By disclosing anti-corruption measures and key organisational and financial data, especially on a country-by-country level, companies demonstrate their commitment to stop the misappropriation of revenues.
In particular, detailed publication of fiscal payments allows citizens to hold governments to account. The 44 companies evaluated represent 60 per cent of global oil and gas production.
By disclosing anti-corruption measures and key organisational and financial data, especially on a country-by-country level, companies demonstrate their commitment to stop the misappropriation of revenues.
In particular, detailed publication of fiscal payments allows citizens to hold governments to account. The 44 companies evaluated represent 60 per cent of global oil and gas production.
The findings of the new report show improvements from 2008 in that in 2011 (the 2010 report just released), only eight companies failed to score any point for reporting on anti-corruption programmes.
In 2008, 21 companies out of 42 scored zero in this category; while 24 out of 44 reviewed their data in 2011. Only a handful of the companies surveyed agreed to review and comment on the data in 2008.
This increase in company involvement may reflect a growing awareness by companies that they have responsibility to help stop corruption and that investors were looking for ways to measure sustainable reporting.
“It is good news that transparency is improving, but too few companies publish what they pay governments in each country where they operate. Two thirds of the world’s poor live in resource-rich countries. They have a right to know how much money their governments get from companies to exploit these resources,” said Huguette Labelle, Chair of TI.
For organisational disclosure, the average score was 65 per cent, with only one company (NNPC) scoring zero. For reporting on anti-corruption programmes, the average score was 43 per cent. This section had the highest number of zero-scoring companies, with eight evaluated companies awarded no points for their reporting on anti-corruption programmes.
The report also disclosed that the eight worst performing NOCs – Gazprom, GEPetrol, NIOC, NNPC, SNPC, Sonangol, Sonatrach and SOCAR – which scored zero for the entire section on corruption reporting programme, had refused to divulge relevant information to the assessment team, It said in some cases, the companies alleged that they had internal codes of conduct and none of the documents required was publicly made available and so points were not awarded to them.
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