Top 10 Most Transparent Companies Revealed in 2024 U.S. Transparency Awards by Labrador
The Transparency Awards celebrate the 10 most transparent
“The transparency movement is driving companies to provide clearer, more accessible information, which allows investors, employees, and all stakeholders to better understand a company’s true value,” said
Now in their sixth year, the
TOP 10 MOST TRANSPARENT
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Intel Corporation (NASDAQ: INTC) - Dow (NYSE: DOW)
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Mastercard Incorporated (NYSE: MA) -
The (NYSE: ALL)Allstate Corporation -
ConocoPhillips -
Xcel Energy , Inc. -
CSX Corp . -
Freeport-McMoRan Inc . -
Visa (NYSE: V) -
Prologis , Inc.
WINNERS IN INDIVIDUAL CATEGORIES
Best Overall Transparency:
Showcasing true transparency,
Best Proxy Statement: Lockheed Martin
Lockheed Martin excels in providing a clear and easy-to-navigate proxy statement that balances summaries, details, and visuals throughout. It effectively outlines and connects Board priorities, engagements, core competencies, and strategic skills.
Best ESG Report: Ecolab
Ecolab takes top honors and was awarded a precision score of 93.2%, which measures the completeness and prioritization of voluntary information shared. The company is recognized for its comprehensive goals overview, progress summary, and insights on how ESG aligns with their mission, vision, and purpose.
Most Improved Overall: Ford Motor Company
Ford’s dedication to addressing stakeholder needs is evident in its impressive 116-place leap, driven by significantly improved scores for their proxy and ESG reports. They also placed 14 among the top 20 most transparent companies, underscoring their commitment to transparency. CVS Health and Ecolab received the next highest rankings.
Best Form 10-K:
Best Investor Relations Website: Bank of America and Honeywell International
Marking the award’s first tie, Bank of America and Honeywell International stand out for IR websites that are easy to navigate, offering key information for readers only a few clicks away and dedicated landing pages for the annual meeting. Runner up: Cognizant Technology.
Best Code of Conduct: NextEra Energy
NextEra Energy puts readers first with intuitive navigation, featuring direct links to policies throughout the document. The introductory letter sets the tone by emphasizing the importance of ethics, compliance, integrity, following the code, and reporting concerns. AIG and Procter & Gamble received the next highest rankings.
Most Efficient Plain Language - Proxy Statement: Rockwell Automation
Rockwell Automation provided transparent communication in its proxy statement by usingclear, concise language to build value and trust between stakeholders and the company. Johnson & Johnson and John Deere rank second and third.
TOP INDUSTRY WINNERS
- Communication Services: T-Mobile, Verizon Communications, and Netflix
- Consumer Discretionary: Ford Motor Company, Home Depot, and Marriott International
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Consumer Staples: Target, Mondelez, and
General Mills -
Energy:
ConocoPhillips ,Hess , and Williams Companies -
Financials:
Mastercard , Allstate, andVisa - Healthcare: Elevance Health, Merck, and CVS Health
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Industrials:
CSX Corporation , RTX, and Lockheed Martin -
Information Technology:
Intel , Cognizant Technology, and ServiceNow -
Materials: Dow,
Freeport-McMoRan , and Ecolab -
Real Estate:
Prologis , American Tower, and VICI Properties -
Utilities:
Xcel Energy , Duke Energy, and Exelon
2024 Awards Methodology:
Each year, experts from Labrador evaluate the corporate disclosure documents of the top 250 companies of the S&P 500. This year, the team collected 70,000 data points and evaluated each organization’s disclosure documents using 234 objective criteria2 that reflect the award’s five pillars of transparency – accessibility, precision, comparability, availability, and clarity.
The Transparency Scientific Committee, an independent group of current and former institutional investors, proxy advisors, in-house practitioners, and regulators, oversees this objective process by updating the transparency criteria and award categories, and verifying winners.
To learn more visit TransparencyAwards.com. To review analysis of good, transparent disclosure throughout the year, visit RealTransparentDisclosure.com. Companies wishing to inquire about their ranking should contact transparency@labrador-company.com.
ABOUT LABRADOR
Labrador, the creator and organizer of the Transparency Awards, is an independent firm specializing in transparent investor and stakeholder communications. With more than 30 years serving clients in the
For further information, visit Labrador-company.com or connect with us on LinkedIn.
1 The top 250 companies in the S&P 500 index are ranked, with no need to apply and no fee. Each company receives its own confidential annual ranking. The list of companies was created in
2 These awards spotlight best practices and allow companies to track their annual performance against the open-source criteria published by Labrador in an effort to establish transparency standards that will contribute to a broad improvement in corporate disclosure readability and efficacy.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240919966811/en/
Malaika Minters
minters.m@labrador-company.com
Source: Labrador