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.
Sviluppo sostenibile - Related Opinions
"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.
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 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.
The EESC has played an important role in strengthening an informed civil society debate on the Transatlantic Trade and Investment Partnership (TTIP) through a number of TTIP-related opinions, adopted in 2014 and 2015, covering issues such as labour rights, investment protection, impact on SMEs, among others.
It is important under the present circumstances that the EESC, in order to maintain its position as a key civil society player in the TTIP debate, react to the textual proposals for TTIP negotiations on essential topics such as the sustainable development chapter, regulatory cooperation, investment and services. This will have the advantage not only of setting up the EESC position on major negotiating chapters but also of presenting concrete recommendations and pointing out the need to involve civil society in the implementation of those chapters.
In September 2015 world leaders adopted the UN agenda Transforming our world: The 2030 Agenda for Sustainable Development, establishing a set of Sustainable Development Goals (SDGs) to end poverty, protect the planet, ensure protection of human rights and guarantee prosperity for all. As an initial step the Commission is carrying out an internal "mapping" exercise in order to identify which existing EU policies already address the challenges set by the SDGs. The Commission has asked the Committee to contribute to that process with the present exploratory opinion.
In the past few years, civil society has been increasingly concerned about the environmental and social impact of food production and consumption. At the request of the Dutch EU Presidency, the EESC is preparing an exploratory opinion on how to achieve sustainable food systems in a resource-constrained world. The opinion takes a holistic and comprehensive approach, looking at the interdependence of food production and consumption as well as fostering inter-sectoral cooperation.
The EESC fully backs the objective of switching to a greener, resource-efficient and circular economy. It is happy to see that the Commission has come forward with a broader set of proposals covering all the stages of the product lifecycle compared to the previous circular economy package; however, it raises concern over the lower level of ambition, which is likely to lead to lower economic and environmental benefits.