Photographs: Krishnendu Halder/Reuters
"The information a company reports about its anti-corruption systems is an indicator of its awareness and commitment to combating corruption. While robust disclosure practices do not reduce all risk of corruption, they are a sign of the right tone from top management, reflecting an awareness of corruption risks and a commitment to manage them effectively that is essential for companies operating across borders," says Transparency International, an anti-corruption watchdog.
The organisation studied 100 biggest companies in the emerging markets on three dimensions:
i) Reporting on anti-corruption programmes: covering inter alia bribery, facilitation payments, whistle-blower protection and political contributions.
ii) Organisational transparency: including information about corporate holdings.
iii) Country-by-country reporting: including revenues, capital expenditure and tax payments.
Let's take a look at some of the most open companies.
Source: Transparency International
...
20 most open, least corrupt companies in emerging markets
Photographs: Yannis Behrakis/Reuters
Tata Communications
Industry: Telecommunications
Headquarters: Mumbai
Anti-corruption programmes score: 92 per cent
Organisational transparency score: 88 per cent
Country-by-country reporting score: 34 per cent
Overall rating of the company: 1
Tata Communications, a telecommunications company, posted revenue of $2.6 billion in 2011.
...
20 most open, least corrupt companies in emerging markets
Photographs: Nigel Roddis/Reuters
Tata Global Beverages
Industry: Non-alcoholic beverages
Headquarters: Kolkata
Anti-corruption programmes score: 92 per cent
Organisational transparency score: 75 per cent
Country-by-country reporting score: 31 per cent
Overall rating of the company: 2
Tata Global Beverages, a multinational non-alcoholic beverages company, posted revenue of $1.16 billion in 2011-12.
...
20 most open, least corrupt companies in emerging markets
Photographs: Rebecca Naden/Reuters
Tata Steel
Industry: Steel
Headquarters: Mumbai
Anti-corruption programmes score: 92 per cent
Organisational transparency score: 75 per cent
Country-by-country reporting score: 30 per cent
Overall rating of the company: 3
Tata Steel, a steel-making company, posted revenue of $24.67 billion in 2012.
...
20 most open, least corrupt companies in emerging markets
Photographs: Ajay Verma/Reuters
Bharti Airtel
Industry: Telecommunications
Headquarters: New Delhi
Anti-corruption programmes score: 85 per cent
Organisational transparency score: 75 per cent
Country-by-country reporting score: 34 per cent
Overall rating of the company: 4
Bharti Airtel, a telecommunications services, posted revenue of Rs 419.31 billion in 2012.
...
20 most open, least corrupt companies in emerging markets
Photographs: Bazuki Muhammad/Reuters
Petronas
Industry: Oil and gas
Headquarters: Kuala Lumpur, Malaysia
Anti-corruption programmes score: 88 per cent
Organisational transparency score: 100 per cent
Country-by-country reporting score: 1 per cent
Overall rating of the company: 5
Petronas, an oil and gas company, posted revenue of $97.35 billion in 2012.
...
20 most open, least corrupt companies in emerging markets
Photographs: Ilya Naymushin/Reuters
United Company Rusal
Industry: Mining
Headquarters: Moscow, Russia
Anti-corruption programmes score: 69 per cent
Organisational transparency score: 100 per cent
Country-by-country reporting score: 17 per cent
Overall rating of the company: 6
United Company Rusal, the world's largest aluminium company, posted revenue of $10.8 billion in 2012.
...
20 most open, least corrupt companies in emerging markets
Photographs: Sergei Karpukhin/Reuters
Tata Chemicals
Industry: Chemicals
Headquarters: Mumbai
Anti-corruption programmes score: 81 per cent
Organisational transparency score: 75 per cent
Country-by-country reporting score: 30 per cent
Overall rating of the company: 7
Tata Chemicals, a chemicals company, posted revenue of $2.1 billion in 2012.
...
20 most open, least corrupt companies in emerging markets
Photographs: Vivek Prakash/Reuters
Mahindra & Mahindra
Industry: Automotive
Headquarters: Mumbai
Anti-corruption programmes score: 73 per cent
Organisational transparency score: 81 per cent
Country-by-country reporting score: 30 per cent
Overall rating of the company: 8
Mahindra & Mahindra, an automobile manufacturing company, posted revenue of $9.2 billion in 2012.
...
20 most open, least corrupt companies in emerging markets
Photographs: Adnan Abidi/Reuters
Tata Motors
Industry: Automotive
Headquarters: Mumbai
Anti-corruption programmes score: 77 per cent
Organisational transparency score: 75 per cent
Country-by-country reporting score: 29 per cent
Overall rating of the company: 9
Tata Motors, a multinational automotive company, posted revenue of $34.7 billion in 2012-13.
...
20 most open, least corrupt companies in emerging markets
Photographs: Vivek Prakash/Reuters
Tata Consultancy Services
Industry: IT consulting
Headquarters: Mumbai
Anti-corruption programmes score: 85 per cent
Organisational transparency score: 75 per cent
Country-by-country reporting score: 17 per cent
Overall rating of the company: 10
Tata Consultancy Services, a multinational information technology company, posted revenue of $11.57 billion in 2012-13.
...
20 most open, least corrupt companies in emerging markets
Photographs: Fahad Shadeed/Reuters
Sabic
Industry: Chemicals
Headquarters: Riyadh, Saudi Arabia
Anti-corruption programmes score: 85 per cent
Organisational transparency score: 88 per cent
Country-by-country reporting score: 2 per cent
Overall rating of the company: 11
Sabic, a diversified manufacturing company, posted revenue of $51 billion in 2011.
...
20 most open, least corrupt companies in emerging markets
Photographs: Edgard Garrido/Reuters
America Movil
Industry: Telecommunications
Headquarters: Mexico City, Mexico
Anti-corruption programmes score: 73 per cent
Organisational transparency score: 81 per cent
Country-by-country reporting score: 16 per cent
Overall rating of the company: 12
America Movil, a telecommunication company, posted revenue of $59.3 billion in 2012.
...
20 most open, least corrupt companies in emerging markets
Photographs: Danish Siddiqui/Reuters
Reliance Industries
Industry: Conglomerate
Headquarters: Mumbai
Anti-corruption programmes score: 65 per cent
Organisational transparency score: 75 per cent
Country-by-country reporting score: 30 per cent
Overall rating of the company: 13
Reliance Industries, a conglomerate holding company, posted revenue of $73.10 billion in 2013.
...
20 most open, least corrupt companies in emerging markets
Photographs: Punit Paranjpe/Reuters
Wipro
Industry: IT services, IT consulting
Headquarters: Bangalore
Anti-corruption programmes score: 77 per cent
Organisational transparency score: 63 per cent
Country-by-country reporting score: 30 per cent
Overall rating of the company: 14
Wipro, an IT consulting and outsourcing service company, posted profit of $1.22 billion in 2013.
...
20 most open, least corrupt companies in emerging markets
Photographs: Sukree Sukplang/Reuters
PTT
Industry: Oil and gas
Headquarters: Bangkok, Thailand
Anti-corruption programmes score: 85 per cent
Organisational transparency score: 75 per cent
Country-by-country reporting score: 9 per cent
Overall rating of the company: 15
PTT, a state-owned oil and gas company, posted revenue of 2,475.4 billion Thai bhat in 2011.
...
20 most open, least corrupt companies in emerging markets
Photographs: Kham/Reuters
Tenaris
Industry: Oilfield services
Headquarters: Luxembourg City, Luxembourg
Anti-corruption programmes score: 77 per cent
Organisational transparency score: 88 per cent
Country-by-country reporting score: 0 per cent
Overall rating of the company: 16
Tenaris, a manufacturer and supplier of seamless and welded steel pipe products, posted revenue of $10.8 billion in 2012.
...
20 most open, least corrupt companies in emerging markets
Photographs: Kim Kyung-Hoon/Reuters
Falabella
Industry: Retail
Headquarters: Santiago, Chile
Anti-corruption programmes score: 38 per cent
Organisational transparency score: 75 per cent
Country-by-country reporting score: 50 per cent
Overall rating of the company: 17
Falabella, a Chilean multinational company, posted revenue of $11.9 billion in 2012.
...
20 most open, least corrupt companies in emerging markets
Photographs: Juda Ngwenya/Reuters
Sasol
Industry: Oil and gas
Headquarters: Johannesburg, South Africa
Anti-corruption programmes score: 88 per cent
Organisational transparency score: 75 per cent
Country-by-country reporting score: 0 per cent
Overall rating of the company: 18
Sasol, an integrated energy and chemical company, posted revenue of $21.78 billion.
...
20 most open, least corrupt companies in emerging markets
Photographs: Aly Song/Reuters
Lenovo
Industry: Computer hardware and electronics
Headquarters: Beijing, China
Anti-corruption programmes score: 73 per cent
Organisational transparency score: 88 per cent
Country-by-country reporting score: 0 per cent
Overall rating of the company: 19
Lenovo, a multinational technology firm, posted revenue of $29.57 billion in 2012.
...
20 most open, least corrupt companies in emerging markets
Photographs: Stringer/Reuters
Bumi Resources
Industry: Mining
Headquarters: Jakarta, Indonesia
Anti-corruption programmes score: 85 per cent
Organisational transparency score: 75 per cent
Country-by-country reporting score: 0 per cent
Overall rating of the company: 20
Bumi Resources, a large mining company, posted revenue of $2.26 billion in 2007.
article