Promoting corporate transparency in the Baltic Sea Region

Filed under - Private sector

Posted 14 February 2013
lead image

Modern businesses are complex global operations. The world’s biggest companies have thousands of subsidiaries. They touch the lives of hundred thousands of people across the globe.

Transparency International believes is critical to ensure that companies are part of the solution to fighting corruption.

Our report, “Transparency in Corporate Reporting”, assesses the disclosure of financial and other information for 105 of the largest publicly traded companies. It also looks at the transparency footprint of each of these companies across 177 countries in which they operate: to what extent are earnings and taxes in specific countries made public?

Corporate transparency reduces opportunities for misuse of public money, but also shows how companies contribute to the societies they operate in. When this disclosure does not happen, it is harder for citizens to hold governments to account for the way they use revenues from multinational companies, and harder to track the contribution of companies. Corporate reporting on anti-corruption programmes demonstrates a company’s commitment to combatting corruption and makes it possible for multiple stakeholders to monitor company behaviour and hold companies accountable.

Conference focused on the Baltic region

The results of this report will be presented on 14 February 2013 at the conference “Business Integrity – Time for Action in the Baltic Sea Region” held at the Riga Business School in Riga, Latvia. A special focus will be on the corporate footprint that multinational companies leave in Latvia and the Baltic Sea Region.

In addition, Transparency International chapters from Sweden and Norway will present the results of their national corporate transparency indices. The Swedish report is available here.

The event will convene representatives of businesses, NGOs and governments of the Baltic Sea Region with the aim of improving transparency in the business environment. You can watch a live stream of the proceedings on 14 February 2013 from 8:30-15:00 CET.

Press contact(s):

Chris Sanders
Manager, Media and Public Relations
press@transparency.org
+49 30 3438 20 666

Country / Territory - Estonia   |   Finland   |   Latvia   |   Lithuania   |   Norway   |   Poland   |   Sweden   
Language(s) - English   
Topic - Accountability   |   Private sector   

By leaving a comment, you acknowledge the terms of use for our comments board.

Stay informed

Related news

Defence spending: how to reduce corruption risks

When a defence company lands a contract with a government without competition, there’s a real risk of corruption.

2
Sep
2014

It is time to unmask the corrupt in Switzerland

Switzerland must make it much harder for the corrupt to hide behind secret companies if the country wants to keep criminal activity out of its ...

Five corruption myths that block progress

Some argue corruption isn’t as big a barrier to development as people make it out to be – we strongly disagree. Here's why.

Related publications

Publication cover image

Maldives National Integrity System Assessment 2014

Transparency Maldives is pleased to release the 2014 National Integrity System Assessment Maldives report. The report describes the status of the 12 ...

National Integrity System assessment published – Jul 2014

Publication cover image

Sri Lanka National Integrity System Assessment 2014

The Sri Lanka NIS country report addresses 13 “pillars” or institutions believed to make up the integrity system of the country. An overall ...

National Integrity System assessment published – Jul 2014