How useful is the ‘Transparency in Corporate Reporting’ ranking for development debates?
Transparency International just published ‘ Transparency in Corporate Reporting: Assessing the World’s Largest Companies ’. Some of us probably remember the discussion around the 'Top NGO' ranking that Dave Algoso started . In some ways, I have similar problems with Transparency’s ranking based on self-reported, publicly available information by multinational companies. Any ranking suggests a hierarchy of ‘good’ companies at the top and not-so-good companies at the bottom. I am not entirely convinced that the aggregated data provide an accurate picture of some of the top performers impact on 'development' and a discussion on their ‘governance’ or 'development impact' should complement quantitative desk research in the future. Transparency is transparent about the limitations of their study, though: Transparency International has not undertaken to verify whether information disclosed on websites or in reports is complete or correct. In other words, if a com