Afep publishes the results of its annual survey confirming large companies’ importance in the French economy: 102 companies contribute to 14% of the added value created in France and hire 2.3 million employees (13% of the employees of the private sector).

In a context of increasing trade tensions and technological changes that deeply modify international trade, Afep made a survey on large French companies ‘ priorities for the update of the EU trade policy to be made at the beginning of the new European Parliament and Commission’s term.

The OECD’s work on the digitalisation of the economy is expected to remodel the ground principles governing international taxation. With the new system, large international companies would allocate part of their profits to market and to user jurisdictions, i.e. to consumption countries.

AFEP and Deutsches Aktieninstitut are deeply concerned as to negative consequences arising from the judgement of the European Court of Justice (ECJ) in the Achmea case of 6 March 2018.

This document presents a summary of the survey’s results and a set of recommendations aimed at improving the relations between companies and non-financial rating agencies.

Corporates call on the European Union for a better involvement in all discussions and actions in the field of sustainable finance.