Integrity and Compliance Task Force

B20 India (2023)

The B20 India did not establish an Integrity and Compliance task force. Some Integrity and Compliance topics were integrated into the new Action Council on ESG in Business

B20 recommendations

B20 Recommendations: Taken from the Action Council on ESG in Business Policy recommendations

Action Council on ESG in Business Policy paper

Recommendation 1: To adopt universally adaptable ESG standards and disclosures that are comprehensive, transparent, inclusive, and equitable.

Policy Action 1.1: Adopt a standard set of definitions/taxonomies through harmonised ESG frameworks for disclosures and reporting and ensure transparency in rating methodologies.

Policy Action 1.2: Integration of ESG processes in supply chains

Recommendation 2: ESG implementation pathways to accelerate adoption of responsible and sustainable processes.

Policy Action 2.1: Regulators to agree on and mandate the implementation of a common policy and regulatory framework for standards and disclosures that adopts a phased approach to encourage businesses to apply standard global best practices.

Policy Action 2.2: G20 nations and businesses to incentivise adoption of sustainable elements in the conduct of business.

Recommendation 3: Augmenting ESG governance.

Policy Action 3.1: Establish a clear ESG governance framework with desired mechanisms and disclosures.

Policy Action 3.2: B20 will create a common knowledge-sharing and capacity-building platform on ESG good practices, especially to deepen consumer awareness and perceptions.

Action Policy 3.3: Promote ethical leadership and practices to exemplify ESG compliance leadership.

Recommendation 4: Drive business resilience and disaster management through a robust framework.

Policy Action 4.1: Design and implement a resilience framework with focus on adaptation and strengthening of value chains, including agricultural supply chains and food security.

Policy Action 4.2: Create a collaboration platform, such as a Centre of Excellence (CoE), to harness strategic and forward-thinking on resilience and adaptation.

G20 commitments

Excerpts from the G20 leaders’ statement relevant to anti-corruption.

G20 2023 New Delhi Leaders’ Declaration

In their Declaration, G20 Leaders reaffirm their commitment to zero tolerance for corruption:

Commitment 1

We endorse the three G20 High-Level Principles on:

Strengthening Law Enforcement related International Cooperation and Information Sharing for Combating Corruption
Strengthening Asset Recovery Mechanisms for Combating Corruption
Promoting Integrity and Effectiveness of Public Bodies and Authorities responsible for Preventing and Combating Corruption

Commitment 2

Reaffirm our support to enhance global efforts to seize, confiscate and return criminal proceeds to victims and states, in line with international obligations and domestic legal frameworks, including through support to the Financial Action Task Force (FATF) and operationalization of the GlobE Network.

Commitment 3

Reaffirm our commitment to demonstrate and continue concrete efforts and share information on our actions towards criminalizing foreign bribery and enforcing foreign bribery legislation, in line with Article 16 of the United Nations Convention against Corruption (UNCAC), and welcome Anti-Corruption Working Group’s efforts in striving towards this goal. We look forward to enlarging participation to the OECD Anti-Bribery Convention, as appropriate.