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Last updateTue, 20 Apr 2010 7pm

News on Corporate Social Responsibility

Europe 2020 Strategy: commitment to renew European policy on CSR

Europe 2020The European Commission has recently published its Europe 2020 Strategy. Entitled “strategy for smart, sustainable and inclusive growth”, it contains a commitment to renew EU strategy to promote Corporate Social Responsibility as a key element in ensuring long term employee and consumer trust.

The following article has been published on the Europa website: ec.europa.eu/eu2020

 Europe is currently emerging from the most devastating financial and economic crisis seen on the continent since the 1920s.

The slump that hit the world in 2008 wiped out 20 years of progress, leaving few untouched. Some 7 million workers lost their jobs within an 8-month period, bringing the number of unemployed up to 23 million. The number of house repossessions increased as homeowners were unable to meet mortgage repayments; businesses went bankrupt and banks around the world had to be bailed out by governments.

At the beginning of 2010, public deficits reached 7% of GDP and debt levels increased to over 80%, even though the run-up to the crisis had been marked by a growing economy and higher standard of living in much of the EU. Between 2000 and 2008 progress was evident not only on balance sheets, but also in homes and offices – GDP per capita increased by 13.5% and unemployment fell to 7%.

Smart, sustainable and inclusive growth

The recession exposed weaknesses in the European approach, as well as its strengths. It demonstrated that European economies are highly interdependent and that we sink or swim together. Even before the crisis, Europe was facing challenges which have now become more pressing: globalisation, a shrinking labour supply and growing number of people claiming their pension, and pressure on energy and resources.

Europe has no alternative to changing course, to embracing new ideas while building on the continent’s numerous strengths. Failure to do so will see the Europe of 2020 lagging behind its competitors, and quality of life falling as economic growth slows and the workforce is depleted by an ageing population.

The Commission’s proposal on a new strategy follows a public consultation that attracted some 1 500 comments. The strategy builds on what has been achieved and the lessons learned. The first priority must be to hasten the exit from the crisis, but the strategy must also provide the building blocks for growth that will be sustainable in the future. Europe is recognised the world over for its high quality of life, underpinned by a unique social model. The strategy should ensure that these benefits are sustained and even further enhanced, while employment, productivity and social cohesion are optimised.

Three areas for action

Europe 2020 will focus on a trio of interlinked priorities: growth from knowledge, creating an inclusive society, and building a greener economy that is competitive at international level.


These three areas are detailed in the original article: ec.europa.eu/eu2020

 

Attachments:
Download this file (Europe_2020_BG_part1.pdf)Europe_2020_BG_part1.pdf[Europe 2020 - Strategy for smart, sustainable and inclusive growth - part 1 (BG)]517 kB
Download this file (Europe_2020_EN.pdf)Europe_2020_EN.pdf[Europe 2020 - Strategy for smart, sustainable and inclusive growth (EN)]1271 kB
Download this file (Europe_2020_EN_annex1.pdf)Europe_2020_EN_annex1.pdf[Europe 2020 - Strategy for smart, sustainable and inclusive growth - Annex 1 (EN)]13 kB
Download this file (Europe_2020_EN_annex2.pdf)Europe_2020_EN_annex2.pdf[Europe 2020 - Strategy for smart, sustainable and inclusive growth - Annex 2 (EN)]14 kB
Download this file (Europe_2020_EN_annex3.pdf)Europe_2020_EN_annex3.pdf[Europe 2020 - Strategy for smart, sustainable and inclusive growth - Annex 3 (EN)]50 kB
Download this file (Europe_2020_FR.pdf)Europe_2020_FR.pdf[Europe 2020 - Strategy for smart, sustainable and inclusive growth (FR)]738 kB
Download this file (Europe_2020_PT_part1.pdf)Europe_2020_PT_part1.pdf[Europe 2020 - Strategy for smart, sustainable and inclusive growth - part 1 (PT)]167 kB
Download this file (Europe_2020_RO_part1.pdf)Europe_2020_RO_part1.pdf[Europe 2020 - Strategy for smart, sustainable and inclusive growth - part 1 (RO)]446 kB

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