Bharti Airtel, a leading global
telecommunication services provider with operations in 20 countries across Asia
and Africa, has been ranked fourth in a listing of 100 emerging market
multinational companies as part of a study on corporate transparency and
reporting by Transparency International.
The study Transparency in Corporate Reporting: Assessing Emerging Market
Multinationals (http://www.transparency.org/news/feature/emerging_market_multinational_companies_ready_for_prime_time) assesses the corporate reporting practices of
100 large multinational companies from emerging markets. These rapidly
expanding companies, identified as rising stars of the world economy, come from
16 different countries.
 |
| A Bharti Airtel office |
The Companies were ranked on
three parameters:
·
Reporting
on anti-corruption programmes: covering inter alia bribery, facilitation
payments, whistleblower protection and political contributions.
·
Organisational
transparency: including information about corporate holdings.
·
Country-by-country
reporting: including revenues, capital expenditure and tax payments.
Bharti Airtel scored 85% on
Reporting on anti-corruption programmes against an average score of 46%. The
score for Organisational Transparency was 75% vs the average score of 54% and
for Country-by-Country reporting it was 34% vs the average of 9%.
The
top 20 companies by ranking
|
1 Tata Communications
|
11
Saudi Basic Industries
|
|
2 Tata Global Beverages
|
12
America Movil
|
|
3
Tata Steel
|
13
Reliance Industries
|
|
4 Bharti
Airtel
|
14
Wipro
|
|
5
Petronas
|
15
PTT
|
|
6
United Company Rusal
|
16
Tenaris
|
|
7
Tata Chemicals
|
17
Falabella
|
|
8
Mahindra & Mahindra
|
18
Sasol
|
|
9
Tata Motors
|
19 Lenovo Group
|
|
10
Tata Consultancy Services
|
20 Bumi Resources
|
According to Transparency International, the
growing importance of emerging markets means their impact is felt broadly
around the world. Thus it is important companies from emerging markets do all
they can to stop corruption from being a part of their business. As markets
become global, the ethical and transparency standards of companies must become
higher and more universally applied.
Transparency International is the global civil society
organisation leading the fight against corruption. Through more than 90
chapters worldwide and an international secretariat in Berlin, it raises
awareness of the damaging effects of corruption and work with partners in
government, business and civil society to develop and implement effective
measures to tackle it.
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