REPORTA 2023 REPORT: CIE AUTOMOTIVE REPEATS SILVER MEDAL, ON THE PODIUM OF BEST ANNUAL REPORTS
November 08, 2023 at 09:47 am EST
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Madrid - Informe Reporta this morning presented the results of the 2023 ranking. This year's podium is made up of Banco Santander (86.4), followed by CIE Automotive (84.5) and Telefonica (80.6).
CIE maintains its second position in this latest edition of the study, which assesses the 2022 Annual Report of companies listed on the Spanish stock exchange, and once again leads both the ranking of non-IBEX 35 companies and that of the Basic Materials, Industry and Construction sector.
It is worth noting the very positive evolution of CIE Automotive's Annual Report, which has moved from 51st position - and a score of 47.6 - in 2014 to enter the top 10 in 2018 and reach 2nd position in 2022 and 2023.
The Reporta Report, which since 2010 has been promoted and coordinated by Deva, the Quum Group's communications agency, analyses the quality of the reports and annual reports that the companies in the Madrid Stock Exchange General Index (IGBM) make available to their shareholders and stakeholders. The overall ranking is obtained from the scores attained by the universe of companies analysed in a total of 36 indicators, grouped into four principles: transparency, commitment, relevance and accessibility. On this occasion, 108 companies were analysed and the average score was 50 points, 2 points higher than the previous year, reaching a new all-time high in terms of score and growth.
CIE Automotive SA is a Spain-based company engaged, through its subsidiaries, in the production of biofuels, as well as in the supply of components and subassemblies for the automotive industry. The Company is also involved in the Information Technology (IT) sector, with the provision of technological solutions for the healthcare, education, sustainability, transport and communications sectors. The Company is a parent of Grupo CIE Automotive, a group which comprises a number of controlled entities with operations established in Spain, Portugal, France, Lithuania, Morocco, Czech Republic, Romania, Brazil, Argentina, China, Russia, Guatemala and Mexico, among others. The Company has such subsidiaries as Global Dominion Access SA, CIE Inversiones e Inmuebles Sociedad Limitada and CIE Berriz Sociedad Limitada, among others. In February 2014, the Company acquired a 50% stake in RS Automotive NV owned by VEP Fund I Holding Cooperatief WA.