Spectrum of transparency

More rigorous transparency regulations for negative externalities to force companies to measure, and reduce.

Image for post
Image for post
Tokyo, Japan

The most transparent

In the EU, big, public companies are legally required to publish annual non-financial statements. Directive 2014/95/EU applies to public-interest companies with more than 500 people, including listed companies, banks, insurance companies and other specially designated public-interest entities.

Image for post
Image for post

The least transparent

Most companies report nothing at all. Whether it is a big gaming company like Roblox, a media site like Ladbible or an ecommerce store like Gear4Music, these companies completely ignore their responsibilities.

Somewhere in the middle

In-between the two extremes of the transparency spectrum, we have companies that sit somewhere in the middle. These are the companies such as Boden and The White Company, who claim to care about their corporate responsibilities, even having dedicated sections on their website, but disclose very little of value. They’re not small companies either, with Boden turning over almost £400m and The White Company over £200m.

Transparency regulation

I am generally against detailed government regulation. Free markets with effective competition are the most efficient way to run economies. Governments should set some rules, and enforce them, but should otherwise not engage in active industrial strategy. Transparency should be one of those rules.

Co-founder https://console.dev — the best tools for developers. Researching sustainable computing at Uptime Institute. https://davidmytton.blog

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store