rediff.com

NewsApp (Free)

Read news as it happens
Download NewsApp

Available on  

Rediff News  All News 
Rediff.com  » Business » 20 most open, least corrupt companies in emerging markets

20 most open, least corrupt companies in emerging markets

October 24, 2013 11:37 IST

20 most open, least corrupt companies in emerging markets

     Next

Next

"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

Click NEXT to read more...


Image: A Tata Motors logo outside its showroom in Hyderabad.
Photographs: Krishnendu Halder/Reuters

     Next

20 most open, least corrupt companies in emerging markets

Prev     Next
Prev

Next

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.

Click NEXT to read more...


Image: Employees of state broadcaster ERT work in the master control room of the station in Athens during a live broadcast, Greece. Tata Communications offers range of services, including satellite broadcasting. Photo is for representation purpose only.
Photographs: Yannis Behrakis/Reuters

Prev     Next

20 most open, least corrupt companies in emerging markets

Prev     Next
Prev

Next

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.

Click NEXT to read more...


Image: Delivery lorries are seen at the Tetley's brewery in Leeds, northern England. Tetley is one of Tata's brands.
Photographs: Nigel Roddis/Reuters

Prev     Next

20 most open, least corrupt companies in emerging markets

Prev     Next
Prev

Next

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.

Click NEXT to read more...


Image: Tata Steel plant in Port Talbot, South Wales.
Photographs: Rebecca Naden/Reuters

Prev     Next

20 most open, least corrupt companies in emerging markets

Prev     Next
Prev

Next

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.

Click NEXT to read more...


Image: A worker cleans a logo of Bharti Airtel at its zonal office building in Chandigarh.
Photographs: Ajay Verma/Reuters

Prev     Next

20 most open, least corrupt companies in emerging markets

Prev     Next
Prev

Next

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.

Click NEXT to read more...


Image: Motorists pump petrol at a Petronas station in Putrajaya outside Kuala Lumpur, Malaysia.
Photographs: Bazuki Muhammad/Reuters

Prev     Next

20 most open, least corrupt companies in emerging markets

Prev     Next
Prev

Next

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.

Click NEXT to read more...


Image: Workers store aluminium ingots at the Rusal Krasnoyarsk aluminium smelter in the Siberian city of Krasnoyarsk, Russia.
Photographs: Ilya Naymushin/Reuters

Prev     Next

20 most open, least corrupt companies in emerging markets

Prev     Next
Prev

Next

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.

Click NEXT to read more...


Image: An employee prepares to load processed potassium salts from a Uralkali potash mine at a port in the town of Solikamsk in the Perm region close to Russia's Ural mountains. Photo is for representation purpose only.
Photographs: Sergei Karpukhin/Reuters

Prev     Next

20 most open, least corrupt companies in emerging markets

Prev     Next
Prev

Next

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.

Click NEXT to read more...


Image: An employee looks out from a pit under an assembled Mahindra Bolero vehicle at the company's manufacturing plant on the outskirts of Mumbai.
Photographs: Vivek Prakash/Reuters
Tags: Mahindra

Prev     Next

20 most open, least corrupt companies in emerging markets

Prev     Next
Prev

Next

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.

Click NEXT to read more...


Image: A model poses with a Jaguar XF at India's Auto Expo in New Delhi. Jaguar is a Tata brand.
Photographs: Adnan Abidi/Reuters

Prev     Next

20 most open, least corrupt companies in emerging markets

Prev     Next
Prev

Next

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.

Click NEXT to read more...


Image: A man walks out of the office of Tata Consultancy Services in Mumbai.
Photographs: Vivek Prakash/Reuters

Prev     Next

20 most open, least corrupt companies in emerging markets

Prev     Next
Prev

Next

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.

Click NEXT to read more...


Image: A view of the headquarters of Saudi Basic Industries Corporation in Riyadh, Saudi Arabia.
Photographs: Fahad Shadeed/Reuters

Prev     Next

20 most open, least corrupt companies in emerging markets

Prev     Next
Prev

Next

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.

Click NEXT to read more...


Image: Logo of America Movil on the wall of the reception area in the company's corporate offices in Mexico City.
Photographs: Edgard Garrido/Reuters

Prev     Next

20 most open, least corrupt companies in emerging markets

Prev     Next
Prev

Next

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.

Click NEXT to read more...


Image: Mukesh Ambani with his son Akash, daughter Isha, wife Nita and mother Kokilaben in Mumbai. Mukesh is the head of Reliance Industries.
Photographs: Danish Siddiqui/Reuters

Prev     Next

20 most open, least corrupt companies in emerging markets

Prev     Next
Prev

Next

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.

Click NEXT to read more...


Image: Wipro campus in Bangalore.
Photographs: Punit Paranjpe/Reuters
Tags: 1

Prev     Next

20 most open, least corrupt companies in emerging markets

Prev     Next
Prev

Next

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.

Click NEXT to read more...


Image: Thailand's PTT Chemical complex at the Map Ta Phut industrial estate in the eastern province of Rayong.
Photographs: Sukree Sukplang/Reuters

Prev     Next

20 most open, least corrupt companies in emerging markets

Prev     Next
Prev

Next

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.

Click NEXT to read more...


Image: A man works at a steel factory in Que Vo district, outside Hanoi, Vietnam. Tenaris manufactures steel pipes. Photos is for representation purpose only.
Photographs: Kham/Reuters

Prev     Next

20 most open, least corrupt companies in emerging markets

Prev     Next
Prev

Next

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.

Click NEXT to read more...


Image: A woman chooses a cup noodle from a shelf at a supermarket in Beijing, China. Photo is for representation purpose only.
Photographs: Kim Kyung-Hoon/Reuters

Prev     Next

20 most open, least corrupt companies in emerging markets

Prev     Next
Prev

Next

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.

Click NEXT to read more...


Image: A Sasol plant in the Inhambane province of Mozambique.
Photographs: Juda Ngwenya/Reuters

Prev     Next

20 most open, least corrupt companies in emerging markets

Prev     Next
Prev

Next

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.

Click NEXT to read more...


Image: Customers talk to a salesperson at a Lenovo shop in Shanghai, China.
Photographs: Aly Song/Reuters

Prev     Next

20 most open, least corrupt companies in emerging markets

Prev     More
Prev

More

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.


Image: Employees work on a pile of coal gangue in Huaibei, Anhui province, China. Bumi Resources is the biggest thermal coal producer in Indonesia. Photos is for representation purpose only.
Photographs: Stringer/Reuters

Prev     More