Resources

FACT Sheet: Endorsements for Country By Country Reporting

Disclosing key financial information (e.g. profits, revenues, taxes, number of employees, etc.) on a country-by-country basis is essential to better inform taxpayers, investors, policymakers, academics, and other stakeholders. Support for this requirement is widespread, with endorsements from various investors, unions, small business associations, and NGOs. The list can be read below or downloaded here.

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July 8, 2020

Investors managing assets worth more than $2 Trillion:

  • Æquo, Shareholder Engagement Services[8]
  • Bâtirente[8]
  • BMO Global Asset Management [1],[3]
  • Boston Common Asset Management [1],[2],[3],[8]
  • Congregation of Sisters of St. Agnes[8]
  • CorpGov.net[8]
  • Change to Win Investment Group [1],[2],[3]
  • CtW Investment Group[8]
  • Dana Investment Advisors [8]
  • Decatur Capital Management [2]
  • Domini Impact Investments LLC [1],[2],[3],[8]
  • Dominican Sisters ~ Grand Rapids [8]
  • Etica Sgr – Responsible Investments [1],[3],[8]
  • Franciscan Sisters of Perpetual Adoration [1],[3],[8]
  • First Affirmative Financial Network [1],[2],[8]
  • Friends Fiduciary Corporation [1],[2],[8]
  • Harrington Investments, Inc. [1],[2],[8]
  • Illinois State Treasurer’s Office [1]
  • Interfaith Center on Corporate Responsibility [1],[2],[3],[8]
  • Investor Advocates for Social Justice [3]
  • JLens [1],[2],[3]
  • Legal & General Investment Management America [8]
  • Local Authority Pension Fund Forum [1],[3],[8]
  • Maryknoll Fathers and Brothers [1],[2],[3]
  • Maryknoll Sisters [3],[8]
  • Mercy Investment Services, Inc. [8]
  • Middletown Works VEBA [8]
  • Midwest Coalition for Responsible Investment [1]
  • Miller/Howard Investments, Inc. [1],[2],[8]
  • Missionary Oblates/OIPTrust [1],[2],[3],[8]
  • National Education Association [1],[8]
  • Natural Investments [1],[2],[8]
  • Newground Social Investment
  • New York City Office of the Comptroller [1]
  • The New York State Common Retirement Fund [2]
  • NorthStar Asset Management, Inc [8]
  • Northwest Coalition for Responsible Investment [1],[8]
  • Pension Plan for the Employees of the Canadian Labour Congress [1],[8]
  • The Province of Saint Joseph of the Capuchin Order [3],[8]
  • Rathbone Greenbank Investments [1]
  • RRSE (Regroupement pour la Responsabilité Sociale des Entreprises) [8]
  • Reynders, McVeigh Capital Management, LLC [8]
  • Scherman Foundation [2]
  • School Sisters of Notre Dame Cooperative Investment Fund [1]
  • Seventh Generation Interfaith Coalition for Responsible Investment [1],[2],[3],[8]
  • Shareholder Association for Research and Education [1],[8]
  • Sisters of Charity of Saint Elizabeth [1],[2]
  • Sisters of St. Dominic of Caldwell, NJ [1],[2],[8]
  • Sisters of St. Francis of Philadelphia [2],[8],[9]
  • Sisters of the Incarnate Word and Blessed Sacrament[8]
  • Skye Advisors LLC [8]
  • Stewart R. Mott Foundation [1],[2],[8]
  • Sustainalytics [8]
  • The Sustainability Group of Loring, Wolcott & Coolidge [1]
  • Trillium Asset Management [1]
  • Tri-State Coalition for Responsible Investment [1],[2]
  • UAW Retiree Medical Benefits Trust [1],[2],[3]
  • UFCW Pension Plan for Employees [3]
  • UNISON [8]
  • Unitarian Universalist Association [8]
  • Ursuline Sisters of Tildonk, U.S. Province [1]
  • Vision Super Pty Ltd [1],[8]
  • Vert Asset Management [8]
  • Wallace Global Fund [2]
  • Zevin Asset Management [1],[2],[3],[8]

Small Business Groups:

  • American Sustainable Business Council [7]
  • Main Street Alliance [4],[7]
  • National Small Business Network [7]
  • South Carolina Small Business Chamber of Commerce [9]
  • Small Business Majority [7]

Unions:

  • AFL-CIO [1],[2],[3],[4],[6],[8]
  • American Federation of State, County and Municipal Employees (AFSCME) [1],[2],[3],[6],[8]
  • American Federation of Teachers [3]
  • Communications Workers of America (CWA) [6],[8],[9]
  • International Association of Sheet Metal, Air, Rail and Transportation Workers (SMART)[1]
  • International Brotherhood of Electrical Workers [1]
  • International Brotherhood of Teamsters [1],[2],[3],[8],[9]
  •  International Federation of Professional and Technical Engineers [9]
  • International Union, United Automobile, Aerospace and Agricultural Implement Workers of America (UAW) [6],[9]
  • Ircantec [1]
  • Service Employees International Union (SEIU) [9]
  • Union Veterans Council, AFL-CIO [9]
  • UNITE HERE International Union [1],[8]
  • United Auto Workers (UAW) [9]
  • United Food and Commercial Workers International Union Pension Plan for Employees [1]
  • United Steelworkers (USW) [8],[9]

Public Interest Groups:

  • Academics Stand Against Poverty [9]
  • Accountability Lab [9]
  • Advocacy for Principled Action in Government [6],[9]
  • Africa Faith & Justice Network [9]
  • AfricaFocus Bulletin [9]
  • ALTSEAN-Burma [5]
  • American Family Voices [9]
  • Americans for Democratic Action (ADA) [6],[9]
  • Americans for Financial Reform [6],[9]
  • Americans for Tax Fairness [5],[6],[9]
  • Asia Initiatives [5],[9]
  • Campaign for America’s Future [9]
  • Center for American Progress [5],[9]
  • Center for International Environmental Law (CIEL) [6]
  • Center of Concern [4]
  • Center for International Policy [9]
  • Center for Popular Democracy [9]
  • Citizens for Responsibility and Ethics in Washington (CREW)[9]
  • Citizens for Tax Justice [4]
  • Coalition on Human Needs [4]
  • Congregation of Our Lady of the Good Shepherd, U.S. Provinces [6],9
  • Consumer Action[9]
  • Consumer Federation of America [9]
  • Corporate Accountability Lab [9]
  • Crude Accountability [9]
  • Demand Progress [9]
  • Democrats.com [9]
  • EarthRights International [9]
  • Economic Policy Institute [4],[6],9
  • European Network on Debt and Development (Eurodad) [4]
  • Faith Action Network- Washington State [6],9
  • Fair Share [4],[9]
  • Financial Accountability & Corporate Transparency (FACT) Coalition [4],[5],[6],[9]
  • Friends of the Earth U.S. [6],[9]
  • Fund for Constitutional Government [1], [8]
  • Gender Action [6],[9]
  • Global Alliance for Tax Justice [9]
  • Global Financial Integrity [4],[5],[6],[9]
  • Global Justice Program [9]
  • Global Witness [4]
  • Greenpeace USA [6],[9]
  • Health Care for America Now [6],[9]
  • Institute for Policy Studies — Program on Inequality and the Common Good [6],[9]
  • Institute on Taxation and Economic Policy [5],[6],[9]
  • Interfaith Center on Corporate Responsibility [6],[9]
  • International Campaign for Responsible Technology [9]
  • International Corporate Accountability Roundtable [9]
  • International Labor Rights Forum [9]
  • International Rights Advocates [9]
  • Jubilee East Bay [4]
  • Jubilee USA Network [4],[6],[9]
  • Kairos Europe [4]
  • Liberty Shared [9]
  • Main Street Alliance [4]
  • Methodist Tax Justice Network [4]
  • MiningWatch Canada [6],[9]
  • MomsRising [9]
  • National Advocacy Center of the Sisters of the Good Shepherd [6],[9]
  • National Education Association (NEA) [9]
  • National Employment Law Project [9]
  • National Organization for Women [6],[9]
  • NETWORK Lobby for Catholic Social Justice [4],[6][9]
  • New Rules for Global Finance [4][9]
  • Open Contracting Partnership [9]
  • Open the Government [9]
  • Our Revolution [9]
  • Oxfam America [4],[6][8]
  • Patriotic Millionaires [4],[5][6][9]
  • Pax Advisory [9]
  • Peace Education Center [9]
  • Poligon Education Fund [9]
  • Progressive Change Institute [9]
  • Project Blueprint [9]
  • Project Expedite Justice [9]
  • Public Citizen [4],[5],[6][9]
  • Publish What You Pay US [4][9]
  • Revolving Door Project [6][9]
  • RootsAction.org [6][9]
  • Shadow World Investigations [9]
  • Strong Economy for All Coalition [9]
  • Sustentia [9]
  • Take on Wall Street [5],[6][9]
  • Tax Justice Network [4][9]
  • Tax Justice Network – Africa [9]
  • Tax Justice Network-Norway [4]
  • Tax Justice Network-USA [4],[6][9]
  • Tax March [5],[6][9]
  • The Arc of the United States [9]
  • The Shareholder Commons [9]
  • The Society of African Missions, Inc. [9]
  • Transparency International [6]
  • United Cerebral Palsy National [9]
  • United Church of Christ, Justice and Witness Ministries[9]
  • U.S. Public Interest Research Group (PIRG) [4][9]
  • ValueCSR [6]
  • Vienna Institute for International Dialogue and Cooperation (VIDC) [4]
  • Working America [9]

Notes:

[1] “Investors Representing More Than $1Trillion in Assets Under Management Sent A Letter to FASB Supporting Country-by-Country Reporting,” FACT Coalition. May 31, 2019. Available at https://thefactcoalition.org/investors-representing-more-than-1-trillion-in-assets-under-management-sent-a-letter-to-fasb-supporting-country-by-country-reporting/.

[2] “Letter From More Than Two Dozen Institutional Investors in Support of the GRI Exposure Draft on “Tax and Payments to Governments,” FACT Coalition. March 15, 2019. Available at https://thefactcoalition.org/letter-from-more-than-two-dozen-institutional-investors-in-support-of-the-gri-exposure-draft-on-tax-and-payments-to-governments/.

[3] “Investors Send Letter to the OECD in Support of Country-by-Country Reporting,” FACT Coalition. March 6, 2020. Available at https://thefactcoalition.org/investors-send-letter-to-the-oecd-in-support-of-country-by-country-reporting/.

[4] “Letter to FASB from FACT and 26 Other Groups Urging Country-by-Country Reporting,” FACT Coalition. September 30, 2016. Available at https://thefactcoalition.org/letter-fasb-fact-26-groups-urging-country-country-reporting/.

[5] “Letter From NGOs in Support of the GRI Exposure Draft on ‘Tax and Payments to Governments,’” FACT Coalition. March 15, 2019. Available at https://thefactcoalition.org/letter-from-ngos-in-support-of-the-gri-exposure-draft-on-tax-and-payments-to-governments/.

[6] “36 Groups Urge World Leaders to Increase Tax Transparency,” FACT Coalition. March 6, 2020. Available at https://thefactcoalition.org/wp-content/uploads/2020/03/NGO-CbCR-Letter-to-OECD-20200306-FINAL.pdf.

[7] “Small Business Groups Write Letter to the OECD in Support of Increased Tax Transparency,” FACT Coalition. March 6, 2020. Available at https://thefactcoalition.org/small-business-groups-write-letter-to-the-oecd-in-support-of-increased-tax-transparency/.  

[8]“Investor Letter to Congress Urging Public Country-by-Country Reporting (H.R. 5933 / S. 1609)”

[9] “(99) Groups Support Disclosure of Tax Havens and Offshoring Act (H.R. 5933 / S. 1609)”