Rule of Law
In July 2023, under the leadership of PCA, 10 PCA member companies signed a commitment to the rule of law, following the standards set by the OECD Due Diligence Guidance for Responsible Business Conduct. This was a hopeful signal toward strengthening integrity and responsible business practices in the region.
In February of 2023, the Central American Forward (CAF) was launched. Part of the CAF is the Good Governance Declaration, which outlines the U.S. government’s and PCA’s joint commitments to combat corruption and protect labor rights in the region.
PCA’s efforts to create a “good governance club” continue.
The signatories expressed their commitment to economic investment that will support the Region's people, strengthen its public and private institutions, and provide a hopeful future for millions for decades to come. The signatories believe in a prosperous and secure Region whereby citizens of all nationalities are afforded broad and diverse opportunities.
“As Corporacion AG with a long history in the region, we are committed to improve business standards and showcase our region as a hub for new opportunities. We are proud to be a part of this effort and see a business-enabling environment as a key dimension in the economic prosperity that we want to see across our populations.", said Rodrigo Gabriel, CEO of Corporacion AG.
“As Corporacion AG with a long history in the region, we are committed to improve business standards and showcase our region as a hub for new opportunities. We are proud to be a part of this effort and see a business-enabling environment as a key dimension in the economic prosperity that we want to see across our populations.”
- Rodrigo Gabriel, CEO of Corporacion AG
“By fostering a culture of transparency, integrity, and ethical practices, we can drive positive change, not only within our own organization but also in the wider private sector. In this way, we can contribute to a more sustainable business environment in Central America. At Millicom, our culture, Sangre Tigo, is present in each one of us and guides us in doing things right. This is fundamental”
- Karim Lesina, Executive Vice President, Chief External Affairs Officer for Millicom
“We hereby pledge to conduct due care, consistent with standards set forth by the OECD Due Diligence Guidance for Responsible Business Conduct, to ensure our business operations in El Salvador, Guatemala, and Honduras, do not adversely affect or violate the rights of stakeholders. In particular, we pledge to not knowingly engage, or renew any engagement, as a representative, consultant, partner, supplier or large purchaser, with any person or entity where there are credible indications of corrupt conduct or violations of international human rights norms, absent demonstrated commitment and concrete steps to deliver effective remediation or corrective action. Finally, we pledge to share information with the Partnership for Central America, to the extent permitted by applicable law, to demonstrate alignment with this pledge through participation in a multi-stakeholder initiative.”
Current PCA Rule of Law Pledge signatories include the following: AgroAmerica, Grupo Mariposa, Corporación AG, Banco Ficohsa, Mastercard, Microsoft, Millicom, Pantaleon, Parkdale Mills, PepsiCo, PriceSmart.
“To have a true impact – and spark additional investments in local economies – it’s important that there’s a level playing field and consistent rules of the game. We support the Partnership for Central America’s efforts to help build better and more transparent business enabling environments.”
- Darren Ware, Senior Vice President at Mastercard
