The EESC welcomes and supports the Commission's initiative to anticipate the review of the Regulations on European venture capital funds (EuVECA) and European social entrepreneurship funds (EuSEF). The EESC believes that such a regulation can promote the establishment of a capital markets union. The EESC suggests that in order to expand participation in such investment funds, the hitherto very restrictive access criteria, as well as other restrictive conditions, to be significantly relaxed; the Committee proposes to increase the involvement of non-institutional investors and considers it equally important to create an environment in which the financing objectives of social investment funds can develop.
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"Nudges" are small, cheap, easily implemented solutions drawing from behavioural sciences to help people modify their individual behaviours. They consist in inducing towards the most reasonable or responsible option, without forbidding anything, through soft cognitive signals in a wide range of fields, including sustainability. This opinion looks at how to encourage nudging approaches at the European level.
In this opinion, the EESC calls for society to begin an economic transition from over-exploitation of resources and a throw-away culture to a more sustainable, job-rich era, based on quality rather than quantity. In order to cope with the fundamental shift to a new economic model with major systemic consequences in many areas, it is recommended that a new cross-cutting and permanent body be set up in the EESC to analyse these developments.
The EESC encourages the Commission to pursue its efforts to develop policy proposals aimed at promoting the creation of innovative and high growth firms. These policy proposals should strengthen the single market, reinforce the clusters and ecosystems in which innovative start-ups are created, develop the equity component of the European capital markets, encourage an academic agenda focusing on jobs for the future and minimise the cost and red tape involved in starting a new entrepreneurial venture.
The Committee considers transparency essential as it is important for all parties, for the companies themselves, and for improving their image and boosting the trust of workers, consumers and investors. While the EESC recognises that most companies operating in the EU are indeed transparent and that investors and shareholders are increasingly paying attention to qualitative corporate social responsibility (CSR) indicators, it is important to focus simultaneously on both the effectiveness and scope of the information being filed and on its quality and veracity. The EESC believes that any further initiative on disclosure of information should include a common set of indicators and at the same time should take into consideration the nature of the company and the sector in which it is operating.
The EESC opinion on the revision of the Posting of Workers Directive was adopted with 180 votes in favour, 84 against and 30 abstentions. A counter opinion on the same subject was put forward and not carried, receiving 94 for, 175 against and 23 abstentions.
In its opinion, the EESC supports in principle the Commission's proposed recast of the Posting of Workers Directive. The principle of equal pay for equal work in the same place is the cornerstone of the pillar of social rights in Europe.
The EESC is in favour of the Commission's proposal which introduces a new approach to safety rules, based on risk assessment and performance.The EESC also supports the proposal to give EASA greater responsibility for security, in cooperation and in agreement with the Member States.The successful implementation of these changes in working methods and culture require adequate resources and a transparent and inclusive approach.
The EESC still considers that Turkey remains a very important partner and that the political will exists to increase levels of cooperation, but only provided that compliance with the fundamental European values and the principles of democracy, the rule of law and human rights is ensured. The EESC believes that ongoing developments have rendered the current Customs Union (CU) agreement obsolete and that the parties to the agreement will have to start serious negotiations on strengthening their economic ties by establishing a new type of trade agreement that reflects current needs. The recent adjustments and best practices implemented in various trade agreements have transformed models for sustainability, transparency and the involvement of the social partners and civil society in international trade agreements.
While welcoming the existence of the Horizon 2020 program, the EESC is worried that funding for research into Societal Challenges has been significantly reduced. Moreover, the EESC is exceedingly concerned about the large disparities between Member States in terms of national funding for research and innovation.
The 2030 Agenda represents a breakthrough in multilateral cooperation, in the sense that it puts social and human development on a par with economic progress, and sees these three dimensions as a whole. Whereas the MDGs (Millennium Development goals) addressed primarily developing countries, this new Agenda is a transformational and universal agenda for all countries, and promotes a new, inclusive and participatory method of decision-making. The EU showed significant leadership in the process leading up to the adoption of the new SDGs (Sustainable Development Goasl). The opinion stresses that the EU needs to hold up its credibility both internally and externally, when it comes to implementing the Agenda and its 17 goals. Pointing to the universal and indivisible nature of the Agenda, the opinion underlines the importance of an EU response at the highest level, providing a robust base on which an overarching EU strategy should be founded.