Securing this recognition reflects the robustness of its Compliance and Anti-bribery Program and further demonstrates InfraCredit commitment to upholding the highest international anti-bribery standards across our business and in a challenging frontier market in which we operate. The certification comes after a rigorous auditing process undertaken by the leading global assurance independent body, Lloyd’s Register Quality Assurance (LRQA), the world’s leading provider of independent assessment services. The audit involved examining our anti-bribery practices, including reporting procedures and transaction cycle, to ensure appropriate measures to prevent bribery have been implemented across our entire business.
ISO 37001 is the gold standard in anti-bribery measures with globally stringent audit system. Developed by 59 countries to address the global threat to sustainable development posed by bribery, the ISO 37001 certification was published by the International Organization for Standardization (ISO) in 2016, recognizing companies with well-implemented systems designed to prevent, detect, report and deal with bribery across their business practices. The average Transparency International Corruption Perceptions Index (2022) score across sub-Saharan Africa is just 32/100, 11 points below the global average – 43/100. The specific challenges of combating bribery in sub-Saharan Africa makes InfraCredit’s ISO 37001 certification very significant.
InfraCredit is committed to maintaining the company’s reputation for integrity and transparency and will undertake regular auditing to retain its ISO 37001 certification and to ensure that the company remains well-equipped to respond to the challenges facing its portfolio projects across Nigeria.