Tenova Joins the Anti-Corruption Initiative

Tenova has become member of the Metals Technology Industry Anti-Corruption Collective Action Initiative.

Tenova has recently entered the Metals Technology Industry (MTI) Anti-Corruption Collective Action Initiative, joining the three founding members of the Initiative – Danieli & C Meccaniche S.p.A., Primetals Technologies Limited and SMS GmbH – in their anti-corruption efforts.

The MTI Collective Action Initiative provides a forum for the members to develop anti-corruption compliance best practices to ensure fair competition in the metals technology industry in the countries in which they operate. The Collective Action Initiative is facilitated by the International Centre for Collective Action ICCA, a Swiss-based non-profit anti-corruption competency center within the Basel Institute on Governance.

The Member companies signed a Memorandum of Understanding (MoU) setting out their anti-corruption commitments and proposed actions to promote their anti-corruption principles.

All companies in the metals industry face similar corruption risks around the world. We immediately saw the benefits of joining forces with other industry leaders in harmonizing our anti-corruption management approach,” said Andrea Lovato, Tenova CEO.

We are pleased to see this development within the MTI Initiative,” said Gemma Aiolfi, Head of Compliance, Corporate Governance, and Collective Action at the ICCA. “New companies bring new perspectives, encouraging all Initiative members to continuously improve their anti-corruption compliance systems.