The document discusses the UN Global Compact and its objectives of encouraging companies to align their operations with principles around human rights, labor, environment and anti-corruption. It notes that the 2016 Water Integrity Global Outlook is important for achieving the UN Global Compact's goals because water is vital for life and business sustainability, and building transparency, accountability and participation in the water sector leads to better governance and reduces corruption, supporting fair competition and economic growth. It argues that corruption disproportionately impacts the poor, and that accountable governance allows companies to better partner with governments to improve water management and delivery through transparent procurement and stakeholder involvement.