Europäischer Wirtschafts- und Sozialausschuss
The Communication is intended to update the previous Communication (COM (2020) 102 final) adopted on 10 March 2020 at the dawn of the COVID-19 crisis, taking into account the latest developments related in particular to the pandemic.
The EU is the world's biggest producer of glass with a market share of around one third of total world production. The industry is known for the quality of its products, its capacity for technological innovation and its skilled labour force. The glass industries comprise five sectors covering different glass products, applications and markets: containers, flat glass, glass fibre, special glasses and domestic glass.
In its opinion, the EESC focusses on the revision of the Consumer Credit Directive which has some shortcomings: a certain number of important obstacles are due to the application, implementation and enforcement of the Directive as well as wider market developments not foreseen at the time it was drawn up in 2008.
The objective of this proposal is to improve sustainability reporting at the least possible cost, in order to better harness the potential of the European single market to contribute to the transition towards a fully sustainable and inclusive economic and financial system in accordance with the European Green Deal and the UN Sustainable Development Goals.
The EESC underscores the potential key role of the Sustainable Finance Taxonomy Delegated Regulation in creating a clear, coherent and comprehensive framework to highlight the ambitious development of a greener economy without lock-in effects. The taxonomy should build on technical criteria that clearly define the green investments that directly contribute to Europe's climate objectives.
The EESC welcomes this revised coordinated plan and calls for its expedited implementation by all stakeholders playing their part.