Transparency in business reporting companies

The analysis is divided into three levels that focus on the following aspects: 1st level: Formal requirements.

There are still large gaps, which reveal opportunities for Australian companies to better communicate their business value stories. Company Y, by contrast, has numerous businesses and subsidiaries with complex financials. More than 50 companies scored zero per cent.

Other companies may release information that is misleading but technically conforms to legal standards. The analysis in aims to cover companies from all the main industrial sectors and European countries and provide all research data to the public in an open database.

Only 23 of the companies score more than 50 per cent in this category. It serves as guidance to companies and regulators, and provides data to substantiate the discussion on the standardisation of sustainability disclosure, which is in turn also a prerequisite for sustainable finance.

disadvantage of transparency in business

This approach can give investors more confidence, in turn resulting in more stable financing, and potentially a lower cost of capital if investors choose to support the strategy.

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How Transparency Became a Top Priority for Businesses, and Why You Should Care