Construction company Balfour Beatty and plant engineering group IMI are the first two companies to register for accreditation withthe Investing in Integrity charter mark, a new accreditation systemdeveloped by the Institute of Business Ethics (IBE) and the Chartered Institute for Securities & Investment (CISI).
The idea is that companies can use the accreditation to demonstrate that they have ethical policies, procedures and practices that demonstrate a commitment to act with integrity.
The certification process involves self-assessment, followed by a third-party audit, with site visits, staff interviews, an employee survey and reviews of documentation.
Balfour Beatty chief executive Ian Tyler said: “Increasingly, organisations that are determined to conduct business ethically are seeking ways of demonstrating that commitment to customers and other stakeholders and gaining better assurance that their partners and suppliers share that commitment. This is true of both public and private sector organisations, which are increasingly aware of the legal and reputational damage that third parties can cause them, if they do not operate to the same ethical standards. We believe that Investing in Integrity, backed by the IBE’s reputation in business ethics, can perform a valuable role in helping Balfour Beatty and other like-minded organisations to provide evidence of their commitment to act with integrity.”
Got a story? Email news@theconstructionindex.co.uk
