ISO 37001 Certification

Service Details:

The ISO 37001:2016 standard provides minimum requirements and supporting guidance for implementing an anti-bribery management system. Certification to ISO 37001 provides assurance to management, investors, business associates, personnel, and other stakeholders that an organization has taken appropriate measures to prevent bribery. ISO 37001 was published in 2016 and is the international standard for anti-bribery management systems. The standard is designed to assist organizations in implementing and maintaining specific measures which assist them in preventing, detecting and addressing bribery across the organization and its business activities. Implementation and certification of ISO 37001 can be considered as self protection to prevent bribery within the organization / company or other business partners. Monitoring by means of routine internal audits shall be executed as evidence of commitment to anti-bribery in addition to routine external audits by the PDCA (Plan Do Check Action) method. ISO 37001 certification offers a practical approach to understanding bribery risks in your organization. By implementing and certifying your Anti-Bribery Management System (ABMS), you can mitigate bribery risks, meet legislative requirements and create a company culture of integrity. ISO 37001 helps organisations mitigate bribery risk in their own operations and throughout their global value chains. It provides a manageable business framework for preventing, detecting and addressing bribery risks that can potentially reduce corporate costs related to bribery misconducts. 

ISO 37001 is a flexible business tool that can be adapted by any organisation, large or small, in any country, regardless of business type or bribery risk.

Demonstrating anti-bribery efforts, to control bribery and corruption risks, are crucial to protecting an organisation's reputation and brand value. Compliance with the ISO 37001 standard can be a key market differentiator when used to minimise the risk of unlawful behavior and showcase an organisation's dedication to ethical practices. ISO 37001 certification is a valuable credential that can build customer and investor confidence in the organisation's integrity and credibility. Certification to ISO 37001 can support the work with your anti-bribery management system by verifying that the above requirements are addressed, that necessary controls are in place both in your own organization and across your entire value chain and that the company has adequate and proportionate procedures in place to actively prevent bribery.

Service Details:

The International Organisation for Standardisation (ISO) has published thoussands of standards on business management systems such as quality, safety, and compliance. ISO Standards are internationally recognised way to prove commitment and implementation of best practices and controls. The most well-known is ISO 9001 on Quality Management, against which over 1.1 million sites have been certified.

ISO 37001 provides a global standard against which companies can measure their anti-bribery programmes. The standard harmonises guidelines from major anti-corruption regulations and was developed by experts from 38 countries.

ISO 37001 comprises of ten clauses to help your corporation’s build robust ABMS. The certification process itself is not a type of ‘checkbox’ review by auditors. There are a few stages that ensure that the applicants have put the system into action.

 

Not only will the auditors check the written policies, but they will also ask for documentation as evidence that the policies are put into action. In addition, they will also validate the evidence by conducting interviews with the people who are responsible for implementing the policies, such as Directors, managers, employees. Once corporations receive the certificates, the certification body will conduct annual reviews to ensure that the corporations remain in compliance with ISO 37001 standards.

What are the benefits of ISO 37001:2016 ABMS Certification?

ISO 37001:2016 ABMS certification includes audit assessment procedures, to utilise the application and maintenance of a robust anti-bribery program. Being an all-encompassing standard that is integrated with other management systems, the ISO 37001:2016 ABMS certification provides several benefits:

 

1. Competitive advantage over other organisations
2. Greater awareness on the output of bribery
3. Enhanced aptitude for the prevention of corruption
4. Expansion of business opportunities
5. Continual improvement of services and products
6. Enhancement of the organisation’s reputation
7. Facilitation of efficient management operations
8. Apt demonstration of legal compliance and assurance
9. Reduction in structural and miscellaneous costs
10. Escalation of organisational assets
11. Better implementation of compliance programs
12. Precise execution of significant measures
13. Increase in business efficiency and effectivity
14. Superior trust and transparency
15. Reduction of malpractice and other hazards
16. Protection of resources and other capitals
17. Easy integration to existing management systems
18. Appropriate utilisation as a due diligence evidence
19. Accurate evaluation of organisation’s position
20. Recognition and deterrence of immediate threats
21. Placement of adequate procedures to combat risks
22. Timely observation and development of controls
23. Execution of feasible anti-bribery procedures
24. Practice of internationally recognised processes
25. Establishment of ethical global practices

CDG is a leading ISO 37001 certification body in India. Contact us for certification to 'Anti-Bribery Management System'