BOX 1: BEST PRACTICE TOP PERFORMER OVERALL WITH A SCORE OF 7.1 Tata Communications (India, Telecommunications, publicly listed) • 92% in reporting on anti-corruption programmes – discloses all information except for regular programme monitoring. • 88% in organisational transparency – discloses all information except for countries of operations for material subsidiaries. • 34% in country-by-country reporting – discloses revenues, pre-tax income and income taxes for all material subsidiaries, revenues on country-level for 13 countries out of 34.
BEST SCORES IN REPORTING ON ANTI-CORRUPTION PROGRAMMES: 92% • Tata Communications (India, Telecommunications, publicly listed) • Tata Global Beverages (India, Consumer goods, publicly listed) • Tata Steel (India, Basic materials, publicly listed) • Vedanta Resources (India, Basic materials, publicly listed)
BEST SCORES IN ORGANISATIONAL TRANSPARENCY: 100% • Emirates Airlines (UAE, Consumer services, state-owned) • Johnson Electric (China, Industrials, publicly listed) • Petronas (Malaysia, Oil and gas, state-owned) • Shanghai Electric (China, Industrials, publicly listed) • United Company Rusal (Russia, Basic materials, publicly listed)
BEST SCORES IN COUNTRY-BY-COUNTRY REPORTING: 50% • Falabella (Chile, Consumer services, publicly listed) – all information on revenues and income tax, partial information on community contributions – description of projects
BEST UNLISTED COMPANIES • Petronas (state-owned) – best overall index score: 6.3 • Votorantim Group (private) and Petronas (state-owned) – best in reporting on anti-corruption programmes: 88% • Emirates Airlines (state-owned) and Petronas (state-owned) – best in organisational transparency: 100% • Odebrecht Group (private) – best in country-by-country reporting: 6%
Transparency in Corporate Reporting: Assessing Emerging Market Multinationals
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