Taqa said it has recently joined global efforts to improve transparency and accountability by supporting the work of Transparency International (TI), the global civil society organization leading the fight against corruption.

Taqa is the first corporation headquartered in the Middle East to join the network of Global Corporations for Transparency International (GCTI), and hopes that this relationship can inspire and educate others in the region on the many anti-corruption measures promoted by TI.

Commenting on the membership, Taqa CEO, Peter Barker-Homek, said the company has always emphasized the importance of transparency and good governance.

"Supporting TI is a natural step for Taqa to take a stand and contribute to efforts for doing business ethically and transparently."

"TI’s global network of chapters is active in many countries where Taqa operates. This signifies a solid resource for guidance on preventing and dealing with corruption."

The company said it was optimistic that this cooperation will help it to set and maintain high levels of transparency and accountability in the company’s global energy operations.

TI’s mission is to “create change towards a world free of corruption”. Taqa hopes to not only provide institutional support towards this organization but also to harness and extend some of the best practices that TI both stands for and guides.

As part of its participation in the Global Corporations for Transparency International (GCTI) initiative, Taqa has committed to donating 150,000 Euros ($209,641) per year for three years to support TI’s global work.

“This generous contribution from Taqa recognizes the importance of Transparency International’s work to reduce the devastating impact of corruption on millions of people around the world,” said TI managing director, Cobus de Swardt.

“We are grateful for this support, which represents a significant commitment to the fight against corruption and which could further dialogue in this area in the Middle East,” he added.

TI and its national chapters work with governments, business, civil society and other key stakeholders around the world by conducting solid research on corruption and its typologies across different sectors, and by developing and implementing practical solutions to counter bribery.-TradeArabia News Service