The EESC welcomes the implementation of the remaining elements of the international standards agreed by the Basel Committee for Banking Supervision, from the perspective of both timing and substance, as they are meant to enhance the stability of the financial market in the EU, and thus not to expose European citizens to increased financial market risks. The EESC also stresses that financial market stability is a crucial prerequisite for overall economic stability, whereas the sound regulation and surveillance of the banking sector is essential in order to prevent the threat of turbulences and crisis.
RIO+20
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The EESC strongly supports the goal of redirecting investments in such a way that they contribute to the EU's transition to a sustainable economy but calls for the social partners and civil society to be brought better on board in the design and implementation of sustainable finance. The EU green bond standard has the potential to yield significant economic benefits for both issuers and investors alike and help the green transition.
Presentation from DG Fisma : Strategy for Financing the Transition to a Sustainable Economy
The EESC strongly supports the goal of redirecting investments in such a way that they contribute to the EU's transition to a sustainable economy but calls for the social partners and civil society to be brought better on board in the design and implementation of sustainable finance. The EU green bond standard has the potential to yield significant economic benefits for both issuers and investors alike and help the green transition.
Proposal for Regulation on European green bonds
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 Rio 2012 United Nations Conference on Sustainable Development must send out a clear signal to the world community, with specific proposals for the transition to an economic order based on qualitative economic growth that helps to eliminate poverty and social injustice whilst preserving natural resources for future generations.
The EESC is convinced that ensuring access to resources, food and energy should be amongst the priorities of the global sustainability agenda.
Policy measures and clear indicators must be established to measure progress on the road to greater sustainability.
A proposed review of EU banking rules aims at ensuring that EU banks become more resilient to potential future economic shocks, while contributing to Europe's recovery from the COVID-19 pandemic and the transition to climate neutrality. The public hearing will provide the views of institutional and civil society stakeholders, and will help form the policy recommendations the EESC is drawing up on the legislative proposals currently under discussion.
Based on an intensive civil society dialogue the EESC contributed to establishing the EU's position on Rio+20. In February 2012, the major EESC conference Go sustainable, be responsible! European civil society on the road to Rio+20, sent out a list of messages to take on board at Rio+20 and called on our political leaders to step up their efforts to arrive to an ambitious outcome at the UN conference.
On 13 and 14 February 2014, over 150 civil society representatives gathered at the EESC to discuss their positions on a global Post-2015 framework for sustainable development. Participants from local, regional and national authorities, EU and UN level policy-makers, social partners, environment, development, human rights, agriculture and consumer organisations; industry, business and academia brought a wealth of perspectives into the debate.
This workshop is exactly in line with what we had declared we would be doing to bring Rio home: we keep up the momentum for further promoting sustainable development, we want European civil society to be involved and we want to contribute with concrete proposals.
Staffan Nilsson`s address at the European civil society workshop on Sustainable Development Goals
Sustainable development is a long-term objective and needs continuous action, and in particular civil society involvement all over the world. Rio+20 was an important mobilising factor for civil society around the world, we need to keep up the momentum and to hold our governments accountable for what they have agreed to in Rio de Janeiro last June.
It has been one of the very positive experiences during my Presidency at the EESC to see how much we Europeans and you Brazilians agreed on key elements that were on the table of the negotiators at the Rio+20 Conference.