This opinion aims to identify the barriers, key success factors and solutions for creating a truly innovative business climate to capture the solutions provided by new economic models.
Social economy enterprises as a driver for migrant integration (own-initiative opinion) - Related Opinions
The opinion examines the possible introduction of a new concept into EU law: "low-profit". This concept would define all organisations that are likely to make a profit but that do not intend to distribute it to their owners or shareholders, as they have a different purpose.
The exploratory opinion will aim to show how to boost social economy enterprises. It will seek to identify the best ways to strengthen their role in addressing tomorrow's challenges, in particular in the social field.
Europe is facing complex challenges calling for renewed social and economic models. To deliver progress, growth and wellbeing in Europe, a shift towards an innovation-based economy is needed. The EESC therefore calls on the European Commission to develop a policy framework to support these new business models emerging. The EESC calls on the Commission in the upcoming review of the Single Market strategy, due in 2017, to fully incorporate these new business models, and suggest new measures in this direction. It is crucial that Member States and the European Institutions fully recognise and promote "fairer" business models, which are centred on delivering innovation for social development by integrating social impact measurement in parallel to reporting economic progress.
Exploratory opinion requested by the Luxembourg presidency
The EESC welcomes the debate on social impact measurements for social enterprises. However it feels that an incorrect or rushed approach may counteract the EU Institutions’ aim to support the development of the social enterprise sector. The EESC therefore urges the Commission to prioritise further awareness-raising and full implementation of the Social Business Initiative agenda. It recommends that, rather than developing a new method, the Commission build awareness of the most commonly used principles.