The Partnering Against Corruption Initiative (PACI) was initiated during the World Economic Forum annual meeting in 2005.
The PACI Principles for Countering Bribery, which all signatories commit to, are as following:
- A zero-tolerance policy towards bribery
- Development of a practical and effective implementation program
The principles are derived from Transparency International’s Business Principles for Countering Bribery, which Hydro has been actively involved in developing. Hydro signed on to the PACI in 2005.
Hydro has a cooperation agreement with WEF including an annual contribution. Financial contributions are given as ordinary membership fees.