The Basel Institute on Governance, through its International Centre for Collective Action (ICCA), has been commissioned by the International Forum on Business Ethical Conduct for the Aerospace and Defence Industry (IFBEC) to conduct a comprehensive study on global offset practices, in conjunction with a working group of offset experts and practitioners within IFBEC’s membership. Offsets refer to arrangements whereby government purchasers of aerospace and defence industry goods and services request a form of industrial compensation when purchasing from non-domestic sources.

The project was announced on the occasion of IFBEC’s 5th Annual Conference, held on 6-7 November in Brussels, Belgium, where Basel Institute Managing Director Gretta Fenner and Programme Officer William Nero offered presentations on the offset project and anti-corruption Collective Action, respectively.

The study will take part in the context of IFBEC set to join the B20 Collective Action Hub as a Sponsor and Member in 2015, further demonstrating the organisation’s commitment to ethical business practices in the aerospace and defence industry.

To learn more about IFBEC, please visit the organisation’s website: http://ifbec.info/