Open data can unravel the complex dealings of multinationals
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.