In an initiative to strengthen transparency and business ethics, Magalu Consortium and MagaluBank, companies belonging to the Magazine Luiza group, announced today their adherence to the Brazil Pact for Business Integrity. This commitment is part of an initiative promoted by the Office of the Comptroller General (CGU).
The Brasil Pact is a voluntary program that encourages companies to publicly commit to business 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, which are part of Magalu's financial vertical, serve thousands of clients monthly. Joining the Pact is seen as a way to minimize corruption risks and expand commercial 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 company's ethical behavior. Participation in the Brazil Pact reaffirms the senior management's commitment of institutions to the continuous pursuit of high standards of integrity.
The adhesion of the Magalu Consortium and MagaluBank to the Brazil Pact for Business Integrity marks an important step in the promotion of ethical and transparent business practices in the Brazilian financial sector.
