Publish your company ownership and structure
As more and more countries start to implement company ownership registers, leading companies and investors, such as Natura and Unilever are already taking action and making more information on their structures and ownership publicly available.
Publish your ownership on OpenOwnership. OpenOwnership is the world’s first public global register of beneficial ownership. It collects and connects beneficial ownership datasets and self-disclosed corporate data from around the world, Open Ownership enables companies and investors to see who they are really doing business with. Companies who voluntarily disclose their ownership in this portal distinguish themselves as leaders in transparency and openness. Join business leaders and publish your ownership now on OpenOwnership.org.
- Being transparent about their ownership means companies can build stronger trust with their investors, foster public trust and grow their licence to operate.
- Being transparent about their own ownership means companies can credibly require higher disclosure by anyone wanting to do business with them, building integrity into their supply chains.
- With increasing government requirements around transparency, companies can ensure they stay ahead of the curve and ensure compliance with upcoming legislative changes.
Natura opens up on ownership
In May 2016, Natura Cosmeticos, a Brazilian cosmetics company, published their ownership information in open, structured data. Natura clearly demonstrated their commitment to transparency, and has benefitted from increased trust from consumers, investors, staff and other stakeholders.
Roberta Salvador, then-Director of Legal and Compliance at Natura, explains why this was an important step for the company, “Transparency is one of Natura’s core values. Among our priorities for 2020 is to boost the visibility and transparency of management practices and to ensure integrated reporting of results and impacts. We believe that transparency is what sustains trust over time; it is what allows us to overcome the natural challenges that all relationships are subject to. Consequently, when we faced the opportunity to be more transparent about our company structure, we were profoundly interested in doing so.”
Unilever shines a light on corporate group structure
Unilever, a global fast-moving consumer goods company, took steps this year to disclose more information about the entities within their corporate group in their 2015 Annual Report and Accounts. They have now made this list – which includes the UK and Dutch parent company ownership shares – available in open, structured data. By doing so, Unilever have distinguished themselves and demonstrated that being transparent about company structures and ownership is possible.