Transparency International: Only 2 international companies partly disclose information about activities in Lithuania

SAP makes public some information about its revenues generated in Lithuania while Statoil discloses information about its revenues and profit tax as well as some information about community support.

“Obviously, the world’s business leaders are improving their accountability. I believe that Lithuania’s businesses, too, could focus more on transparency and play a more active role in fight against corruption in our country. There are many businesspeople who say now that they are ready to join anti-corruption initiatives. It is very important for this determination to become reality,” head of Transparency International Lithuanian Chapter, Sergej Muravjov, said in a press release.

Of 105 world’s biggest companies that were examined, 22 enterprises have various units in Lithuania or are otherwise active in the country. 

According to the survey data, Statoil, which scored 8.3 points, is the most transparent international company. Top five most transparent companies also include UK’s and Australia’s companies Rio Tinto (7.2) and BHP Billiton (7.2), Luxembourg’s ArcelorMittal (6.9) and UK’s BG Group (6.7). Also scoring 6.7 points were UK’s HSBC Holdings and Germany’s BASF, which is also active in Lithuania.

Companies were given score on the scale from 0 to 10 based on their disclosure of various sorts of business information important for investors and the general public.