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European Contact Group

Acronym: ECG

General Information

Identification Code: 0633841538-63
Website: [object Object]
Entity Form: No legal status - Informal grouping of the six largest accounting networks in the European Union
Registration Category: Trade and business associations
Registration Date: 10/21/2008
Last Update: 5/6/2024
EP Accredited Number: 0

Mission & Interests

Goals: The European Contact Group (ECG) brings together the six largest professional services networks in Europe: BDO, Deloitte, EY, Grant Thornton, KPMG and PwC. Firms in the ECG networks collectively employ around 300.000 people in EU Member States and are present with 1.300 office locations in over 340 European cities. The ECG's mission is to maintain confidence in the profession and large networks in Europe, and to contribute constructively in shaping EU legislation in a way that safeguards public interest. The purpose of the ECG is to build a sustainable business environment in Europe through: - Activities which strengthen public trust in the professional services networks' capabilities and their commitment to act in the public interest; - Supporting effective regulation and oversight of the professional services networks as an important building block of public trust; and - European perspectives on the development of effective international reporting and assurance standards.
Interests Represented: Promotes their own interests or the collective interests of their members
Interests:
  • Climate action
  • Digital economy and society
  • Economy, finance and the euro
  • Institutional affairs
  • Single market
  • Taxation
Levels of Interest:
  • european
  • national

Activities

Main EU Legislative Proposals: In recent years the interest representational activities of the ECG have largely focused on the effective and consistent implementation of the EU legislation impacting the professional services networks, such as the EU audit legislation, the Corporate Sustainability Reporting Directive, and the European Sustainability Reporting Standards. In addition, the ECG is currently following a broad range of policies impacting the profession, including developments on the possible initiative on the three pillars of high-quality and reliable corporate reporting, the adoption of EU sustainability assurance standards, the draft ESMA Guidelines on Enforcement of Sustainability Information, the Corporate Sustainability Due Diligence Directive, EU Tax Policies, the Digital Services Act, and the Digital Markets Act. The ECG has several working groups, including on Assurance, Corporate Reporting, Tax, Corporate Governance, and Regulatory Compliance and Oversight Bodies.
Communication Activities: The ECG hosted a roundtable on 9 February 2023 for Oxera Consulting to present its report on an enhanced corporate governance framework for corporate reporting in the EU. The roundtable brought together participants from industry, civil society, academia, and EU institutions to discuss and challenge the findings of the report. More information on the roundtable can be found on the ECG website here: https://www.europeancontactgroup.eu/news/ecg-roundtable-on-oxeras-report-on-an-enhanced-corporate-governance-framework-for-corporate-reporting-in-the-eu/
Inter-institutional or Unofficial Groupings: N/A

Head Office

Address: Piazza Tre Torri 2
Post Code: 20145
City: Milano
Country: ITALY
Phone: [object Object]

EU Office

Address: Piazza Tre Torri 2
Post Code: 20145
City: Milano
Country: ITALY
Phone: [object Object]

Financial Data

New Organisation: false
Closed Year: [object Object]
Current Year: [object Object]
Complementary Information: The ECG cost estimate is reached by calculating an approximate cash equivalent of the time spent by ECG Lead partners, as well as their support staff, into activities related to the ECG and falling under the scope of the Register. In addition, the estimate includes logistical costs, such as meeting venues, travels, dinners, as well as scientific studies and consultancy services' costs (which our providers also disclose in the Register, as per guideline 5.1.8)

Membership Information

Members10 Percent: 0
Members25 Percent: 6
Members50 Percent: 0
Members75 Percent: 0
Members: 6
Members F T E: 1.5
Info Members: Core activities of ECG are coordinated by a team of lead representatives (ECG Leads) from each of the six large networks. The number provided above reflects the involvement of the ECG Leads. The number provided above is not definitive and additional support from within each of the ECG member networks may be required as necessary. In addition, each ECG member network also provides details in their own firm transparency registers.

Structure

Structure Type: Structure
Is Member Of: www.kpmg.com www.pwc.com www.ey.com www.deloitte.com www.bdo.global www.grantthornton.global
Organisation Members: Each of the six accounting networks that make up the ECG will be members of a wide range of think tanks and trade and business associations. In addition, partners and professional employees of the six accounting networks that make up the ECG membership will be members of their respective professional bodies at national level in each EU Member State. In that capacity, some of these individuals will also participate in the activities of Accountancy Europe.