At the recent celebration of the 10th anniversary of the UN Global Compact's 10th principle on anti-corruption in New York, the Basel Institute and UNGC have formally launched their partnership to develop and maintain the B20 Collective Action Hub.

To mark this occasion, the two organisations jointly hosted a workshop on Collective Action, bringing together an impressive panel of experienced Collective Action practitioners from the private sector, business associations and NGOs. Participants agreed in particular on the need for a shared incentive and objective among participants in a Collective Action initiative.

They also discussed ways how MNEs can bring SMEs into the Collective Action space, including through targeted and joint actions focusing on supply chain groups.