This metric is intended to capture if the organization had a policy covering both anti-corruption and anti-bribery consistent with the UN Convention Against Corruption in place as of the end of the reporting period.
For more information on the UN Convention Against Corruption, see here: https://www.unodc.org/documents/brussels/UN_Convention_Against_Corruption.pdf
Corruption is here defined as the abuse of entrusted power for private gain, which can be instigated by individuals or organisations. It includes practices such as facilitation payments, fraud, extortion, collusion, and money laundering. It also includes an offer or receipt of any gift, loan, fee, reward, or other advantage to or from any person as an inducement to do something that is dishonest, illegal, or a breach of trust in the conduct of the undertaking’s business. This can include cash or in-kind benefits, such as free goods, gifts, and holidays, or special personal services provided for the purpose of an improper advantage, or that can result in moral pressure to receive such an advantage. (Source: https://www.efrag.org/Assets/Download?assetUrl=%2Fsites%2Fwebpublishing%2FSiteAssets%2F17%2520Draft%2520ESRS%2520G1%2520Business%2520Conduct%2520November%25202022.pdf)
Bribery is here defined as dishonestly persuading someone to act in your favour by giving them a gift of money or another inducement. (Source: https://www.efrag.org/Assets/Download?assetUrl=%2Fsites%2Fwebpublishing%2FSiteAssets%2F17%2520Draft%2520ESRS%2520G1%2520Business%2520Conduct%2520November%25202022.pdf)
For more information on this topic, Global Reporting Initiative standard 205 addresses the topic of anti-corruption. In this standard, corruption is understood to include practices such as bribery, facilitation payments, fraud, extortion, collusion, and money laundering; the offer or receipt of gifts, loans, fees, rewards, or other advantages as an inducement to do something that is dishonest, illegal, or represents a breach of trust. It can also include practices such as embezzlement, trading in influence, abuse of function, illicit enrichment, concealment, and obstructing justice. Corruption is broadly linked to negative impacts, such as poverty in transition economies, damage to the environment, abuse of human rights, abuse of democracy, misallocation of investments, and undermining the rule of law. Organizations are expected by the marketplace, international norms, and stakeholders to demonstrate their adherence to integrity, governance, and responsible business practices. (Source: https://www.globalreporting.org/standards/media/1006/gri-205-anti-corruption-2016.pdf)