Hot Off the Press! The “Most Transparent” Companies in the US

The most transparent companies in the US! As determined by an independent Transparency Scientific Committee! I am pleased to share the winners of the 2025 Transparency Awards (the “7th Annual” in the US), as noted on the “Transparency Awards” website – on which we recognize the winners noted below, as well as the top transparent companies by industry and the “Top 20” most transparent companies (scroll to page 4 for each). Also see this press release.

As I announce in this 8-minute Awards Ceremony Video, the winners by category are:

  • Best Overall Transparency: Lowe’s Companies
    – Runners-Up: Dow, American Express, ConocoPhillips, AIG
  • Best Proxy Statement: Lockheed Martin
    – Runners-Up: Gilead Sciences, VICI Properties, Freeport-McMoran, 3M
  • Best Sustainability/ESG Report: Dow
    – Runners-Up: Lowe’s, Philip Morris, American Express, Ecolab
  • Best Form 10-K: Allstate
    – Runners-Up: Home Depot, Moody’s, Bank of America, ConocoPhillips
  • Best Investor Relations Website: Duke Energy / GE Aerospace / Johnson & Johnson
    – Runners-Up: American Express, ConocoPhillips, CVS Health, Meta Platforms, Morgan Stanley
  • Best Code of Conduct: Procter & Gamble / Xcel Energy
    – Runners-Up: ConocoPhillips, John Deere, Elevance Health
  • Most Efficient Plain Language – Proxy Statement: Johnson & Johnson
    – Runners-Up: Microsoft, General Dynamics, Booking, ExxonMobil

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