TAQA joins initiative to fight corruption by supporting Transparency International

Issued by Transparency International Secretariat



TAQA has recently joined global efforts to improve transparency and accountability by supporting the work of Transparency International (TI), the global civil society organisation leading the fight against corruption.

TAQA is the first corporation headquartered in the Middle East to join the network of Global Corporations for Transparency International (GCTI), and hopes that this relationship can inspire and educate others in the region on the many anti-corruption measures promoted by TI.

TAQA’s CEO, Peter Barker-Homek, comments on the membership: “TAQA has always emphasized the importance of transparency and good governance. Supporting TI is a natural step for TAQA to take a stand and contribute to efforts for doing business ethically and transparently.”

TI’s global network of chapters is active in many countries where TAQA operates. This signifies a solid resource for guidance on preventing and dealing with corruption. TAQA is optimistic that this cooperation will help it to set and maintain high levels of transparency and accountability in the company’s global energy operations.

TI’s mission is to “create change towards a world free of corruption”. TAQA hopes to not only provide institutional support towards this organisation but also to harness and extend some of the best practices that TI both stands for and guides.

As part of its participation in the Global Corporations for Transparency International (GCTI) initiative, TAQA has committed to donating 150,000 Euros (approx. 209,641 USD) per year for three years to support TI’s global work.

“This generous contribution from TAQA recognises the importance of Transparency International’s work to reduce the devastating impact of corruption on millions of people around the world,” said TI’s Managing Director, Cobus de Swardt. “We are grateful for this support, which represents a significant commitment to the fight against corruption and which could further dialogue in this area in the Middle East.”

TI and its national chapters work with governments, business, civil society and other key stakeholders around the world by conducting solid research on corruption and its typologies across different sectors, and by developing and implementing practical solutions to counter bribery.

 

About Abu Dhabi National Energy Company PJSC (TAQA)

Founded in 2005, TAQA (Abu Dhabi National Energy Company (PJSC)) is a global energy company with a growing asset base of AED 86 billion (US$ 23.5 billion). One of the largest companies listed on the Abu Dhabi Securities Exchange (ADX), with 2008 revenue of more than AED 16 billion (US$ 4.4 billion), TAQA is a flagship corporation for the Government of Abu Dhabi.

TAQA’s strategic goal is to build and operate a geographically diverse global portfolio of energy businesses across the value chain. It has operations in power generation, water desalination, upstream oil/gas, pipelines, and gas storage.

TAQA employs approximately 2,800 people from 41 different nations and operates from its offices in: Abu Dhabi; Ann Arbor, Michigan; Aberdeen; Amsterdam; Calgary and The Hague. This footprint is further extended through alliances with partners across Africa, the Middle East, Europe, North America and India.

TAQA carries Aa2 credit ratings from Moody’s.


About Transparency International

Transparency International is the global civil society organisation leading the fight against corruption. Through more than 90 chapters worldwide and an international secretariat in Berlin, Germany, TI raises awareness of the damaging effects of corruption and works with partners in government, business and civil society to develop and implement effective measures to tackle it.

 

About Global Corporations for Transparency International

Global Corporations for Transparency International (GCTI) is a program for the private sector to support TI’s anti-corruption efforts. Acceptance of a donation by TI does not imply its endorsement of a donating company’s policies or record. Click here for further information regarding Transparency International’s donation programme.

 


For any press enquiries please contact

Kristen Kinsey, TAQA CSR Associate
T: +001 403 724 5039

Alexandra Jerrebo, TAQA Public Relations
T: +971 2 691 4930

Gypsy Guillén Kaiser
T: +49 30 34 38 20 662
E: .(JavaScript must be enabled to view this email address)

Latest

Support Transparency International

Risky business: Europe’s golden visa programmes

Are EU Member States accepting too much risk in their investor migration schemes?

Future Against Corruption Award 2018

TI is calling on young people across the globe to join the anti-corruption movement. People between the age of 18 and 35 are invited to submit a short video clip presenting their idea on new ways to fight corruption. Three finalists will be invited to Berlin during the International Anti-Corruption Day festivities to be awarded with the Future Against Corruption Award. Apply today!

The Azerbaijani Laundromat one year on: has justice been served?

In September last year, a massive leak of bank records from 2012 to 2014 showed that the ruling elite of Azerbaijan ran a $3 billion slush fund and an international money laundering scheme. One year on, has enough been done to hold those involved to account?

Right to information: knowledge is power

The right to information is vital for preventing corruption. When citizens can access key facts and data from governments, it is more difficult to hide abuses of power and other illegal activities - governments can be held accountable.

Paradise lost among Maldives dodgy land deals

Should tourists run for cover as a storm of corruption allegations sweeps across the Maldives?

Foreign bribery rages unchecked in over half of global trade

There are many losers and few winners when companies bribe foreign public officials to win lucrative overseas contracts. In prioritising profits over principles, governments in most major exporting countries fail to prosecute companies flouting laws criminalising foreign bribery.

Ensuring that climate funds reach those in need

As climate change creates huge ecological and economic damage, more and more money is being given to at-risk countries to help them prevent it and adapt to its effects. But poorly governed climate finance can be diverted into private bank accounts and vanity projects, often leading to damaging effects.

Social Media

Follow us on Social Media