The fifth edition of Informe Reporta was published in November. It is a report that analyses the financial reporting standards of listed companies in Spain. The document looks at and compares the quality of the information disclosed by these companies.
In 2014, our 2013 Integrated Report saw our rating out of the 105 listed Spanish companies go up one place to 34th position. Moreover, we have now been placed in seventh position out of the top 10 companies that do not form part of the IBEX 35 benchmark index – a group to which we have belonged since 2010 – and fifth place in the Basic Materials and Industry category, which has 21 companies.
The report also helps us to identify any aspects of our business that should be improved. According to the report’s findings, “Fluidra went up two places in its sector rating, despite the imbalance between its thorough reporting of ESG indicators and the lack of details in its financial information”. Indeed, we wish to make headway on the latter point during the next business year.
It should also be highlighted that we were singled out with a special mention for our best practices in the risk management category.
Finally, the report’s conclusions recognised our good work: “Despite the fact that the IBEX 35 companies have once again made a clean sweep in the ratings – nine of them are in the Top 10 – Informe Reporta 2014 has again noted that the quality of reporting is not directly proportional to the size or market share of a company. There are companies such as REALIA, Abengoa, Fluidra and Iberpapel whose standard of reporting is higher than some of the members of the prestigious benchmark index.