The Economy for the Common Good model proposes the transition towards a "European Ethical Market" which will foster social innovation, boost the employment rate and benefit the environment, for example through using indicators of wellbeing and social development beyond the GDP such as the Common Good Product and the Common Good Balance Sheet. The EESC considers that the Economy for the Common Good model is conceived to be included both in the European and the domestic legal framework and demands from the European Commission, in the framework of the upcoming renewed CSR strategy, to make a qualitative step in order to reward (in terms of public procurement, access to external markets, tax advantages, etc.) those enterprises that can demonstrate higher ethical performance.
Udržateľný rozvoj - Related Opinions
The EESC supports the adoption of a legally binding agreement in Paris and strongly supports the EU's negotiating position. The Committee believes that the EU can play a leading role by demonstrating that climate policy and positive economic development go hand in hand.
A key point from the EESC’s perspective is the role of civil society in this process. A broad-based global civil society movement has emerged that is now calling for rigorous climate protection efforts. Agreements must meet with broad public approval and support from businesses, trade unions and other groups of civil society.
The EESC wants the conditions be created for an efficient, modern financial services sector with appropriate regulations, which grants access to capital providers by companies seeking investment, especially SMEs and high growth companies, and finds it of utmost importance to overcome the current fragmentation of the markets.
Since a Capital Markets Union (CMU) is to a significant extent a reality for large companies, the EESC stresses the need for measures that will also allow SMEs to benefit from it, for example through accepting simplified standardised criteria for registration on regulated markets, and providing a definition of an emerging growth and high growth company and devoting special attention to the needs of such companies on the capital market.
The Committee has received a request for an exploratory opinion from the incoming Latvian Presidency, which recommended to look at the following aspects in regard to the agricultural and forestry sectors: rural development, social aspects, regional contribution and the potential in achieving objectives and the "self-sufficiency" of the EU in the fields of food and renewable energy. A holistic assessment and approach is required in order to facilitate the reduction of GHG emissions without hampering the sustainable development and competitiveness of the EU.
The EESC considers it vital to preserve the "biodiversity" of the financial system, without this meaning the arbitrary application of rules. In this context the Committee applauds the consideration the European Commission has given to the introduction of calibrated financial regulation frameworks to consider the specificities of cooperative and savings banks that avoid the undesirable effects of uniform application of prudential rules and possibly an overload of administrative burdens.
The European Economic and Social Committee (EESC) believes that the prospect of a European circular economy should bring a major boost to the systemic competitiveness of the EU, a driver for growth and a generator of new green jobs and skills.
The Committee welcomes the two communications and the package of amendments to the waste directives and supports the campaign to make all businesses and consumers aware of the need to phase out the current linear economic model of "take, make, consume and dispose" .
The effect of the current financial and economic crisis has put energy pricing under the spotlight because of the impact on household energy costs in the context of austerity and on industrial competitiveness of high energy prices. The importance of Market Based Instruments (MBI) is that they must both advance the transition to a resource-efficient and low carbon economy and support economic recovery. Environmental and climate policies should not be seen as a burden in the recovery from the fiscal and economic and social crisis, but rather as a part of the solution. The Committee urges the Commission to make environmental fiscal reform an integral and permanent part of the European Semester.