PayPal, Target and State Street are among companies awarded top honors in the fifth annual U.S. Transparency Awards announced today by Labrador, a leading global communications firm specializing in transparent investor and stakeholder communications. The rankings compare the efficacy of corporate disclosure documents across the S&P 2501 – the nation’s largest companies based on market capitalization – and are independently determined through an evaluation of all corporate disclosure documents.
In addition to revealing the 10 most transparent U.S. companies and top three winners of each industry, the awards recognize the very best in individual disclosure categories, including overall transparency, proxy statement, Form 10-K, investor relations website, code of conduct, most improved, plain language, and for the first time, ESG reporting.
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.
“Today’s investors and stakeholders are demanding a level of transparency from companies unseen in the past. Clear, concise corporate communication inspires investor confidence and trust, and therefore creates real value for both companies and their stakeholders,“ said Broc Romanek, industry-renowned expert and chair of the independent Transparency Scientific Committee, which will oversee the awards next year. “These awards reward the quality of disclosure provided by S&P 250 companies and honor those who demonstrate a dedication to transparently communicate.”
Each year, experts from Labrador evaluate the corporate disclosure documents of all S&P 250 companies and compile a study that reveals what the nation’s largest companies share with stakeholders and how they tell their corporate story. This year, 59,250 data…
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