NEW DELHI, INDIA: 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 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.
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 percent on Reporting on anti-corruption programmes against an average score of 46 percent. The score for Organisational Transparency was 75 percent vs the average score of 54 percent, and for Country-by-Country reporting it was 34 percent vs. the average of 9 percent.
The top 20 companies by ranking
Tata Communications
Tata Global Beverages
Tata Steel
Bharti Airtel
Petronas
United Co. Rusal
Tata Chemicals
Mahindra & Mahindra
Tata Motors
Tata Consultancy Services
Saudi Basic Industries
America Movil
Reliance Industries
Wipro
PTT
Tenaris
Falabella
Sasol
Lenovo Group
Bumi Resources