ISO 37001:2016 (Anti-bribery management systems -- Requirements with guidance for use) was recently published by the International Organization for Standardization (ISO) with the aim of helping organizations combat bribery and promote an ethical business culture.
Work on the new standard began in 2013, and following a rigorous review process involving committee representatives from 45 countries and 7 liaison organizations, ISO 37001:2016 was published on 14 October 2016.
Whilst a certification against ISO 37001:2016 does not guarantee that an organization will remain free from bribery, the standard specifies a series of measures that serve as a framework for organizations to subsequently implement controls that enhance their ability to prevent, detect, and address bribery risk.
Having ISO 37001:2016 certification also demonstrates to key stakeholders and potential clients that an organization is committed to internationally recognized anti-bribery practices not only within its own operations, but also with its dealings across its global value chain.
Based on the High-Level Structure, Annex SL, ISO 37001:2016 is easily integrated into other existing management systems such as ISO 9001:2015 and ISO 14001:2015. Additionally, the requirements of ISO 37001:2016 are generic and applicable to organizations of all types, locations, and sizes. Therefore, organizations that have already invested in anti-bribery controls will likely find that embedding the standard’s requirements will enhance existing practices.
Commenting on the development, Judith Turner, LRQA Technical Manager said, “Everybody knows that the threat of bribery and corruption has tangible business implications. More crucially though, the risk of being exposed to bribery, even if it is purely perceived, has the potential to destroy something far less tangible but much harder to recover from – trust in your organization. Being prepared to tackle bribery risk can go a long way in helping an organization safeguard its long-term brand reputation and the integrity of its operations.”
With some of the world’s leading standards being revised, LRQA is at the forefront of communicating the changes. We offer a range of assessment services as well public and in-house training courses, all aimed at helping to ensure that organizations worldwide have a smooth transition to the new standards.
For more information, email email@example.com or visit www.lrqausa.com/isostandardsupdate.