Transparency in Corporate Reporting

Stock.xchngTransparency International has just published the report, “Transparency in Corporate Reporting: Assessing the world’s largest companies.”

The study analyzes the transparency of corporate reporting on a range of anticorruption measures among the 105 largest publicly listed multinational companies. Together these companies are worth more than US$11 trillion and touch the lives of people in countries across the globe, wielding enormous and far reaching power.

According to the report, multinationals have improved transparency but there remains much still to do. The financial sector lags in providing information on operations.

The most transparent company surveyed is Norway’s Statoil. Other companies that performed well include mining giants Rio Tinto and BHP Billiton, and German chemicals maker BASF.

Among the worst performers were Russia’s gas export monopoly Gazprom, Japan’s Honda and several Chinese banks.

The full text is available online.