Top 300 annual reports
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1
Fortum
Full of energy to explain how the company has embarked on the transition towards solar economy. The highly strategic content begins with outstanding key figures and summaries, then flows into a prime example of integrated sustainability reporting. -
2
Electrolux
Not a vacuum. Top-drawer market reviews, financial goals over a business cycle, achievements, analysts' FAQ recap, exchange-rate exposure stand out among the numerous report plus points. -
3
Air Liquide
Robust and worth exploring. The gas giant makes its report a real gas, both in HTML and PDF/printed format. A long yet well-structured Registration Document supplements, also on responsibility. -
4
Danone
A true example of highly engaging and reader-friendly online report. Openness serves an Economic and Social Report that means what it says and is very rich in content. A detailed sustainability report comes along. -
7
BASF
All the report charts and graphs can be watched online at a glance. This is one of the many facilities of an ausgezeichnet online report. But the new chairman's letter is a bit kurz. -
10
Michelin
Powerfully branded, played dynamically, driven responsibly: a well-managed and highly informative document. -
15
Boliden
As solid as metal and substantial as minerals: business areas and model, market and income components, industry-specific concepts are made intelligible and packaged to be grasped even by unaware readers. -
19
Stora Enso
Reporting way (a bit) rethought in magazine style to strengthen the content which can be found in an annual where best-in-class share information comes first. Excellent Global Responsibility Report, too. -
20
Daiwa House
A CEO message that is elevating is not commonplace. Conveyed with breathtaking pictures, it precedes a report striking a very good balance between vision and execution. -
26
Novartis
Superb black and white photography livens up a good yet conventionally formatted content. -
32
Xstrata
Evolution of strategy since IPO clearly explained in a substantial CEO strategic review. Well-defined KPIs too. How would a takeover affect future reports? -
33
Deutsche Post DHL
Very well packaged yet rather heavy report, both in print and in its express online version, which is easiest to navigate through from the stripped-down homescreen. -
35
Fujitsu
The introduction smartly shaped with diagrams helps getting the Vision, explained in depth in a Q&A with the president. Explained key figures, a CFO statement, and a comprehensive business report make up sound annuals. -
46
Statoil
Not so many annuals, and not only in the energy sector, start by giving external views, even disagreeing. But digging into so many documents doesn't make it easy to get the whole year review. -
49
Volkswagen
With 430 pages it hardly files as a subcompact reporting model. But the storytelling about D(r)iversity makes it clear about the group's ambition. Mind an almost ironic reference to Glenn Miller (not exactly singing to VW's tune in 1941) and, more seriously, the special meaning of governance in Wolfsburg. -
63
Panasonic
Steps have been taken to improve PC screen readability. Some say it, this report makes it. -
65
M&S (Marks & Spencer)
A well-served review of businesses. Board and committees' activities and effectiveness carefully checked (spot the risk radar here). -
73
Siemens
Case studies about sustainable cities are worth reading, as well as other sections including a thorough MD&A, but both the almost 400-page printed version and the online one are heavy going. -
83
Pacific Basin
Holds water: How We Run Our Business is a model of strategic clarity that sets out business drivers, KPIs, objectives, and principal risks. All on a two-page spread reachable in the report introduction. -
85
AstraZeneca
Life-cycle of a medicine mapped intelligibly. Performance thorougly compared with strategy -which is a bit all-embracing, though. -
95
Inditex
Sustainability balance sheet pages recapitulate and chart a large number of indicators. -
102
Toyota
Past the cloudy cover, a compact reporting vehicle including, among others, the special feature about the company's Safety Technology is worthy of note. Note also a special message from the VP in charge of Accounting. -
116
British American Tobacco
Beyond the smoke signal about shareholder value, strategy and KPIs are finely defined and assessed. Governance ranks among best practice, but Responsibility business measures bizarrely overlook product stewardship indicators. -
117
RWE
Smartly woven introduction about Smart Energy. Then follows a well-structured and informative (e.g. on value management, outlook) yet very conventional German report without any breather. -
128
Cermaq
Convenient: a GRI navigator is provided for the online version. A pity that some other key (report) ingredients are not fully up to that. -
132
Cenovus Energy
Simple but effective messaging and visual thread. MD&A put in plain language. -
167
Anheuser-Busch Inbev
Beer is the original social network, boldly states the brewer whose report design and branding has been taken over by U.S. Buds. A refreshing change, yet falling into the social media hype and delivering normalized (sic) financials. -
172
Dr. Reddy’s Laboratories
A laudable effort to demonstrate how Affordability and Sustainability are twisted together. -
179
ExxonMobil
Energetic Summary Annual Report, richly fueled with pictures, facts, figures, charts, as well as home truths and big oil clichés. The financial report is much cruder. -
187
LVMH
Photographic artwork crafted with style, but lacks financial substance and performance analylisis. -
189
Estée Lauder
Fifth Avenue glossy style, strongly branded with a decent review of businesses. -
194
Konica Minolta
Another online-only report, but this one mainly consists of a snapshot. The additional responsibility report gives a broader perspective, though. -
195
Kemira
Online only doesn't fully hold water here. A full PDF download is much needed to know what business is about, and this takes almost 400 pages. -
207
Bonduelle
Each section is introduced with a testimonial from outside. Design makes it more than digestible (with edible charts too). But financials lag behind. -
247
General Mills
Generally acceptable: less of the run-of-the-mill 10-K and well-branded. Claiming to have a portfolio built for global growth is nevertheless not really original these days. -
261
Xerox
A Letter to Shareholders that really delivers. What follows looks more like must do work, even if it doesn't fall into the standardized 10-K format. -
268
Coca-Cola
The Board and Warren Buffett are still running on soft drinks but the Annual Review is not that refreshingly different from the past ones. And the separate 10-K is just flavorless. -
300
Pirelli
The web annual homepage includes a growth meter featuring various key charts. The report itself is a bit wheels within wheels and not designed in the famous calendar style. -
N/R
Fiat
Built in Iveco-truck style. 400 pages (of which more than 200 made of notes to statements), a one-column chassis and a structure that doesn't make the reading drive easy. -
N/R
General Motors
No vision and no motion here, just the old report as a necessary evil, which may surprise from the new GM. -
N/R
Hindalco Industries
How many annuals run so many (well-selected) ratios after just a few pages? Not a lot. But makers and designers should polish up their act to make the whole appealing. -
N/R
IBM
Big Blue's reporting heyday is long gone. The company may be fundamentally different, the reporting model hasn't changed for years -and the online content is surprisingly banal for an IT leader. -
N/R
Indian Oil
Certainly one of the least reachable reports on websites. The book itself is crude material. -
N/R
Kellogg
HTML version is recommended? Why? If the Letter to Shareowners is no waffle, the business overview lacks meat, and financials are as indigestible online as on paper. -
N/R
Monsanto
No room for reporting innovation here, just another tedious 10-K wrapped with a few advertorials. -
N/R
Nippon Steel
Steel-making flow intelligibly charted, but the financial review has been ironed and governance is a thin sheet. -
N/R
Suzlon Energy
No real wind of change in reporting here. And section two doesn't get a second wind, despite a decent MD&A. -
N/R
Weyerhaeuser
Half-timbered 10-K built within the legal framework yet arranged and charted to be more intelligible, also for the notes. -
N/R
Wipro
Introductory statements are not really up to the cover's promise and not supported with facts. And too many (short) messages spoil it. -
N/R
Yell
A positive yell for a clear risk report and high transparency on remuneration. But the book design doesn't ring with creativity.
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| Report rank | Company | Country | Report rating | Compare |
|---|---|---|---|---|
| 1 | FORTUM | Finland | A+ | VATTENFALL |
| 2 | ELECTROLUX | Sweden | A+ | WHIRLPOOL |
| 3 | AIR LIQUIDE | France | A+ | LINDE |
| 4 | DANONE | France | A+ | NESTLE |
| 5 | AKZONOBEL | Netherlands | A+ | DUPONT |
| 6 | LAND SECURITIES | UK | A | BRITISH LAND |
| 7 | BASF | Germany | A | DOW Chemical |
| 8 | SASOL | South Africa | A | RELIANCE Industries |
| 9 | SAS | Sweden | A | LUFTHANSA |
| 10 | MICHELIN | France | A | BRIDGESTONE |
| 11 | WÄRTSILÄ | Finland | A | MAN |
| 12 | SCA | Sweden | A | KIMBERLY-CLARK |
| 13 | VOLVO | Sweden | A | DAIMLER |
| 14 | TELUS | Canada | A | BCE |
| 15 | BOLIDEN | Sweden | A | XSTRATA |
| 16 | METSO | Finland | A | ABB |
| 17 | BILLERUD | Sweden | A | SCA |
| 18 | PHILIPS | Netherlands | A | GENERAL ELECTRIC |
| 19 | STORA ENSO | Finland | A | UPM |
| 20 | DAIWA HOUSE | Japan | A | SHIMIZU |
| 21 | SKANSKA | Sweden | A- | VINCI |
| 22 | LUFTHANSA | Germany | A- | AIR FRANCE-KLM |
| 23 | ERICSSON | Sweden | A- | ALCATEL-LUCENT |
| 24 | CLP | Hong Kong | A- | POWER ASSETS |
| 25 | ALFA LAVAL | Sweden | A- | TRELLEBORG |
| 26 | NOVARTIS | Switzerland | A- | ROCHE |
| 27 | TRELLEBORG | Sweden | A- | BRIDGESTONE |
| 28 | WIENERBERGER | Austria | A- | BORAL |
| 29 | BAYER | Germany | A- | BASF |
| 30 | WPP | Ireland | A- | PUBLICIS |
| 31 | SWEDISH MATCH | Sweden | A- | IMPERIAL TOBACCO |
| 32 | XSTRATA | Switzerland-UK | A- | BHP BILLITON |
| 33 | DEUTSCHE POST DHL | Germany | A- | UPS |
| 34 | SKF | Sweden | A- | MINEBEA |
| 35 | FUJITSU | Japan | A- | IBM |
| 36 | VATTENFALL | Sweden | A- | FORTUM |
| 37 | ADIDAS | Germany | A- | NIKE |
| 38 | LINDAB | Sweden | B+ | ROCKWOOL |
| 39 | HOLMEN | Sweden | B+ | NORSKE SKOG |
| 40 | POTASHCORP | Canada | B+ | AGRIUM |
| 41 | SEB | France | B+ | PHILIPS |
| 42 | BOMBARDIER | Canada | B+ | ALSTOM |
| 43 | INFINEON Technologies | Germany | B+ | STMicroelectronics |
| 44 | SECURITAS | Sweden | B+ | G4S |
| 45 | ACCOR | France | B+ | IHG (InterContinental Hotels) |
| 46 | STATOIL | Norway | B+ | TOTAL |
| 47 | PERNOD RICARD | France | B+ | DIAGEO |
| 48 | TELEKOM AUSTRIA | Austria | B+ | DEUTSCHE TELEKOM |
| 49 | VOLKSWAGEN | Germany | B+ | TOYOTA |
| 50 | EVN | Austria | B+ | VATTENFALL |
| 51 | METRO | Germany | B+ | CARREFOUR |
| 52 | WOLSELEY | UK-Switzerland | B+ | KINGFISHER |
| 53 | LINDE | Germany | B+ | AIR LIQUIDE |
| 54 | YARA | Norway | B+ | POTASHCORP |
| 55 | SAINT-GOBAIN | France | B+ | AGC (Asahi Glass) |
| 56 | TORAY | Japan | B+ | TEIJIN |
| 57 | THYSSENKRUPP | Germany | B+ | ARCELORMITTAL |
| 58 | RANDSTAD | Netherlands | B+ | ADECCO |
| 59 | DAIMLER | Germany | B+ | VOLKSWAGEN |
| 60 | ROCHE | Switzerland | B+ | NOVARTIS |
| 61 | LANXESS | Germany | B+ | ARKEMA |
| 62 | HUSQVARNA | Sweden | B+ | ELECTROLUX |
| 63 | PANASONIC | Japan | B+ | SONY |
| 64 | CONCORDIA Maritime | Sweden | B+ | MAERSK (A.P. Moller - Maersk) |
| 65 | M&S (Marks & Spencer) | UK | B+ | H&M (Hennes & Mauritz) |
| 66 | ASSA ABLOY | Sweden | B+ | SECURITAS |
| 67 | WOLTERS KLUWER | Netherlands | B+ | REED ELSEVIER |
| 68 | IHG (InterContinental Hotels) | UK | B+ | ACCOR |
| 69 | CORIO | Netherlands | B+ | UNIBAIL-RODAMCO |
| 70 | ANGLO AMERICAN | UK | B+ | BHP BILLITON |
| 71 | NOVO NORDISK | Denmark | B+ | LILLY (Eli Lilly) |
| 72 | ANA (All Nippon Airways) | Japan | B+ | SINGAPORE AIRLINES |
| 73 | SIEMENS | Germany | B+ | ABB |
| 74 | SABMILLER | UK | B+ | ANHEUSER-BUSCH INBEV |
| 75 | KESKO | Finland | B+ | AXFOOD |
| 76 | HENKEL | Germany | B+ | UNILEVER |
| 77 | GFK | Germany | B+ | WPP |
| 78 | TESCO | UK | B+ | J SAINSBURY |
| 79 | SAPPI | South Africa | B+ | STORA ENSO |
| 80 | ITOCHU | Japan | B+ | MITSUBISHI |
| 81 | NATIONAL GRID | UK | B+ | SSE (Scottish and Southern Energy) |
| 82 | ATLAS COPCO | Sweden | B+ | SANDVIK |
| 83 | PACIFIC BASIN | Hong Kong | B+ | EVERGREEN |
| 84 | AGRIUM | Canada | B+ | POTASHCORP |
| 85 | ASTRAZENECA | UK | B+ | GSK (GlaxoSmithKline) |
| 86 | EDF | France | B+ | GDF SUEZ |
| 87 | BELGACOM | Belgium | B+ | KPN |
| 88 | LUNDBECK | Denmark | B+ | NOVO NORDISK |
| 89 | RENAULT | France | B+ | PSA PEUGEOT CITROEN |
| 90 | SOLVAY | Belgium | B+ | UCB |
| 91 | CASCADES | Canada | B+ | DOMTAR |
| 92 | ASSOCIATED BRITISH FOODS | UK | B+ | TATE & LYLE |
| 93 | FINNAIR | Finland | B+ | SAS |
| 94 | TEIJIN | Japan | B+ | TORAY |
| 95 | INDITEX | Spain | B+ | H&M (Hennes & Mauritz) |
| 96 | HEINEKEN | Netherlands | B+ | CARLSBERG |
| 97 | SHISEIDO | Japan | B+ | KAO |
| 98 | PEARSON | UK | B+ | McGRAW-HILL |
| 99 | DELHAIZE | Belgium | B+ | AHOLD |
| 100 | NOBEL BIOCARE | Switzerland | B+ | STRAUMANN |
| 101 | AXFOOD | Sweden | B+ | KESKO |
| 102 | TOYOTA | Japan | B+ | HONDA |
| 103 | AUTOLIV | Sweden-U.S. | B+ | DENSO |
| 104 | MARUBENI | Japan | B+ | ITOCHU |
| 105 | DIAGEO | UK | B+ | PERNOD RICARD |
| 106 | OMRON | Japan | B+ | HONEYWELL |
| 107 | STRABAG | Austria | B+ | HOCHTIEF |
| 108 | ASAHI BREWERIES | Japan | B+ | SAPPORO |
| 109 | TAKEDA Pharmaceutical | Japan | B+ | ASTELLAS Pharma |
| 110 | SANDVIK | Sweden | B+ | ATLAS COPCO |
| 111 | DSM | Netherlands | B+ | AKZONOBEL |
| 112 | HEIDELBERG | Germany | B+ | BALDWIN Technology |
| 113 | HITACHI METALS | Japan | B+ | MITSUBISHI |
| 114 | MVV ENERGIE | Germany | B+ | RWE |
| 115 | UPM | Finland | B+ | STORA ENSO |
| 116 | BRITISH AMERICAN TOBACCO | UK | B+ | IMPERIAL TOBACCO |
| 117 | RWE | Germany | B+ | E.ON |
| 118 | ARKEMA | France | B+ | LANXESS |
| 119 | ROLLS-ROYCE | UK | B+ | GENERAL ELECTRIC |
| 120 | ROYAL DUTCH SHELL | Netherlands-UK | B+ | BP |
| 121 | L'OREAL | France | B+ | ESTEE LAUDER |
| 122 | RTL | Luxembourg | B+ | NEWS Corporation |
| 123 | SCHNEIDER Electric | France | B+ | ABB |
| 124 | REE | Spain | B+ | REN |
| 125 | CASINO (Guichard-Perrachon) | France | B+ | AUCHAN |
| 126 | DIMO (Diesel & Motor Engineering) | Sri Lanka | B+ | BARLOWORLD |
| 127 | NEXANS | France | B+ | LEONI |
| 128 | CERMAQ | Norway | B+ | NUTRECO |
| 129 | ESSILOR | France | B+ | ALLERGAN |
| 130 | FAST RETAILING | Japan | B+ | H&M (Hennes & Mauritz) |
| 131 | WESSANEN | Netherlands | B+ | BONDUELLE |
| 132 | CENOVUS Energy | Canada | B+ | CANADIAN NATURAL Resources |
| 133 | UMICORE | Belgium | B+ | JOHNSON MATTHEY |
| 134 | AHOLD | Netherlands | B+ | DELHAIZE |
| 135 | HYDRO-QUEBEC | Canada | B+ | TRANSALTA |
| 136 | AUDI | Germany | B+ | BMW |
| 137 | ARCELORMITTAL | Luxembourg | B+ | NIPPON STEEL |
| 138 | BRITISH LAND | UK | B+ | LAND SECURITIES |
| 139 | HOLCIM | Switzerland | B+ | LAFARGE |
| 140 | MERCK KGaA | Germany | B+ | BAYER |
| 141 | STRAUMANN | Switzerland | B+ | NOBEL BIOCARE |
| 142 | MACINTOSH Retail | Netherlands | B+ | KESKO |
| 143 | ADECCO | Switzerland | B+ | RANDSTAD |
| 144 | CONTINENTAL | Germany | B+ | PIRELLI |
| 145 | SODEXO | France | B+ | COMPASS |
| 146 | OUTOKUMPU | Finland | B+ | ACERINOX |
| 147 | NESTE OIL | Finland | B+ | STATOIL |
| 148 | WOOLWORTHS | Australia | B+ | WESFARMERS |
| 149 | GSK (GlaxoSmithKline) | UK | B+ | PFIZER |
| 150 | REXAM | UK | B+ | AMCOR |
| 151 | MITSUBISHI | Japan | B+ | ITOCHU |
| 152 | NESTLE | Switzerland | B+ | DANONE |
| 153 | BG | UK | B+ | CENTRICA |
| 154 | HEIDELBERGCEMENT | Germany | B | HOLCIM |
| 155 | NEXEN | Canada | B | SUNCOR Energy |
| 156 | ALLIANDER | Netherlands | B | DONG Energy |
| 157 | PROCTER & GAMBLE | U.S. | B | UNILEVER |
| 158 | AIR FRANCE-KLM | France | B | LUFTHANSA |
| 159 | VALLOUREC | France | B | TATA Steel |
| 160 | COMPASS | UK | B | SODEXO |
| 161 | CENTRICA | UK | B | BG |
| 162 | VINCI | France | B | BOUYGUES |
| 163 | POSTNORD | Sweden-Denmark | B | POSTNL |
| 164 | SANOFI | France | B | NOVARTIS |
| 165 | PEPSICO | U.S. | B | COCA-COLA |
| 166 | REZIDOR Hotel | Belgium-Sweden | B | ACCOR |
| 167 | ANHEUSER-BUSCH INBEV | Belgium | B | HEINEKEN |
| 168 | YAMAHA | Japan | B | SONY |
| 169 | JOHNSON MATTHEY | UK | B | UMICORE |
| 170 | GDF SUEZ | France | B | EDF |
| 171 | EDP (Energias de Portugal) | Portugal | B | IBERDROLA |
| 172 | DR. REDDY'S Laboratories | India | B | RANBAXY Laboratories |
| 173 | TATE & LYLE | UK | B | ASSOCIATED BRITISH FOODS |
| 174 | NUTRECO | Netherlands | B | CERMAQ |
| 175 | NYRSTAR | Belgium | B | UMICORE |
| 176 | SEMPERIT | Austria | B | BD (Becton Dickinson) |
| 177 | JX | Japan | B | COSMO Oil |
| 178 | ROGERS Communications | Canada | B | TELUS |
| 179 | EXXONMOBIL | U.S. | B | ROYAL DUTCH SHELL |
| 180 | HONDA | Japan | B | TOYOTA |
| 181 | SUMITOMO Chemical | Japan | B | MITSUBISHI Chemical |
| 182 | SSE (Scottish and Southern Energy) | UK | B | CENTRICA |
| 183 | UNILEVER | Netherlands-UK | B | PROCTER & GAMBLE |
| 184 | VODAFONE | UK | B | CHINA MOBILE |
| 185 | MAN | Germany | B | DAIMLER |
| 186 | BARLOWORLD | South Africa | B | KOMATSU |
| 187 | LVMH | France | B | PPR |
| 188 | H&M (Hennes & Mauritz) | Sweden | B | INDITEX |
| 189 | ESTEE LAUDER | U.S. | B | AVON Products |
| 190 | CATERPILLAR | U.S. | B | KOMATSU |
| 191 | RIO TINTO | Australia-UK | B | BHP BILLITON |
| 192 | BOUYGUES | France | B | VINCI |
| 193 | NOVOZYMES | Denmark | B | DSM |
| 194 | KONICA MINOLTA | Japan | B | CANON |
| 195 | KEMIRA | Finland | B | DOW Chemical |
| 196 | TALISMAN Energy | Canada | B | APACHE |
| 197 | SAP | Germany | B | ORACLE |
| 198 | KINGFISHER | UK | B | WOLSELEY |
| 199 | THOMAS COOK | UK | B | TUI |
| 200 | JAPAN TOBACCO | Japan | B | BRITISH AMERICAN TOBACCO |
| 201 | KOMATSU | Japan | B | CATERPILLAR |
| 202 | ARLA | Sweden | B | DANONE |
| 203 | ASTELLAS Pharma | Japan | B | TAKEDA Pharmaceutical |
| 204 | ABB | Switzerland | B | SIEMENS |
| 205 | BEKAERT | Belgium | B | NHK Spring |
| 206 | ENCANA | Canada | B | CANADIAN NATURAL |
| 207 | BONDUELLE | France | B | WESSANEN |
| 208 | TDC | Denmark | B | TELIASONERA |
| 209 | CRAMO | Finland | B | SPEEDY HIRE |
| 210 | DONG Energy | Denmark | B | VATTENFALL |
| 211 | TOSHIBA | Japan | B | FUJITSU |
| 212 | HOCHTIEF | Germany | B | ACS |
| 213 | IOI | Malaysia | B | SIME DARBY |
| 214 | SUMITOMO | Japan | B | MITSUBISHI |
| 215 | NTT | Japan | B | CHINA TELECOM |
| 216 | FUJIFILM | Japan | B | KODAK (Eastman) |
| 217 | BARRICK | Canada | B | ANGLOGOLD ASHANTI |
| 218 | TRANSALTA | Canada | B | HYDRO-QUEBEC |
| 219 | ACS | Spain | B | HOCHTIEF |
| 220 | G4S | UK | B | SECURITAS |
| 221 | TOTAL | France | B | BP |
| 222 | ADARO Energy | Indonesia | B | BUMI Resources |
| 223 | PSA PEUGEOT CITROEN | France | B | RENAULT |
| 224 | ABBOTT | U.S. | B | MERCK |
| 225 | CIC | Sri Lanka | B | SYNGENTA |
| 226 | NEXT Media | Hong Kong | B | SPH (Singapore Press) |
| 227 | UNITED TECHNOLOGIES | U.S. | B | GENERAL ELECTRIC |
| 228 | ENTERGY | U.S. | B | EDISON |
| 229 | VEOLIA Environnement | France | B | GDF SUEZ |
| 230 | KAO | Japan | B | SHISEIDO |
| 231 | SAGE | UK | B | SAP |
| 232 | REED ELSEVIER | UK-Netherlands | B | WOLTERS KLUWER |
| 233 | SYNGENTA | Switzerland | B | MONSANTO |
| 234 | UNIBAIL-RODAMCO | France | B | LAND SECURITIES |
| 235 | KUEHNE + NAGEL | Switzerland | B | DEUTSCHE POST DHL |
| 236 | FOSTER'S | Australia | B | SABMILLER |
| 237 | IAG (International Airlines) | UK-Spain | B | AIR FRANCE-KLM |
| 238 | SINGTEL | Singapore | B | VODAFONE |
| 239 | CHINA TELECOM | China | B | CHINA MOBILE |
| 240 | RANBAXY Laboratories | India | B | DR. REDDY'S Laboratories |
| 241 | ENIRO | Sweden | B | YELL |
| 242 | OMV | Austria | B | MOL |
| 243 | BMW | Germany | B | AUDI |
| 244 | INNERGEX | Canada | B | HYDRO-QUEBEC |
| 245 | LOBLAW | Canada | B | WOOLWORTHS |
| 246 | DOW Chemical | U.S. | B | DUPONT |
| 247 | COSMO Oil | Japan | B | JX |
| 248 | CONOCOPHILLIPS | U.S. | B | CHEVRON |
| 249 | GENERAL MILLS | U.S. | B | KELLOGG |
| 250 | BP | UK | B | ROYAL DUTCH SHELL |
| 251 | METSÄ BOARD | Finland | B | STORA ENSO |
| 252 | LAFARGE | France | B | SAINT-GOBAIN |
| 253 | DEUTSCHE TELEKOM | Germany | B | FRANCE TELECOM-ORANGE |
| 254 | BHP BILLITON | Australia-UK | B | RIO TINTO |
| 255 | IMPERIAL TOBACCO | UK | B | BRITISH AMERICAN TOBACCO |
| 256 | TUI | Germany | B | THOMAS COOK |
| 257 | JKH (John Keells) | Sri Lanka | B | SWIRE PACIFIC |
| 258 | DOCOMO (NTT Docomo) | Japan | B | NTT |
| 259 | DUKE ENERGY | U.S. | B | EDISON |
| 260 | CAMECO | Canada | B | AREVA |
| 261 | XEROX | U.S. | B | CANON |
| 262 | FRESENIUS | Germany | B | BAXTER |
| 263 | HUSKY Energy | Canada | B | SUNCOR Energy |
| 264 | BT | UK | B | VODAFONE |
| 265 | CANADIAN NATURAL | Canada | B | ENCANA |
| 266 | JOHNSON & JOHNSON | U.S. | B | PFIZER |
| 267 | WHIRLPOOL | U.S. | B | ELECTROLUX |
| 268 | COCA-COLA | U.S. | B | PEPSICO |
| 269 | FEDEX | U.S. | B | UPS |
| 270 | BURBERRY | UK | B | M&S (Marks & Spencer) |
| 271 | PUMA | Germany | B | ADIDAS |
| 272 | GENERAL ELECTRIC | U.S. | B | SIEMENS |
| 273 | TNB (Tenaga Nasional) | Malaysia | B | CLP |
| 274 | UCB | Belgium | B | SOLVAY |
| 275 | SARA LEE | U.S. | B- | CONAGRA FOODS |
| 276 | TATA Steel | India | B- | ARCELORMITTAL |
| 277 | DOMTAR | Canada | B- | CASCADES |
| 278 | PETRONAS | Malaysia | B- | SABIC |
| 279 | SCHINDLER | Switzerland | B- | KONE |
| 280 | MEDTRONIC | U.S. | B- | BAXTER |
| 281 | CANON | Japan | B- | XEROX |
| 282 | DAIICHI SANKYO | Japan | B- | TAKEDA Pharmaceutical |
| 283 | BERTELSMANN | Germany | B- | RTL |
| 284 | NORSKE SKOG | Norway | B- | HOLMEN |
| 285 | SHARP | Japan | B- | PANASONIC |
| 286 | SPEEDY HIRE | UK | B- | CRAMO |
| 287 | J SAINSBURY | UK | B- | TESCO |
| 288 | SWISSCOM | Switzerland | B- | TELECOM ITALIA |
| 289 | DENSO | Japan | B- | JOHNSON CONTROLS |
| 290 | TELIASONERA | Sweden | B- | TELENOR |
| 291 | SHANKS | UK | B- | WASTE MANAGEMENT |
| 292 | PTT | Thailand | B- | PETRONAS |
| 293 | INFOSYS Technologies | India | B- | TCS (Tata Consultancy Services) |
| 294 | MONDI | UK-South Africa | B- | HOLMEN |
| 295 | KPN | Netherlands | B- | BELGACOM |
| 296 | PPR | France | B- | LVMH |
| 297 | BRISTOL-MYERS SQUIBB | U.S. | B- | LILLY (Eli Lilly) |
| 298 | POWER ASSETS | Hong Kong | B- | CLP |
| 299 | WHITBREAD | UK | B- | ACCOR |
| 300 | PIRELLI | Italy | B- | MICHELIN |