PACE realizes the importance of transparency and ethical business operations and wants to promote fair business practices to peers in the industry. Therefore, the Chairman of board decided to join Thailand’s Private Sector Collective Action against Corruption (CAC).
CAC is an initiative by the Thai private sector to take parts in tackling corruption problem via collective action. The CAC aims to bring effective anti-corruption policy and mechanism into implementation by companies in order to create an ecosystem of clean business community. Operations are sponsored by U.S-based Center for Private Enterprise (CIPE) and the U.K. Prosperity Fund. It works in parallel and co-ordinate closely with the government’s National Anti-Corruption Commission (NACC) and the Anti-Corruption Organization (Thailand), which handles the civil society front.
Moreover, the CAC also exchanges anti-corruption knowledge and experiences with international agencies regularly. It has recently joined the B20 Collective Action Hub and the ASEAN CSR Network.
At the moment (as of October 2015), PACE’s Anti-Corruption Progress Indicator has been rated in 2015 at level 3 moving up from level 1 in 2014.
Download PACE's Anti-Corruption Policy here.