Asia

Survey: Indian firms best, China worst on transparency

  • FILE- In this Tuesday, April 10, 2012, file photo, Bharti Airtel Ltd. Chairman and Managing Director Sunil Mittal walks as he attends a press conference during launch of Airtel's 4G services, in Kolkata, India. India has the most transparent companies while Chinese firms are the most opaque, according to a global anti-graft watchdog's survey released Monday that assesses efforts by emerging market companies to fight corruption. Indian Telecom company Bharti Airtel took first place with a score of 7.3 out of 10. (AP Photo/Bikas Das, File)

    FILE- In this Tuesday, April 10, 2012, file photo, Bharti Airtel Ltd. Chairman and Managing Director Sunil Mittal walks as he attends a press conference during launch of Airtel's 4G services, in Kolkata, India. India has the most transparent companies while Chinese firms are the most opaque, according to a global anti-graft watchdog's survey released Monday that assesses efforts by emerging market companies to fight corruption. Indian Telecom company Bharti Airtel took first place with a score of 7.3 out of 10. (AP Photo/Bikas Das, File)  (The Associated Press)

  • FILE - In this July 4, 2007 file photo, a Chinese couple ponders on whether to purchase a Chery QQ auto at a Chery auto dealer show room in Beijing, China.  India has the most transparent companies while Chinese firms are the most opaque, according to a global anti-graft watchdog’s survey released Monday, July 11, 2016, that assesses efforts by emerging market companies to fight corruption.  Thirty-seven Chinese companies were evaluated, making them the survey’s biggest group, but they had the weakest overall performance. The three companies that scored zero out of 10 were all Chinese which includes automaker Chery.   (AP Photo/Elizabeth Dalziel, File)

    FILE - In this July 4, 2007 file photo, a Chinese couple ponders on whether to purchase a Chery QQ auto at a Chery auto dealer show room in Beijing, China. India has the most transparent companies while Chinese firms are the most opaque, according to a global anti-graft watchdog’s survey released Monday, July 11, 2016, that assesses efforts by emerging market companies to fight corruption. Thirty-seven Chinese companies were evaluated, making them the survey’s biggest group, but they had the weakest overall performance. The three companies that scored zero out of 10 were all Chinese which includes automaker Chery. (AP Photo/Elizabeth Dalziel, File)  (The Associated Press)

  • FILE - In this April 20, 2007 file photo, a man takes a picture of a car from Chinese automaker Chery during the Shanghai Auto Show in Shanghai, China.  India has the most transparent companies while Chinese firms are the most opaque, according to a global anti-graft watchdog’s survey released Monday, July 11, 2016, that assesses efforts by emerging market companies to fight corruption.  Thirty-seven Chinese companies were evaluated, making them the survey’s biggest group, but they had the weakest overall performance. The three companies that scored zero out of 10 were all Chinese, which includes automaker Chery. (AP Photo/Ng Han Guan, File)

    FILE - In this April 20, 2007 file photo, a man takes a picture of a car from Chinese automaker Chery during the Shanghai Auto Show in Shanghai, China. India has the most transparent companies while Chinese firms are the most opaque, according to a global anti-graft watchdog’s survey released Monday, July 11, 2016, that assesses efforts by emerging market companies to fight corruption. Thirty-seven Chinese companies were evaluated, making them the survey’s biggest group, but they had the weakest overall performance. The three companies that scored zero out of 10 were all Chinese, which includes automaker Chery. (AP Photo/Ng Han Guan, File)  (The Associated Press)

India has the most transparent companies while Chinese firms are the most opaque, according to a global anti-graft watchdog's survey released Monday that assesses efforts by emerging market companies to fight corruption.

Transparency International said the report's findings were "pathetic" and highlighted the urgent need for big multinational companies to do more to fight corruption.

The report covered 100 companies in 15 emerging market countries that also included Brazil, Mexico and Russia. The overall score slipped since the last Transparency In Corporate Reporting survey in 2013, falling a fraction to 3.4 out of 10, with three quarters of companies scored less than half.

The Berlin-based watchdog warned that the failure of a vast majority of companies surveyed to operate transparently risks creating an environment for corruption to thrive both in their businesses and the countries where they operate.

Thirty-seven Chinese companies were evaluated, making them the survey's biggest group, but they had the weakest overall performance. The three companies that scored zero out of 10 were all Chinese: automaker Chery, appliance maker Galanz and auto parts maker Wanxiang Group. The list's bottom 25 spots were also dominated by Chinese companies.

"The very weak Chinese results stem from weak or non-existent anti-corruption policies and procedures, or a clear failure to disclose them in line with international practice," Transparency International said in a press release accompanying its report.

Indian firms, on the other hand, dominated the top spots, in part because of strict government requirements for financial dislosures, including subsidiaries operating in different countries. Telecom company Bharti Airtel took first place with a score of 7.3 out of 10, followed by six units of conglomerate Tata and technology company Wipro.

Only one Chinese company, telecom gear maker ZTE, placed in the top 25.