Groups like OpenOil and Sourcemap could be the beginnings of an alternative accounting system that helps investors make sense of global businesses
If you are a socially conscious investor trying to build a holistic picture of BP’s operations, where do you turn to? Despite appearing to the public as a single entity, a corporation like BP is actually a network of more than 1,000 separate subsidiary companies operating a sprawling web of assets across the world.
The sheer amount of data generated from operations is too great for the average investor to check.
Related: What are the business benefits of being more transparent?
During the recent conflicts in Yemen we had a sudden spike in downloads of our Yemeni oil contract information
Related: Do we still need boycotts when you can send an angry tweet?