Home » Italian Companies Dominate the Transparency Rankings in Europe

21/11/2019

By: 

Lundquist

Italian Companies Dominate the Transparency Rankings in Europe

The stress test for corporate communications transparency reveals an impressive standing for Italian companies in the ranking of the 500 largest European companies by market cap: 5 Italian companies have secured a place in the Top 10. These results emerge from the 23rd edition of Webranking research by Comprend, in collaboration with Lundquist, with 23 Italian companies included in the Europe 500 list. Eni and Snam wear their crowns proudly, topping the list in first and second place respectively, followed by the Finnish company Wärtsilä. Terna jumped to 4th place, and Generali stands firmly at 5th. Poste Italiane edges on up to 9th place with an 8-position improvement from last year. Leonardo on the other hand had an 16-position improvement from last year, with the top 10 just barely out of their reach. In the first 25 positions we can also find Prysmian and Mediobanca.

When taking into consideration a broader panorama of the 896 companies hailing from over 30 countries that have been included in the various Webranking lists, Italian transparency shines even brighter. Pirelli and Hera Group wave their flag in the top 10 positions amongst all European companies, and Acea records the greatest point improvement amongst all 896 companies.

Through a protocol that includes over 200 measuring points, Webranking research assesses the quality of companies’ digital disclosure of financial information, corporate governance, sustainability, and general company information – all grounded in the expectations of stakeholders, which have been collected through hundreds of surveys conducted the year prior to the beginning of the research.

“Italian companies have taken giant steps in the last few years to demonstrate their value to the market. The bar has been set high, and it is no longer enough to merely be transparent, but there is a distinct need to stand out and earn the trust of a company’s stakeholders”, comments Joakim Lundquist, CEO of Lundquist.

Best Improvers

Best Improvers are those companies that have increased their performance most from their 2018 score. Acea takes first place amongst all 896 companies, increasing by 43.5 points, while the runner-up Essity (former SCA) is at a long distance with 20.7 points more than it had last year. Followed by more Italian companies , with Autogrill in third place at an increase of 19.5 points, and Maire Tecnimont at 18.4 points above their 2018 performance.

Bridging the gap…

A significant extrapolation to be made from the data collected is the fact that Italian companies are finally bridging the gap with their European counterparts when it comes to transparency on ESG themes. This is evident both in corporate governance and in sustainability, in fact, Italian companies included in the Europe500 ranking have proven to be receptive to the needs of their stakeholders, providing precise and clear references to their company strategy on sustainability, and on their concrete targets

…though there are challenges that have yet to be faced

On the flipside, Italian companies seem to still have a lot to learn from European companies when it comes to the communication of their corporate strategy. In fact, Italian companies often limit themselves to a simple presentation of their corporate plan, without an explicit description of their ambitions and individual objectives. Nevertheless, Italian companies have undoubtedly chosen the right path towards an improved communication of their visions for the future, demonstrating a more careful presentation of a long-term vision that takes into account emerging global trends.

Italy falls in with the top performers in energy and financial sectors

Shifting our attention to company performance per sector, we find Eni atop the list yet again in the Oil & Gas sector, and Snam followed closely by Terna in the Utilities sector. In the Financial sector, Generali is the best amongst European insurance groups, followed by Poste Italiane, and Mediobanca representing the best of banking.

Italian companies defend their station even with increasingly stricter evaluations

In fact, the 500 companies that have been included in the European ranking lost an average of 2.1 points in comparison to last year, due to more demanding evaluations. Italian companies, however, demonstrated their perseverance: their average remained stable.

The complete Italian ranking will be published shortly, stay tuned for updates.

Webranking EU500 Listed 2019-2020

The most transparent companies in Europe. Click here for the full ranking.

2019

1
2
3
4
5
6
7
8
9
10

13*
20
25
33
40
54
105
113
156
217
249
256
307
334
347
408
422
427

Diff.



























Company

Eni
Snam
Wärtsilä
Terna
Generali
Swedish Match
Skanska
Valmet
Poste Italiane
Kesko

Leonardo
Prysmian
Mediobanca
Moncler
Unicredit
TIM
ENEL
Intesa Sanpaolo
Campari Group
CNH Industrial
FCA
STMicroelectronics
Tenaris
Atlantia
Ferrari
Recordati
Finecobank
Exor

Country

Italy
Italy
Finland
Italy
Italy
Sweden
Sweden
Finland
Italy
Finland

Italy
Italy
Italy
Italy
Italy
Italy
Italy
Italy
Italy
Italy
Italy
Italy
Italy
Italy
Italy
Italy
Italy
Italy

Score

92.5
91.3
88.7
87.3
85.8
83.4
82.1
82
81.8
81

77.9
73.8
70.8
66.3
64.8
62.4
54.6
53.9
50.3
46.3
44.7
44.1
39.3
37.8
37.1
32.7
31.4
31.1

*  the ranking contains the position of the Italian companies included in the Europe500 list that do not reach the top 10.