KFTD’s Anti-Corruption Efforts: Implementing ISO 37001 Anti-Bribery System
In a significant move towards ethical business practices, PT Kimia Farma Trading & Distribution (KFTD) has adopted the ISO 37001:2016 certification, showcasing its commitment to anti-corruption. This initiative aligns with the directive from the Ministry of State-Owned Enterprises to implement an Anti-Bribery Management System (ABMS) or SMAP, which ensures operations free of bribery and upholds the principles of Good Corporate Governance (GCG).
The Advantages of ISO 37001 Certification
ISO 37001 certification brings numerous benefits to the corporation implemented it, including:
- Enhancing Trust: It fosters trust among employees, stakeholders, and clients, signaling a dedication to ethical practices.
- Protecting Reputation: This certification maintains a positive public image by preventing bribery and corruption.
- Reducing Costs: It helps avoid legal penalties and the financial burdens of bribery incidents.
- Implementing Effective Measures: ISO 37001 provides a framework for anti-bribery policies, due diligence, and reporting procedures.
- Gaining Competitive Edge: The certification may attract clients and partners who value ethical conduct.
- Increasing Awareness: It raises awareness of bribery risks, facilitating proactive prevention measures.
- Opening New Opportunities: Certified organizations/corporates are preferred by partners and clients for their integrity.
KFTD’s Commitment to Anti-Bribery
KFTD’s adoption of ISO 37001:2016 serves as a robust defense against bribery. To demonstrate its anti-bribery commitment, the company ensures regular monitoring and internal audits, supplemented by external audits following the PDCA (Plan-Do-Check-Act) method.
Promotion and Reporting Mechanisms
KFTD actively promotes its anti-bribery management system through various channels and has established a whistleblowing system (WBS) to report fraudulent activities. The company also quarterly reports gratuities to the Corruption Eradication Commission (KPK).
The Whistleblowing System (WBS)
The WBS allows employees and stakeholders to report governance violations confidentially. Managed by the Compliance and Risk Management Unit, it encourages a culture of honesty and participation in preventing fraud and corruption.
The ISO 37001 certification is a globally recognized standard that assists organizations in addressing bribery, reducing legal risks, and promoting an ethical business environment. KFTD’s adoption of this standard prepares them to operate with greater integrity, ensuring smooth business processes, sustainable growth, and enhanced Good Corporate Governance.
