ing knowledge , and engaging diverse stakeholders , these efforts help address corruption and its detrimental effects on industries and economies . |
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Furthermore , promoting transparency and accountability is vital for effectively addressing corruption on both the demand and supply sides . It is essential to confront misconduct related to the green transition , environmental crimes , and human rights violations . With global sustainable investments projected to exceed USD 53 trillion by 2025 13 , implementing robust governance frameworks becomes crucial to prevent illicit activities and ensure the integrity of sustainable initiatives . |
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3 . Promote ethical leadership to foster inclusive growth : G20 countries should embrace the principle of " leading by example " to promote ethical leadership and foster inclusive growth . This begins with ensuring fair and safe workplaces by enhancing measures against harassment and discrimination in both public and private sectors . By prioritizing anti-harassment policies , G20 nations can set a standard for ethical leadership that boosts employee well-being and productivity while encouraging diverse perspectives and innovation .
A Deloitte study highlights that organizations with a strong ethical culture are twice as likely to meet or exceed financial targets , three times more likely to be high-performing , six times more likely to be innovative and agile , and eight times more likely to achieve better business outcomes . This demonstrates that ethical leadership is not only the right thing to do but also a business imperative .
Furthermore , when discussing ethical
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leadership , it is essential to mention the rapid adoption of artificial intelligence in business today . As AI transforms business operations , ethical and transparency concerns arise . The G20 must advocate for international frameworks governing these technologies to ensure transparency and clear communication with users . Establishing ethical guidelines is crucial to protect users and build trust in these systems .
Successful examples already exist , such as Brazil ’ s Pró-Ética 14 initiative incentivizing voluntary integrity measures , the Basel Institute ’ s Green Corruption initiative 15 addressing environmental corruption , and TEID ’ s work in Turkey fostering a culture of integrity
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through Collective Action 16 . These initiatives demonstrate that the B20 ’ s recommendations are practical and actionable , making a real difference in the global fight against corruption .
In conclusion , the B20 ' s recommendations are essential for addressing integrity and compliance challenges . Both businesses and governments must take concrete steps to implement these strategies . The fight against corruption transcends compliance ; it aims to create an environment where businesses thrive , economies grow , and people live with dignity . The B20 and G20 hold a unique opportunity to lead this effort , ensuring that these initiatives result in lasting , positive change
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