Period of consultation  29.04.2014 to 15.08.2014

Press release

Brussels, 29 April 2014

EU Corporate Social Responsibility policy: The Commission seeks stakeholders’ views on achievements and future challenges

The Commission is seeking stakeholders’ views about the impact of its Corporate Social Responsibility (CSR) Strategy over the past three years and on the role it should play in the future. The Commission’s 2011-14 CSR Strategy set an ambitious agenda to strengthen its implementation at international level and created a number of models on how to practically implement its principles (MEMO/11/730). More and more CSR is becoming a valuable tool to improve a company’s competitiveness: encouraging social and environmental responsibility in the corporate sector can also bring benefits in terms of cost reductions, access to capital, improved customer relationships, human resource management and innovation capacity. Amongst others, the consultation that the Commission is launching asks for concrete feedback on how successful the Commission’s actions have been in enhancing market reward for CSR, further integrating CSR in education, training and research and better aligning European and global approaches to CSR avoiding red tape in particular for SMEs. An on-line questionnaire was launched today and will be open for contributions until 15 August.

European Commissioner Michel Barnier, Acting Commissioner for Industry and Entrepreneurship, said: “CSR is not just about protecting stakeholders or the value of an enterprise through compliance with ethical or other standards. It is also, and increasingly, about creating new value through the innovation that comes from challenging a company’s status quo and looking for better solutions. We look forward to receiving stakeholders’ valuable feedback on our CSR agenda and on their expectations for the future.”


To the consultation:


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