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Coca-Cola was awarded the best overall for transparency in corporate disclosures.
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Topline: A new ranking of transparency among the top 250 publicly traded companies in the U.S. named the Coca-Cola Company, one of billionaire investor Warren Buffett’s favorite stocks, as the best in overall corporate disclosure.
- Labrador’s rankings are conducted by an independent panel of stakeholders, from investor groups to financial analysts, who use different criteria to analyze the effectiveness of corporate disclosures—such as annual proxy statements, 10-K forms, and investor relations websites.
- BlackRock, the world’s largest asset manager, and the Southern Company, one of the largest utility companies in the U.S., ranked second and third overall, respectively.
- Several other financial companies made the top 20: Prudential (4th), Goldman Sachs (6th), Bank of America (10th), Citigroup (11th), S&P Global (14th), Intuit (17th) and Mastercard (18th).
- Other members on the list include defense contractor Raytheon (7th) and insurance company Allstate (13th), as well as several energy and utility companies.
- The report also ranked companies with the best corporate disclosures by industry: General Motors was top for consumer discretionary, Walmart for consumer staples, Caterpillar for industrials, Intel for information technology and AT&T for telecommunication services.
Key background: Global communications firm Labrador, which specializes in regulated disclosure documents, announced its inaugural U.S. Transparency Awards on Wednesday. The firm launched its Transparency Awards in France 10 years ago, which over the years has become a recognized rating for corporate disclosures to investors.
Further reading: Find out more about the criteria and methodology used in the rankings here.
