A new partnership with NGO Transparency International (TI) reinforces ArcelorMittal Brazil’s commitment to ethical business practices.
The agreement with respected corruption watchdog TI underscores the company’s commitment to keeping its operations free from unethical practices. ArcelorMittal Brazil expects the partnership to have a positive impact on its entire production chain, encouraging other companies to also seek better governance, equity and sustainability in business.
ArcelorMittal Brazil was recognised by TI after being assessed for its compliance with international laws of compliance, ethics and transparency. The company is ranked fifth in TI’s 2014 “Transparency in corporate reporting”, which evaluates the transparency of corporate reporting by the world’s 124 largest publicly listed companies.
ArcelorMittal is the first Brazilian company to sign a partnership of this kind with the organisation.
Benjamin Baptista Filho, president of ArcelorMittal Brazil, said: "We have an active compliance structure in place and intend to play a pivotal role in helping our country build a broad consensus on integrity within the business community”.
TI’s Bruno Brandão said: "Brazil needs realistic solutions to its current challenges. In terms of global rankings for corruption perception, Brazil has a way to go, but compared to many countries, it is in an advantageous position. We are living an historic moment, with great risks but also great opportunities”.
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