%): antiseptic products (no. 1 worldwide; Dettol brand), OTC products (Gaviscon, Mucinex, Strepsils, Clearasil, etc.), intimate wellness products (Durex, K-Y and Queen V brands), vitamins, minerals and dietary supplements (Airborne, Move Free and Neuriva brands), analgesics (Nurofen brand), and personal care products (Veet brand);
- hygiene and household cleaning products (41.2%): toilet and bathroom cleaning products (Cillit Bang and Harpic brands), disinfectants and surface cleaners (no. 1 worldwide in disinfectant cleaners; Dettol, Lysol and Veja brands), deodorants and anti-parasitics (no. 2 worldwide; Air Wick, Mortein and SBP brands), dishwashing products (no. 1 worldwide; decalcifying salts, anti-corrosion products, strippers, etc.; Calgonit and Finish brands), laundry detergents, fabric softeners and ironing aids (Vanish, Calgon and Woolite brands);
- nutrition products (17.3%): primarily infant nutrition products (Enfamil, Enfagrow, Enfinitas and Nutramigen brands).
Net sales break down geographically as follows: the United Kingdom (5.4%), the United States (31.8%) and other (62.8%).