The Economy for the Common Good model proposes the transition towards a "European Ethical Market" which will foster social innovation, boost the employment rate and benefit the environment, for example through using indicators of wellbeing and social development beyond the GDP such as the Common Good Product and the Common Good Balance Sheet. The EESC considers that the Economy for the Common Good model is conceived to be included both in the European and the domestic legal framework and demands from the European Commission, in the framework of the upcoming renewed CSR strategy, to make a qualitative step in order to reward (in terms of public procurement, access to external markets, tax advantages, etc.) those enterprises that can demonstrate higher ethical performance.
Tackling premature obsolescence in Europe - Related Opinions
The European Economic and Social Committee (EESC) believes that the prospect of a European circular economy should bring a major boost to the systemic competitiveness of the EU, a driver for growth and a generator of new green jobs and skills.
The Committee welcomes the two communications and the package of amendments to the waste directives and supports the campaign to make all businesses and consumers aware of the need to phase out the current linear economic model of "take, make, consume and dispose" .
The opinion familiarizes the public with the phenomenon of collaborative consumption (CC). The document presents the conceptual approach and describes briefly best practices in CC. The EESC proposes also a general strategy for the sound development of CC in the EU. Given that CC covers mostly bottom-up initiatives, studies are needed before the appropriate regulations, rights and responsibilities of all the stakeholders involved can be established.
Planned obsolescence is associated with a form of industrial production that relies on a minimum renewal rate for its products. Although product renewal is necessary, certain abuses need to be addressed. The EESC would like to see a total ban on products with built-in defects designed to end the product's life.