12 Feb 2021
By Zdravko Ljubas, OCCRP, 10 February 2021
OCCRP — Transparency International revealed on Tuesday that nearly three quarters of the world’s largest defence companies show minimum or no commitment to tackling corruption, wasting this way huge amounts of the nearly US$2 trillion of public money spent only in 2019 on militaries.
Transparency’s Defence Companies Index on Anti-Corruption and Corporate Transparency (DCI) showed that only 16 of the 134 companies assessed received a top ‘A’ or ‘B’ ranking, demonstrating a high level of commitment to anti-corruption, 44 got ‘C’ or ‘D’ marks, meaning they showed moderate or limited commitment, while 74 ended up in the ‘E’ and ‘F’ groups described as firms with little or very little commitment.
A TI press release said that “of the 36 companies that scored a ‘C’ or higher, 21 are based in Europe and 13 in North America.”
The report explained that many companies score well on the quality of their internal anti-corruption measures, but “because most companies publish no evidence on how these policies work in practice, it is impossible to know whether they are actually effective.”
Transparency International underlined that the “defence industry is a prime target for corruption because of the vast amount of money involved, with global military expenditure in 2019 estimated at more than US$1.9 trillion, the close links between defence contracts and politics, and the notorious veil of secrecy under which the sector operates.”
Read more at OCCRP
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