- PG&E Corp
- TNT nv
- H&M Hennes and Mauritz
- Nokia Corporation
- Siemens AG
- Unilever plc
- Vodafone Group plc
- Smiths Group plc
Of course, being passionate about reporting and transparency , I was interested to note which Companies came out tops aganist this parameter. Here are the top ten transparent Companies according to this ranking:
- Atlas Copco ab (Rank34, Transparency 96%)
- BT Group plc (Rank 35, Transparency 93%)
- Roche Holdings (Rank 58, Transparency 92%)
- Diageo plc (Rank 18, Transparency 90%)
- Iberdrola Sa (Rank 55, Transparency 90%)
- Omv Ag (Rank 76, Transparency 89%)
- Kesko Oyj (Rank 33, Transparency 88%)
- Novozymes A/s (Rank 41, Transparency 88%)
- Statoilhydro Asa (Rank67, Transparency 88%)
- Umicore Sa (Rank 44, Transparency 86%)
Isn't it fascinating that there is absolutely no overlap in these two lists?
The most sustainable Companies are not the most transparent Companies.
The Transparency Levels of the 10 most sustainable Companies are all lower than the most transparent Companies, ranging between 25% and 81% transparency. The number 2 most sustainable Company has a Transparency score of only 25%. The corollary of this is that the most transparent companies are not rewarded for being transparent in this ranking. This is disappointing, especially given the presence of Ernst Ligteringen, the CEO of the GRI, champion of transparency, on the Global Council of Experts who oversaw the ranking. Whilst I understand that the methodology aggregates a number of factors, and that not everything has the same degree of weighting in calculating an overall sustainability quotient, I fail to understand how Companies can be sustainable without being transparent.
For me, and perhaps I am a little extreme, or obsessive, or passionate, or stupid, transparency is an essential core element in sustainability which serves to leverage and drive performance in many different ways. Where there is low transparency, there is low trust, low dialogue, low openness to innovation, and low attention to stakeholder needs. When a Company is not transparent about its performance, I wonder how committed that Company is to improving performance. Whilst I do not expect such a ranking to be based on transparency alone, I believe that some degree of overlap would make this ranking more credible.
Anyway, rant over. It's still a good initiative. You should be pleased I didn't do an analysis of sustainability relative to leadership diversity . Ha Ha. That would have been a much longer post .... (for starters: two of the most sustainable Companies have ZERO women on the Board of Directors and only 7 of the Global 100 Most Sustainables have over 25% women directors.)
elaine cohen is the joint CEO of BeyondBusiness, a leading reporting and social-environmental consulting firm. Visit our website at: www.b-yond.biz/en