The European Aerospace and Defence Industry, as represented in the AeroSpace and Defence Industries Association of Europe (ASD), reaffirms its continued dedication to contribute to a market place free of corruptive practices, allowing all participants in the international market to compete on an equal and fair basis.
The industry expresses its commitment to observe and apply the anti-corruption rules embedded in national legislation implementing the 1997 OECD Convention and UNCAC as well as any other applicable law.
Over the years, extensive and thorough work has been accomplished by ASD’s member corporations in developing effective company codes of conduct and integrity programmes, seeking to ensure robust compliance with legislative and corporate rules through their worldwide organisations.
The definition of common good practice can contribute significantly to a better integrity climate. The industry is however aware that its integrity endeavours should, in order to be and remain effective, go hand in hand with further improvements by states to the fair and equal implementation of the 1997 OECD Convention and UNCAC, which implies also a harmonisation of procedural and judicial rules related to their enforcement.
In this spirit, a number of major European players in the Aerospace and Defence Industry have founded a Business Ethics Committee (BEC). The BEC has initiated and pursued the sharing and the benchmarking of their corporate integrity practice, with a view to determining, through an industry-wide cooperative effort, commonly established standards.
By doing this, the industry wishes to promote and enhance integrity practices amongst its member companies taking into consideration the European context.
As a result of the efforts made by all the participants in the BEC and thanks to the advice and help provided by expert institutions and organisations of the civil society, a set of Common Industry Standards has been produced, which deal with both general integrity issues as well as with sector specific issues. In addition, ASD together with AIA, have developed and endorsed the Global Principles of Business Ethics.