Wednesday, November 5, 2014

Transparency International report: Toyota scores a below-average 2.8 out of 10, same as last year, on anti-corruption and transparency


The 2013 report was published today. I am updating after posting about this two days ago.
The overall gist is that multinational corporations are not doing too well in the transparency department.

In the overall score, on a scale of 1 to 10, where 10 is the most transparent, Toyota got 2.8, well below the average of 3.4, and the same as Goldman Sachs.

Toyota came in 101st out of 124 companies. But its score was exactly the same as last year's. There were more companies in this year's survey and quite a few of the lowest-scoring companies either dropped to much lower scores than their scores in the previous year or joined the survey this year.

1. Anti-corruption programs and policies
Based on guidelines for companies preparing anti-corruption measures, section one scores companies for reporting on anti-corruption programmes, including measures such as facilitation payments and political contributions.
Toyota got a score of 54%, or 7, well below average of 9.2

2. What do companies reveal about their sub-entities?
Complex corporate structures can hide tax evasion and bribes. This table looks at how much of their operations companies reveal: who are their subsidiaries, where they operate and where they are based for tax purposes.
Toyota got a score of 31% or 2.5, below average but not by so much

3. How transparent are companies operations in your country?
The disclosure of key information such as profits, revenues and payments to governments by the 124 companies is evaluated across the foreign countries where they operate.

Toyota got a score of 0%, along with 39 other companies.