Diagram 5 Organisational transparency Where 100% means full organisational transparency
100%
Emirates Airlines, Johnson Electric, Petronas, Shanghai Electric Group, United Company Rusal
94%
Gedeon Richter Charoen Pokphand Group, Gruma, Lenovo Group, Saudi Basic Industries, Tata Communications, Tenaris
88%
América Móvil, El Sewedy Electric, Larsen & Toubro, Mahindra & Mahindra
81%
Bharat Forge, Bharti Airtel, Bidvest Group, Bumi Resources, BYD Company Limited, China Communications Construction Company, Crompton Greaves, DP World, Dr. Reddy's Laboratories, Embraer, Etisalat, Falabella, Gazprom, Gerdau, Hindalco Industries, Indofood Sukses Makmur, Indorama Ventures, Koç Holding Lupin Limited, Marcopolo, Natura, Norilsk Nickel, PTT, Reliance Industries, Sasol, Severstal, Tata Chemicals, Tata Consultancy, Tata Global Beverages, Tata Motors, Tata Steel, Thai Union Frozen Products, Zoomlion, ZTE
75% 75%
Sabanci Holding
69%
Femsa, Sappi, Sinohydro, Wipro, Yanzhou Coal Mining Company
63%
Brasil Foods, LAN Airlines, Suzlon Energy
56%
Haier, Petrobras
50%
Evraz Group, Grupo Bimbo, Suntech Power, Vedanta Resources
44%
Bajaj Auto, Infosys Technologies, LDK Solar, Magnesita Refratários, Mexichem
38%
Alfa, China International Marine Containers Group, Coteminas, JBS
31%
Camargo Corrêa Group, Sinochem, Sinosteel, Votorantim Group, WEG
25% Sample average 54%
Aluminium Corporation of China, Cosco Group, Sinomach Baosteel Group, Lukoil China Minmetals, China National Chemical Corporation, China Shipping Group, China State Construction Engineering Corporation, Fung Group Anshan Iron and Steel Group, Chery Automobile, China National Offshore Oil Corporation, China Shipbuilding Industry Corporation, Chint Group, Galanz Group, Geely – Zhejiang Geely Holding Group, Huawei Technologies, Mabe, Odebrecht Group, Wanxiang Group 0%
Transparency in Corporate Reporting: Assessing Emerging Market Multinationals
19% 13% 6% 0% 20%
40%
60%
80%
100%
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