Openly Transparency Index - Openly

Home | Openly Services | Openly Transparency Index

Transparency Index© Report

­­The Openly Transparency Index© champions voluntary, visible and accessible disclosures of government interactions by corporations.

Using a weighting system, the Openly Transparency Index© assesses companies on 30+ data points on matters such as disclosures of government contracts, political donations, lobbying, use of confidential information and conflicts of interest.

The first iteration of the Index focuses on the practices of the fifty largest companies on the ASX and will track progress for the ASX50 cohort into the future.

Companies are scored across four key categories:

  • Relationship disclosures
  • Financial disclosures
  • Confidential information
  • Policy framework for corporate best practice

ASX50 Index Results October 2024

REH
CPU
VMIN
LNW
GMG
REA
AMC
SCG
SHL
CAR
NST
CSL
WTC
URW
QBE
NAB
WES
SQ2
XRO
S32
JHX
PWE
SOL
BXB
CBA
ANZ
FPH
SVW
RMB
ASX
TCL
MQG
SUN
STO
ALL
IAG
COH
MEZ
COL
NWS
WBC
ORG
WOW
SGP
FMG
WDS
NEM
TLS
BHP
RIO
Score
0
10
20
30
40
50
60
70
80
116.9
Company Name
0.0
0
Relationship
Disclosures
0
Financial
Disclosures
0
Confidential
Information
0
Policy Framework for Corporate Best Practice

Last updated: October 2024

Top 3 performers in each category:

Relationship Disclosures
  1. Rio Tinto Ltd
  2. Telstra Group Ltd
  3. BHP Group Ltd,
    Origin Energy Ltd
Financial Disclosures
  1. Rio Tinto Ltd
  2. News Corporation
  3. Newmont Corporation,
    Stockland Corporation Ltd,
    South32 Ltd
Confidential Information
  1. Wesfarmers Ltd
  2. Coles Group Ltd
  3. Sonic Healthcare Ltd,
    Computershare Ltd,
    Rio Tinto Ltd,
    Transurban Group,
    Macquarie Group Ltd,
    Vanguard Australian Shares Index ETF,
    Xero Ltd,
    Goodman Group,
    QBE Insurance Group Ltd,
    Stockland Corporation Ltd,
    Amcor Plc,
    Telstra Group Ltd
Policy Framework for Corporate Best Practice
  1. Macquarie Group Ltd,
    Woolworths Group Ltd
  2. BHP Group Ltd,
    Woodside Energy Group
  3. Newmont Corporation,
    Fortescue Ltd,
    Fisher & Paykel Healthcare Corporation Ltd,
    Coles Group Ltd

Key Findings - ASX50 October 2024

The inaugural Openly Transparency Index© shows that the practice of voluntarily, visibly disclosing information related to government interactions is nascent in Australia. This presents an opportunity for your business to lead the way.

 

Key findings:

  • Transparency is still developing in Australia. Most ASX50 companies are at the beginning of their transparency journeys.
  • There are clear gaps in transparency practice. No company has reached Openly’s ‘Advanced’ or ‘Leading’ ratings.
  • Corporate integrity is gaining importance. Top companies like Rio Tinto, Telstra and BHP are prioritising transparency as key to reputation management, signalling leadership in setting a new integrity standard.

Join us in shaping a future where integrity drives business success.

Subscribe to receive valuable updates from Openly.