Neelam MathewsOct 4, 2012
Two-thirds of the world’s biggest
defense companies do not provide enough public evidence about how they fight
corruption, according to a new study from Transparency International UK
released today. This
includes companies from all of the ten largest arms exporting nations like US,
Russia, Germany, France, the UK and China—who between them are responsible for
over 90 percent of the arms sales around the world, the Defense Companies Anti-Corruption Index (CI) shows.
The
rating is done on good,
publicly available evidence of having at least basic ethics and anti-corruption
compliance systems in place. HAL, BEML and BEL, were listed under the lower
bands.
Based on level of evidence for basic
anti-corruption systems in place:Ten companies score in the top two bands. Fluor
Corporation (only 3% defense) is the only company to score in Band A. In band B
are Accenture, BAE Systems, Fujitsu, Hewlett-Packard, Meggitt, Northrop Grumman
Corporation, Serco Group, Thales, and United Technologies Corporation.There are 34 companies in band C
including Boeing, Lockheed Martin, Textron, EADS, ITT Exelis, Raytheon, and
Honeywell. The 25 companies in Band D include our HAL, MTU and Safran, band E
includes Dassault, while BEL and BEML are listed under under Band F. IAI,
Navantia, Russian Helicopters, Tatra and Sukhoi are also part of the 47
companies under the lowest band, F.
The index provides an analysis of
what the 129 biggest defense companies around the world do and fail to do to
prevent corruption. The study, which grades companies from A to F, measures
defence companies worth more than USD 10 trillion, with a combined defense
revenue of over USD 500 billion. Transparency International estimates the global cost of corruption in the defense sector to be
a minimum of $20 billion per year, based on data from the World Bank and SIPRI.
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