Eurosif supports a mandatory, annual CBCR, for listed companies with data made public to the company’s stakeholders, including investors and shareholders. However, we note two caveats to this support:
- Progressing an ambitious text for the revision of the Shareholder Rights Directive is a priority; Country-by-Country is not a core element of the Directive in our mind and as such, should not be seen as an obstacle to reach a strong compromise;
- In the current economic environment, Eurosif is sensitive to the argument that CBCR might be burdensome and onerous as a policy to implement on all listed companies. We therefore recommend that policy-makers think about ways to focus to alleviate such burden and make recommendations in that direction.