April 18, 2024 09:42 (IST)
Follow us:
Tata Steel ranked 7th most 'Transparent Company Globally'
Kolkata, July 12 (IBNS): Tata Steel has been ranked as the 7th most transparent company in the world.
According to a report published by Transparency International, a Berlin-based, anti-graft watchdog, the steel giant secured an overall score of 6.5.
The company performed well with 88 percentage and 75 percentage points in Anti-Corruption Programme and Organisational Transparency, respectively.
The report published by Transparency International, which is a transnational NGO, indicates that companies in India are among the most transparent companies in the world. It covers 100 companies in 15 emerging markets, including Brazil, Mexico and Russia.
The report has been published after a thorough assessment of emerging markets basis a three dimensional assessment process that includes reporting of key elements of their anti-corruption programmes, the disclosure of their company structures and holdings, and the disclosure of key financial information on a country-by-country basis.
It is being published in the wake of the unprecedented leaks of the so-called Panama Papers, which have exposed the industrial-scale use of shell companies and offshore tax havens, often for illegal purposes such as tax evasion and money-laundering. These revelations have bolstered a public mood of outrage towards corporate secrecy that can only raise stakeholder demand for greater corporate transparency.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
Latest Headlines
Paytm starts migrating its users to PSP banks Thu, Apr 18 2024
Premier Energies Photovoltaic Ltd secures export order from Amara Raja Infra for Bangladesh project Wed, Apr 17 2024
Vodafone Idea raises Rs 5,400 cr from over 70 anchor investors Wed, Apr 17 2024
Centre notifies liberalised norms for FDI in space sector Wed, Apr 17 2024
Apple inks JV with CleanMax for 6 rooftop solar projects with 14.4 MW capacity in India Wed, Apr 17 2024
Home Loan Balance Transfer: Unlocking the Path to Savings Wed, Apr 17 2024
India eyes to become global nutrition hub Wed, Apr 17 2024
Stock market holiday: BSE, NSE to remain closed for Ram Navami today Wed, Apr 17 2024