It pays to be transparent. That’s what Corporate Responsibility Magazine uncovered when it compared companies that appeared on its best and worst lists for corporate citizenship, the New York Times reported Monday.
This is the first time the magazine has created a “Black List” as a companion to its list of most transparent companies. On average, companies ranking high on the best list had a 2.37 return on shareholder value over three years, while the 30 worst companies lost 7.38 percent.
Top performers included Hewlett-Packard, Intel and General Mills. Abercrombie & Fitch and Weight Watchers ranked near the bottom. To create the list, Corporate Responsibility compiled data from 349 points, including the availability of financial, governance and human rights information. The Black List will be released April 24.