2 Amendments of Olle LUDVIGSSON related to 2011/0307(COD)
Amendment 12 #
Proposal for a directive
Recital 7
Recital 7
(7) In order to provide for enhanced transparency of payments made to governments, issuers whose securities are admitted to trading on a regulated market and which have activities in the extractive or logging of primary forest industries should disclose in a separate report on an annual basis payments made to governments in the countries in which they operate. The report should include types of payments comparable to those disclosed under the Extractive Industries Transparency Initiative (EITI) and providebe attached to the annual financial statement and should incorporate disclosures on a country-by- country as well as on a project-by-project basis. The report should provide citizens and civil society with all the information to hold governments of resource-rich countries to account for their receipts from the exploitation of natural resourcesneeded to efficiently hold governments to account for the payments they receive from issuers active within their jurisdiction. As regards issuers active in countries rich in natural resources, the report should include types of payments comparable to those disclosed under the Extractive Industries Transparency Initiative (EITI). The initiative is also complementary to the EU FLEGT Action Plan (Forest Law Enforcement, Governance and Trade) and the Timber Regulation which require traders of timber products to exercise due diligence in order to prevent illegal wood from entering into the EU market. The detailed requirements are defined in Chapter 9 of Directive 2011/.../EU of the European Parliament and of the Council.
Amendment 34 #
Proposal for a directive
Article 1 – paragraph 1 – point 5
Article 1 – paragraph 1 – point 5
Directive 2004/109/EC
Article 6
Article 6
Member States shall require issuers active in the extractive or logging of primary forest industries, as defined in […] to prepare, in accordance with Chapter 9 of Directive 2011/.../EU of the European Parliament and of the Council (*), a report on payments made to governments on an annual basis. The report shall be made public at the latest six months after the end of eachincorporate disclosures on a country-by-country as well as on a project-by-project basis. It shall be attached to the annual financial yearstatement and shall remain publicly available for at least five years. Payments to governments shall be reported at consolidated level.