In an initiative to strengthen transparency and ethics in business, Magalu Consortium and MagaluBank, companies belonging to the Magazine Luiza group, announced today their adherence to the Pact Brazil for Corporate Integrity. This commitment is part of an initiative promoted by the Federal Government's Comptroller General (CGU).
The Pacto Brasil program is a voluntary initiative that encourages companies to publicly commit to corporate integrity. Carlos Mauad, CEO of MagaluBank, highlighted the importance of this action: "This demonstrates our commitment to promoting transparency and preserving the reputation of our financial vertical."
The two companies, part of Magalu's financial vertical, serve thousands of clients monthly. Adherence to the Pact is seen as a way to minimize corruption risks and expand business opportunities with partners who share the same ethical values.
This initiative aligns with Magalu Group's Integrity Program, established in 2017, which aims to ensure the ethical conduct of the company. Participation in the Pacto Brasil reaffirms the commitment of the institutions' senior management to the continuous pursuit of high standards of integrity.
Magalu and MagaluBank's adherence to the Pact Brasil for Corporate Integrity marks an important step in promoting ethical and transparent business practices within Brazil's financial sector.
