The 2030 WRG subscribes to the CEO Water Mandate as guiding principles for the private sector’s engagement in water resources policy. We adhere to 5 basic principles.
Principle 1: Advance sustainable water management
Principle 2: Respect public and private roles
Principle 3: Strive for inclusiveness and partnerships
Principle 4: Be pragmatic and consider integrated engagement
Principle 5: Be accountable and transparent
We also adhere to principles of transparency, in particular those defined by our hosting partner: the International Finance Corporation (IFC), part of the World Bank Group. IFC’s due diligence procedures stipulate:
“The International Finance Corporation (IFC) holds itself to high standards of integrity in the conduct of its business, and expects its counterparties to meet these standards. IFCs commitment to integrity, high ethical standards, and good business practices supports its development mission and promotes international best practices among its clients. In accordance with the best practices of international financial institutions and multilateral development banks, IFC implements an integrity due diligence process to identify, examine, and document integrity risks in potential and existing engagements and evaluate the integrity risk in order to decide whether to proceed or continue with an engagement in light of such integrity risk. In addition to the IDD process, as a member of the World Bank Group (WBG), staff and management in IFC are required to report suspected fraud or corruption in WBG-financed projects or in the administration of WBG business. Integrity Vice Presidency in the WBG investigates allegations of fraud, corruption and other sanctionable practices. To report suspected fraud or corruption, please contact INT directly at 800-831-0463 or email@example.com.”