Monday, November 3, 2014

Corporate transparency rankings - Toyota scores 98th of 106 multinational corporations


Transparency International is an organization that monitors trends in worldwide corruption and corporate transparency. Here is a page describing its findings from a survey of the world's largest multinational corporations. [update note: This is the old ranking posted on the TI website as of today Novemer 3, 2014. Since posting this, I learned that new rankings are due out in two days. I will update or post anew at that time.]


Report findings on Toyota --
How much does it do of what is required of a properly transparent company?

1. Anti-corruption program 46%
2. Organizational transparency - ie disclosures about subsidiaries 33%
3. Disclosures about taxes and profits in other countries  4%
    does not disclose revenues, capital expenditures, pre-tax income, or taxes paid. only discloses community contributions.

Overall rankings are listed below. Find Toyota ranked 98 of 106. Press reports about the SUA crisis highlighted Toyota's reputation of opaque corporate culture. These rankings are an objective measure that supports such a view.
Interestingly, Honda, now making the news for exploding air bags and the coverup thereof, is ranked even lower than Toyota. Astoundingly, the murderous organization known as Philip Morris is ranked far higher than Toyota.

One wonders why consumers will trust their lives to people who habitually conceal their business operations. Maybe the "flat world" content marketing "news" teams can take credit for cultivating consumer blind trust in secretive organizations.

Statoil Norway Oil & Gas 8.3
Rio Tinto United Kingdom/Australia Basic materials 7.2
BHP Billiton Australia/United Kingdom Basic materials 7.2
ArcelorMittal Luxembourg Basic materials 6.9
BG Group United Kingdom Oil & Gas 6.7
HSBC Holdings United Kingdom Financials 6.7
BASF Germany Basic materials 6.7
France Telecom France Telecommunication 6.6
BP United Kingdom Oil & Gas 6.6
Allianz Germany Financials 6.6
Tesco United Kingdom Consumer goods & services 6.5
Novartis Switzerland Health Care 6.5
ExxonMobil United States Oil & Gas 6.4
Vodafone United Kingdom Telecommunication 6.4
Wal-Mart Stores United States Consumer goods & services 6.4
ANZ Banking Australia Financials 6.3
Siemens Germany Industrials 6.3
GlaxoSmithKline United Kingdom Health Care 6.2
Royal Dutch Shell Netherlands/UK Oil & Gas 6.2
ENEL Italy Utilities 6.2
GDF Suez France Utilities 6.2
Telefónica Spain Telecommunication 6.2
British Amer Tobacco United Kingdom Consumer goods & services 6.1
Bayer Group Germany Basic materials 6.1
Westpac Banking Group Australia Financials 6.0
General Electric United States Industrials 6.0
Home Depot United States Consumer goods & services 6.0
L'Oréal Group France Consumer goods & services 6.0
Deutsche Telekom Germany Telecommunication 6.0
E.ON Germany Utilities 6.0
Roche Holding Switzerland Health Care 5.9
Sanofi-Aventis France Health Care 5.9
ENI Italy Oil & Gas 5.9
Nestlé Switzerland Consumer goods & services 5.9
SAP Germany Technology 5.8
Toronto-Dominion Bank Canada Financials 5.7
Unilever Netherlands/UK Consumer goods & services 5.7
Banco Santander Spain Financials 5.4
Oil & Natural Gas Corporation (ONGC) India Oil & Gas 5.4
BNP Paribas France Financials 5.4
Coca-Cola United States Consumer goods & services 5.3
Occidental Petroleum United States Oil & Gas 5.2
Chevron United States Oil & Gas 5.2
Credit Suisse Group Switzerland Financials 5.1
Total France Oil & Gas 5.1
Amgen United States Health Care 5.0
United Technologies Corporation (UTC) United States Industrials 5.0
AstraZeneca United Kingdom Health Care 5.0
Merck & Co United States Health Care 4.9
Hewlett-Packard United States Technology 4.8
Banco Bradesco Brazil Financials 4.8
Petrobras-Petróleo Brasil Brazil Oil & Gas 4.7
Vale Brazil Basic materials 4.7
Reliance Industries India Oil & Gas 4.7
Intel United States Technology 4.7
Abbott Laboratories United States Health Care 4.7
AT&T United States Telecommunication 4.7
Lloyds Banking Group United Kingdom Financials 4.6
3M United States Industrials 4.5
EDF Group France Utilities 4.4
Qualcomm United States Technology 4.4
Royal Bank of Canada Canada Financials 4.4
América Móvil Mexico Telecommunication 4.4
Johnson & Johnson United States Health Care 4.4
Samsung Electronics South Korea Technology 4.3
IBM United States Technology 4.2
Procter & Gamble United States Consumer goods & services 4.2
Oracle United States Technology 4.1
PetroChina China Oil & Gas 4.1
United Parcel Service (UPS) United States Industrials 4.1
Barclays United Kingdom Financials 4.0
Schlumberger France/ incorporated in Curacao Oil & Gas 4.0
Saudi Basic Industries Saudi Arabia Basic materials 4.0
Philip Morris International United States Consumer goods & services 3.9
CNOOC (China National Offshore Oil Corporation) Hong Kong/China Oil & Gas 3.9
Industrial and Commercial Bank of China (ICBC) China Financials 3.9
Citigroup United States Financials 3.8
JPMorgan Chase United States Financials 3.8
Pfizer United States Health Care 3.7
McDonald's United States Consumer goods & services 3.7
ConocoPhillips United States Oil & Gas 3.7
PepsiCo United States Consumer goods & services 3.5
Visa United States Financials 3.5
Cisco Systems United States Technology 3.4
Microsoft United States Technology 3.4
Walt Disney United States Consumer goods & services 3.4
Goldman Sachs Group United States Financials 3.3
Teva Pharmaceutical Industries Israel Health Care 3.3
Verizon Communications United States Telecommunication 3.3
Mitsubishi UFJ Financial Japan Financials 3.2
Apple United States Technology 3.2
Bank of America United States Financials 3.2
Commonwealth Bank Australia Financials 3.1
Canon Japan Industrials 3.0
Google United States Technology 2.9
Anheuser-Busch InBev Belgium Consumer goods & services 2.9
Toyota Motor Japan Consumer goods & services 2.8
Gazprom, OAO Russia Oil & Gas 2.8 United States Consumer goods & services 2.8
Nippon Telegraph & Telephone Corporation Japan Telecommunication 2.6
Berkshire Hathaway United States Financials 2.4
China Construction Bank (CCB) China Financials 1.9
Honda Motor Japan Consumer goods & services 1.9
Bank of Communications China Financials 1.7
Bank of China China Financials 1.1