In an initiative to strengthen transparency and ethics in business, the Magalu Consortium and MagaluBank, companies belonging to the Magazine Luiza group, they 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 of the Union (CGU)
The Brazil 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, that are part of the financial vertical of the Magalu group, they serve thousands of customers 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 the Integrity Program of the Magalu group, established in 2017, that aims to ensure the ethical behavior of the company. Participation in the Brazil Pact reaffirms the commitment of senior management of institutions to the continuous pursuit of high standards of integrity
The adherence of the Magalu Consortium and MagaluBank to the Brazil Pact for Business Integrity marks an important step in promoting ethical and transparent business practices in the Brazilian financial sector
