Despite its own Sustainability Index, Nasdaq Blacklisted for Lack of Corporate Transparency

A classic case of "Do as we say, not as we do..."

In a terrible twist of irony, Nasdaq (NDAQ), home of the NASDAQ OMX CRD Sustainability 100 Index was one of 58 large coporations 'black-listed' for their lack of transparency on issues related to corporate responsibility. 

Each year, in its well-regarded 100 Best Corporate Citizens list, Corporate Responsibility Magazine doesn't just identify the best.  They also single out those companies who show a complete disregard for disclosure on issues such as the environment, philanthropy, employee relations.

According to the magazine's editor and publisher Dirk Olin, "We track hundreds of data points of transparency for the Best list, but the companies tied for least transparent disclose exactly zero items." To paraphrase another participant, "It's a pretty low bar. Disclose one item and your off the list."

Interestingly, more than half of the black list is occupied by financial firms. Isn't a lack of transparency what got us into this mess in the first place?

C'mon guys... You can do better.

Read more at Matter Network