- Advocacy & Policy
- Research Center
In 2010, AIA joined forces with the Aerospace and Defence Industries Association of Europe (ASD) to develop and endorse the Global Principles of Business Ethics for the Aerospace and Defence Industry (Global Principles). The combined group became known as the International Forum on Business Ethical Conduct (IFBEC). The IFBEC’s goal is to make significant progress towards increased transparency and accountability, a commitment to business ethical conduct, and sustainable competitiveness throughout the global aerospace and defense sectors.
At its third annual conference last year, the IFBEC unveiled its first major initiative, the Public Accountability Report. Based on responses to a questionnaire, the report details each company’s demographics, policies and due diligence processes, training, implementation and best practices. The IFBEC Steering Committee also established new membership criteria, requiring the submission of a public accountability questionnaire by any prospective member company.
IFBEC is also considering the development of model procedures for third party due diligence and monitoring. These procedures will support smaller international supply chain companies that lack the resources larger companies have to develop comprehensive ethics compliance infrastructures. Also under consideration is the development of a model supplier code of conduct for business transactions.
The IFBEC’s total membership stands at 25 companies, counting both large manufacturers and members of the supply chain. Earlier this year the IFBEC welcomed its first member outside of the AIA and ASD community, Israel-based Elbit Systems, Ltd. (Elbit Systems of America, a subsidiary of Elbit Systems is an AIA member.) Their approval for membership demonstrates the IFBEC’s readiness to expand its scope beyond North America and Europe. The IFBEC encourages any aerospace and defense companies with sound ethics and compliance programs and a willingness to commit to the global principles to apply for membership. By joining this growing initiative, companies can help fellow industry members develop mutual standards and best practices that facilitate ethical business conduct throughout the international market. Interested parties are invited to attend IFBEC’s fourth annual conference in Washington D.C., October 15-16.
AIA source: doug.farren[at]aia-aerospace.org