August 2010 Russian Energy Compliance Alliance Launched

on 03 June 2013. Posted in Russian Energy Compliance Alliance

A company operating in an environment where corrupt practices are perceived to be the norm may fear “going alone” on an ethical path and losing business. The perception often exists that all other companies take part in bribery and other corrupt practices, such that there is nothing to be gained by acting ethically. When companies choose to work together, however, they can dramatically reduce the opportunities for official corruption and create a more transparent, fair and stable environment for competition. Since 2000, the Center for Business Ethics & Corporate Governance (CFBE) has led Russian and foreign companies to undertake such collective action.

In August 2010, CFBE launched a new initiative to focus collective action on a specific sector in Russia – the power generation industry. CFBE formed the “Russian Energy Compliance Alliance” (RECA), which includes business and civil society leaders in this important sector. RECA’s objective is to increase the scale of public and private sector compliance with law prohibiting official corruption in the market for state procurement of technology and equipment to increase energy efficiency. This multi-stake-holder alliance is also building capacity in Russia to hold the public and private sectors accountable for compliance with anti-corruption law. RECA promotes the exchange of best practices of compliance between foreign and Russian companies. It acts as a “Compliance Alliance”. For more information on this collective action initiative, please contact the Center’s President and CEO Patricia Dowden at  This email address is being protected from spambots. You need JavaScript enabled to view it.