It is universally acknowledged that eliminating corruption is a prerequisite for societal and economic development. Good  governance and transparency are building blocks of modern democratic societies. The question is no longer whether corruption hinders sustainable development, but much more how societal actors can collaborate to eliminate corruption in all its forms, including bribery and extortion.

Through its tenth principle, the UN Global Compact asks the private sector to do its part in lighting and preventing corruption. Companies are expected to integrate the principle into their day-to-day business operations, and to engage in collective action and multi-stakeholder initiatives against corruption.