Exploring the efficacy of EU law concerning payments to governments reports

The EU’s requirements for country-by-country reporting of payments to governments by oil, gas and mining (extractive) and forestry companies consist of the Accounting Directive’s Chapter 10 provisions and the equivalent provisions of the Transparency Directive (collectively ‘the Directives’). The provisions require in-scope companies in the extractive and forestry sectors to publicly report details of payments they make to governments on an annual and per-country basis, including at project level.

To explore the efficacy of the EU law concerning reports on payments to governments, a report was prepared by the STAR Collective, an academic group (of which Sophie Hoozée is a member) from across the EU acting to enhance Social wellbeing through Transparency and Accountability Research.

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