What Is Iso 37001 Certification And Who Should Get Certified?
ISO 37001 is the international standard for anti-bribery management systems. It provides a framework for businesses operating anywhere in the world to assess their internal anti-corruption processes and address any weaknesses. Any organisation benefits from ISO 37001 assessments, although it may be particularly beneficial for those working in fields where bribery is a known risk-factor.
It covers a wide range of scenarios where bribery may occur :-
Directly by the organisation.
By employees acting on the organisation’s behalf.
Bribery conducted through intermediaries.
Bribery of the organisation by third parties.
Bribery of the organisation’s employees by third parties.
Achieving international recognition that enhances your career opportunities and professional credibility on a global scale.
ISO 37001 specifies a series of measures that assist your organisation in preventing, detecting and addressing bribery. Its focus on prevention helps businesses mitigate the risk of bribery throughout their own operations and across value chains. The standard promotes a culture of transparency and integrity, and the expansion of effective measures to prevent and tackle problems related to bribery.
Becoming ISO 37001 certified is not mandatory, but as a growing number of organisations undergo audits, it is becoming an industry benchmark for a company’s approach to bribery.
How Does Iso 37001 Certification Help Businesses?
Today more than ever, news of corruption scandals spreads fast and can prove devastating for companies – even the hint of bribery can seriously damage your reputation. ISO 37001 acts as an effective tool to help organisations combat the risk of bribery and maintain customer trust in their product and service offerings. Your stakeholders can be assured that your organisation has implemented internationally recognised best practices for anti-bribery controls, and they can have confidence in the integrity of your internal processes.
Becoming ISO 37001 certified brings multiple benefits :-
Enhances competitiveness and credibility.
Implement an effective anti-bribery management system which supports a business culture based on transparency and integrity.
Reduce intervention costs.
Develop internal processes that regularly monitor key challenges, to control risks and costs related to bribery.
Improve service and product value.
Prevent the negative impacts of bribery and the consequences of associated cost increases.
Enhance brand reputation.
With an internationally recognised certificate from TÜV SÜD that openly demonstrates your commitment towards the prevention of corruption.
Evidence of due diligence.
For legal purposes, the standard demonstrates that you have taken due diligence preventative measures in case evidence of bribery does emerge, which may help reduce fines.
