The Most Recent “Transparency Awards Winners”

In 2022, company rankings were determined through review of annual proxy statements, annual reports on Form 10-K, investor relations websites, and codes of conduct. Each company’s documents were scored using 146 discrete criteria that flesh out the four pillars of transparency. In 2022, we also analyzed 12 criteria in order to rank the most efficient plain language in the proxy statement. This award is not accounted for in the overall ranking. See the top-rated companies below:

Top 7 Awards

Best Overall Transparency

The winner: Intel

The top 3: Intel, CVS Health, Honeywell

Proxy Statement

The winner: CVS Health

The top 3: CVS Health, Cognizant Technology Solutions, Anthem

Form 10-K

The winner: Allstate

The top 3: Allstate, Intel, Devon Energy

Investor Relations Website

The winner: Chubb

The top 3: Chubb, Exxon Mobil, AT&T

Code of Conduct

The winner: American International Group, Inc.

The top 3: AIG, Becton Dickinson, Procter & Gamble

Most Improved

The winner: Becton Dickinson

The top 3: Becton Dickinson, Capital One Financial, Target

Plain Language - Proxy Statement

The winner: Eli Lilly

The top 3: Eli Lilly, Becton Dickinson, PACCAR

Top ranked companies by industry

Utilities

Duke Energy, Public Services Enterprises Group and Xcel Energy

Telecommunication Services

Comcast, T-Mobile and Verizon

Real Estate

CBRE, Prologis and Welltower

Materials

Dow, Freeport-McMoran and Newmount

Information Technology

Accenture, Cognizant Technology and Intel

Industrials

Honeywell, Lockheed Martin and Rockwell Automation

Healthcare

Anthem, CVS Health and Johnson & Johnson

Financials

AIG, Allstate and S&P Global

Energy

ConocoPhillips, Devon Energy and Occidental Petroleum

Consumer Staples

Altria, Coca-Cola and Colgate-Palmolive

Consumer Discretionary

General Motors, Home Depot and Target

Top 20 companies

#1 INTEL

new to top 20

#2 CVS HEALTH

present in 2021

#3 HONEYWELL

present in 2021

#4 ALLSTATE

new to top 20

#5 COGNIZANT

present in 2021

#6 TARGET

new to top 20

#7 ANTHEM

new to top 20

#8 AMERICAN INTERNATIONAL GROUP, INC.

new to top 20

#9 ACCENTURE PLC

new to top 20

#10 S&P GLOBAL

present in 2021

#11 IBM

new to top 20

#12 CONOCOPHILLIPS

present in 2021

#13 MASTERCARD

present in 2021

#14 HP

new to top 20

#15 INTUIT

new to top 20

#16 ROCKWELL AUTOMATION

new to top 20

#17 BANK OF AMERICA

new to top 20

#18 GENERAL MOTORS

new to top 20

#19 FREEPORT-MCMORAN

new to top 20

#20 DOW

new to top 20

Section

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