“Spotting and acting on any ethical and cultural shortfalls today reduces the risk of reputational disaster tomorrow.”Anthony Hilton writing on Investing in Integrity in the Evening Standard
Investing in Integrity (IiI) is an accreditation system for business. It is designed to enable an organisation to reassure its stakeholders that it has appropriate policies, procedures and practices in place to demonstrate a commitment to act with integrity at all times.
Jointly developed by the Institute of Business Ethics (IBE) and the Chartered Institute for Securities & Investment (CISI), it is designed to build trust and is suitable for organisations of all types and sizes.
GoodCorporation was appointed by the IBE and CISI to develop the assessment framework for Investing in Integrity and has been awarded a six-year contract to carry out the assessment work for this new scheme.
Subscribers to the Investing in Integrity process, which is available for whole organisations or business units in any sector, have to carry out a comprehensive on-line self-assessment of their ethical policies, procedures and practices. Once this is completed, GoodCorporation conducts a full assessment involving site visits, staff interviews, an employee survey and reviews of documentation.
Successful organisations will then be awarded the Investing in Integrity charter mark for three years. This charter mark can be displayed, subject to annual self-certification that there has been no material change, in the subscriber’s ethical policies, procedures and practices.
- Enables organisations to assess the comprehensiveness of the Code of Ethics, test how well it is governed and embedded across the organisation and how issues regarding the code can be raised.
- It allows organisations to see where they are doing well and highlights areas for improvement.
- It benchmarks where they are alongside others.
- Externally it provides a mark of recognition which can be used not only to reassure stakeholders, including the general public, but also to set expectations for them.
It demonstrates the organisation’s values and helps to build trust.