“Transparency in Corporate Reporting:
Assessing the Russia’s Largest Companies”

25 January 2018

Transparency International - Russia presents “Transparency in Corporate Reporting: Assessing the Russia’s Largest Companies” (TRAC) report. It assesses disclosure practices of 200 companies with respect to their anti-corruption programs as well as availability of information on their subsidiaries and foreign branches. A full-scale assessment of Russian companies using the TRAC methodology has not been conducted previously.

Profit of these companies comprises more than 70% of national income, and their taxes are crucial to Russian budget. However, despite significant economic and political influence, 84% rate low in terms of transparency. Their median assessment is 2.6 out of 10. Only 32 companies got more than 5 points.

Five highest-ranking companies are “Magnit” (7.9), Sberbank (7.9), “Kazanorgsintez” (7.8), “Rosseti” (7.5), and “Nizhnekamskneftekhim” (6.8). Forty-one companies got zero on all three criteria.

The report also includes recommendations on transparency and disclosure of information for businesses, investors, NGOs, and government agencies.

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The independent non-profit organization Center for Anti-corruption Research and Initiatives “Transparency International Russia” has been included on the register of non-profit organizations that act as foreign agents by the Ministry of Justice of the Russian Federation