The Asian Development Bank (ADB) has reiterated its commitment to strengthen engagement with the private sector to support good corporate governance and anti-corruption measures. Board of Trustees Chair of ASEAN CSR Network, Yanti Triwadiantini, said that creating a culture of integrity in the business community in southeast Asian nations is a crucial step toward shared growth and progress. She emphasised that by choosing to embrace integrity as a corporate value, the business community can help foster a more sustainable, inclusive and fair playing field. With the global cost of corruption estimated at 2.6 trillion dollars per year, equivalent to 5 per cent of global gross domestic product, the world is deprived of resources that could help fund commitments under the 2030 Sustainable Development Goals. ADB said it recognises the need to address the unfinished governance agenda to deliver development results.

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The Business World