Best annual reports 2017 - Industry rankings updated

Property & Construction


Rated

ACS Spain B+
Altarea Cogedim France B
Balfour Beatty UK B
Bilfinger Germany B
Bonava Sweden B+
Bouygues France B
British Land UK B+
Buwog Austria B+
Daiwa House Japan A-
Fluor U.S. B
Hammerson UK B+
Hochtief Germany B+
Hundai Engineering & Construction South Korea C+
Immofinanz Austria B-
JM Sweden A-
Klepierre France B+
Land Securities UK A-
Lemminkäinen Finland B+
Mobimo Switzerland B
Segro UK A-
Sekisui House Japan C-
Shimizu Japan C+
Skanska Sweden A
Spie France B-
Strabag Austria A-
Swiss Prime Site Switzerland B+
Unibail-Rodamco France B+
Vinci France B+
Vingroup Vietnam B-


Ranked

Skanska Sweden A
Land Securities UK A-
Daiwa House Japan A-
Strabag Austria A-
Segro UK A-
JM Sweden A-
Unibail-Rodamco France B+
Lemminkäinen Finland B+
British Land UK B+
ACS Spain B+
Bonava Sweden B+
Buwog Austria B+
Hochtief Germany B+
Hammerson UK B+
Klepierre France B+
Swiss Prime Site Switzerland B+
Vinci France B+
Balfour Beatty UK B
Altarea Cogedim France B
Bilfinger Germany B
Fluor U.S. B
Bouygues France B
Mobimo Switzerland B
Immofinanz Austria B-
Spie France B-
Vingroup Vietnam B-
Shimizu Japan C+
Hundai Engineering & Construction South Korea C+
Sekisui House Japan C-


Compared


Benchmarked


Noticed

ACS

Well-illustrated, well-charted, well-built, and well-integrated reporting exercise.


Altarea Cogedim

Smartly designed and well-built report. The heavy 320-page Registration Document is needed to know more, also about CSR, which is covered with care.


Bilfinger

A German report as usual, neither worse nor better, i.e. informative but heavy going (about 300 pages without any illustration).


Bouygues

Overdiversified and overloaded.


British Land

Our objective is to deliver sustainable long term value for all stakeholders (sic). Besides this now hackneyed phrase -among a few other clichés- a report that delivers in some areas, such as financial policies and principles, risk management, and governance matters (useful glossary, too).


Buwog

Executive Board members discuss the business model, strategic changes and objectives. The blend of sketches and photos nicely weave the otherwise very long book.


Hammerson

A quite detailed list of Additional disclosures, including rental information, top tenants, valuation.


Immofinanz

Lack of read appeal, but good degree of transparency over financing.


Lemminkäinen

The online snapshot is fine -with a business model made clear- yet not making it easiest to connect the dots among valuable contents. Downloadable information is scattered too.


Mobimo

Comprehensive key figures, key bond data, a quick overview of the portfolio do their job. But the performance, risk and business model reviews look a bit like bricks without sufficient straw.


Segro

Rock-solid governance report -check e.g. the Audit Committee... and Independent Auditor’s reports, the Remuneration Policy table et al.- follows a well-balanced and nicely charted book telling much about market drivers, operations, assets and places.


Skanska

Clear financial targets. Fine overview of risk and opportunity management. Finely charted market overview, business streams, projects, etc. Comprehensive historical data including a batch of (well-defined) ratios.


Strabag

A bold way to deal with a surprising Reverse thinking theme. Despite its more conventional style, a rock-solid review of business areas and financial performance. Targets for measures of strategy’s success checked for last two years. Clever strategic principles for the management of risks and opportunities.


Unibail-Rodamco

A commendable attempt to integrate sustainability issues –without neglecting the metrics (check e.g. energy-related tables). Despite its 428 pages, it doesn’t make a tedious read thanks to the nice design work.


Vinci

Nice intro made up of charts then of photos before getting down to a long yet well-structured 350-page book.


Vingroup

Laudable efforts on clarity, sustainability and governance from a leading Vietnamese property developer and retailer.


What's your score?

What is your report total score compared to your industry peers?

The price? £ 260 or € 300 or US$ 350.
E-mail your order and invoicing references to: e.com@reportwatch.net


Know the score

Know the detailed score breakdown for all your rated industry peers.

The price? £ 780 or € 900 or US$ 1,050.
E-mail your order and invoicing references to: e.com@reportwatch.net



Report benchmarking services by e.com

e.com provides report evaluation tools and reporting assessment services to help companies strive for higher reporting standards.

The bottom lines:

  • Mirror company value
  • Show investor value
  • Enhance report value
  • Increase stakeholder value

For a complete list of services and prices go to www.reportwatch.net/e-com/making-reports-pay-off/
For more details, service information, or placing an order, e-mail to: e.com@reportwatch.net


Q: What are the major plus and minus points in the annual report?

Quick scan A: A Quick Scan answers.
Benefit: A brief rundown of strong and weak points of the PDF or HTML report (sent via email only).

Q: What are the strengths and weaknesses of the latest annual report?

Report scan A: A Report Scan sums up.
Benefit: A scan of how report items match the 25 evaluation criteria used for the Annual Report on Annual Reports.

Q: How does the report compare with industry peers, best practice, or investment alternatives?

Peer Group Benchmarking A: : A Peer Group Benchmarking gauges.
Benefit: Benchmarks and rates a report against a peer group on all major report areas and indicators –with an aggregate scorecard and tips.