3.1 Compliance and ethics Collective Action and the Siemens Integrity Initiative We believe that in order for substantial progress to be made in combating corruption and fostering fair competition, large numbers of stakeholders must act collectively. The Siemens global Integrity Initiative earmarks more than US$100 million to support organizations and projects that combat corruption and fraud through Collective Action, education, and training. The Siemens Integrity Initiative focuses on supporting proj- ects that have a clear impact on the business environment, can demonstrate objective and measurable results, and have the potential to be scaled up and replicated. So far, we have allocated approximately US$120 million for 85 projects in more than 50 countries across all funding rounds. Detailed information on this subject is provided in the Siemens Integrity Initiative’s annual reports. WWW.SIEMENS.COM/INTEGRITY­INITIATIVE US$120 million in support for 85 projects in 50 countries The Siemens Integrity Initiative constitutes one element of a 2009 settlement between Siemens and the World Bank and another 2013 settlement between Siemens and the Euro- pean Investment Bank (EIB). SIEMENS SUSTAINABILITY REPORT 2023 39