Emerging Markets Reporting Comparison
SIRAN issued its first-ever analysis on the environmental and social reporting practices of emerging market companies in January 2008, conducted by independent investment research firm KLD Research & Analytics, Inc. The analysis focused on the following five questions:
- Does the company have any public disclosure of sustainability issues?
- Does the company have a separate section of its website and/or annual report addressing sustainability issues?
- Does the company publish a current (within the last two years) and stand-alone Sustainability report?
- Does the company reference the Global Reporting Initiative (GRI) framework for its stand-alone report?
- Does the company report sustainability goals and benchmarks?
SIRAN selected a universe of the top four companies by float-adjusted market cap from the S&P/IFCI Index, in three sectors: Energy (oil & gas); Materials (metals and mining) and Telecommunications, from seven countries: Brazil, Taiwan, South Africa, Russia, India, South Korea and China. It should be noted that in some cases there were fewer than four companies in a sector because the S&P/IFCI index listed less than this number of companies in a given sector, e.g. there was only one Energy sector company listed for Taiwan (also, in one case, a company was excluded because it was a holding company). In total, the public disclosures of 75 companies were analyzed for the 2008 report.
Click here for press release summarizing the 2008 findings. (PDF)
Investor Statement on Sustainability Reporting in Emerging Markets (PDF)
In the database below, orange circles indicate positive responses while grey circles indicate negative responses. We believe that higher numbers of orange circles for a company indicates a greater commitment to transparency and reporting.
Click on each company name for a specific profile of how that company's reporting meets the seven questions we evaluated. We will be engaging in dialogue with many of these companies over the next year to encourage improvement in reporting. In the meantime, we welcome any corrections or updates companies may have to the information provided here.
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