ONGC Becomes India’s First PSU to Achieve Anti-Bribery Management System Certification

Oil and Natural Gas Corporation (ONGC) has recently made history by becoming the first Central Public Sector Enterprise (CPSE) in India to receive certification for its Anti-Bribery Management System (ABMS). The certification was awarded by the internationally accredited certification body InterCert USA. ONGC’s commitment to combat bribery was previously demonstrated in 2005 when it became the first organization in India to adopt the Integrity Pact (IP) initiated by Transparency International.

ABMS Certification:

A Landmark Achievement: ONGC’s pursuit of an ABMS certification marks a significant milestone in its journey as an Energy Maharatna, further solidifying its position as a trusted business partner. The certification was achieved by successfully implementing the ISO 37001:2016 International Standard, following a thorough assessment and validation process conducted by InterCert USA.

Daily Current Affairs 2023

Implementation Phases and Departments:

In the initial phase, ONGC has implemented the Anti-Bribery Management System across ten departments at its Corporate Office in Delhi. The organization, in collaboration with the internationally renowned consultancy firm Digital Age, has taken comprehensive measures to prevent, detect, and address bribery. While the specific departments benefiting from this implementation were not disclosed in the official statement, the company has assured that a robust framework has been established to promote anti-bribery compliance throughout the organization.

Dedicated Personnel and Oversight:

To ensure the effectiveness of the ABMS, ONGC has appointed dedicated personnel to oversee anti-bribery compliance. The Chief Vigilance Officer, Ranjan Prakash Thakur, along with key executives from corporate departments, have been actively involved in the process. Their commitment and involvement have been crucial in achieving this prestigious certification.

Recognition and Award Ceremony:

ONGC’s achievement was celebrated during an award ceremony attended by the Chairman, Directors, Chief Vigilance Officer, and key executives of the organization. A representative from InterCert, the certification body, was also present to acknowledge and commend ONGC’s dedication to combat bribery.

Find More Business News Here

 

Piyush Shukla

Recent Posts

Lahore Named SCO Tourism and Cultural Capital for 2026–27

Lahore has been named the Tourism and Cultural Capital of the Shanghai Cooperation Organisation (SCO)…

7 hours ago

Who Is Major Rishabh Singh Sambyal, Former ADC To President Murmu?

Major Rishabh Singh Sambyal is an Indian Army officer who served as an ADC to…

9 hours ago

Which Is the Tallest Mountain in Japan? Mount Fuji Explained

Mount Fuji is the tallest mountain in Japan with its height being 3,776 metres (12,389…

10 hours ago

Tamil Nadu Proposes 21-Day Limit for Business Clearances

The Tamil Nadu government has introduced the Tamil Nadu Business Facilitation (Amendment) Bill, 2026 in…

10 hours ago

Kerala to Set Up Coconut Park to Boost Value Addition and Exports

The Kerala government set to develop a Coconut Park, facilitated by the Coconut Development Board,…

10 hours ago

National Company Law Appellate Tribunal (NCLAT): Functions, Powers and Significance

The National Company Law Appellate Tribunal (NCLAT) is a quasi-judicial body that has the mandate…

11 hours ago