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ArcelorMittal signs CEO Letter on UN Convention against Corruption

In a Letter to UN Secretary-General Ban Ki-moon, Chief Executives from leading companies including ArcelorMittal called on governments to more effectively implement the Convention by adopting an effective implementation review mechanism at the next Conference of States Parties to be held in Doha in November 2009.

The letter was signed by 24 CEO's and initiates a broader campaign, inviting business leaders across the globe to sign the statement in support of the Convention.

As a member of the United Nations Global Compact, ArcelorMittal is committed to adhering to its 10 principles. As part of this commitment, ArcelorMittal recently released its Group Anti-corruption guidelines which establish procedures for handling corruption concerns, ensuring that any employees or third parties acting on our behalf observe the highest standards of integrity. The first Anti-corruption trainings worldwide have begun and training efforts will be intensified in the months to come.

Chairman and CEO, Mr Mittal said: "The signing of this statement is much more than a symbolic gesture. What it demonstrates is our commitment to the ethical principles set by the UN and our promise to adhere to them. Large global companies such as ArcelorMittal which operate in both emerging and developed countries must lead by example by conducting business in a fair and transparent manner. In order to be empowered to do so, governments must ensure the Convention's implementation."

Visit the United Nations Global Compact Anti-Corruption site

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