Supporting the transition to sustainability
With our comprehensive analysis as the foundation, we developed reform proposals to achieve the necessary change. We strongly believe that achieving sustainability is possible (video 1 m 27 s:
https://youtu.be/Vu0pU47lWPk(se abrirá en una nueva ventana)). The transition to sustainability has a firm legal basis in the EU’s overarching goals set out in its Treaties, with duties to protect the environment, human rights and human dignity, within the EU and in the EU’s relations with the wider world. To achieve sustainability, we need to change the way business operates.
Our elaborate set of reform proposals (
https://www.smart.uio.no/reform_proposals(se abrirá en una nueva ventana)) aims to support the transition to sustainability, as we outlined in our introductory 2019 report Supporting the Transition to Sustainability (
https://ssrn.com/abstract=3503310(se abrirá en una nueva ventana)). Our reform proposals seek to change the way business and finance operate, and the way products are produced and consumed. We aim to make it possible and easy for business and finance to create value in a sustainable manner, and for products to be produced and consumed in a way that contributes to securing a safe and just space for humanity within planetary boundaries. The detailed proposals are presented in three main reports, with sustainability due diligence as a common thread.
In Securing the Future of European Business (
https://ssrn.com/abstract=3595048(se abrirá en una nueva ventana)) we present suggestions for how international trade and investment law better can support sustainable business, and how sustainability can be integrated in to the purpose of business and the duties of the board (video 5 m 52 s:
https://www.youtube.com/watch?v=qMIWifFv94o&feature=youtu.be(se abrirá en una nueva ventana)). In Financing the Transition to Sustainability (
http://dx.doi.org/10.2139/ssrn.3594433(se abrirá en una nueva ventana)) aim to strengthen and broaden the EU’s Sustainable Finance Initiative, ensuring that both public and private funding is geared towards sustainability (video 7 m 15 s:
https://youtu.be/dQeneISGmwc(se abrirá en una nueva ventana)). In Towards a Sustainable Circular Economy (
https://ssrn.com/abstract=3596076(se abrirá en una nueva ventana)) we make suggestions for how sustainability can be fully integrated into the production and consumption of products in the EU (video 5 m 3 s:
https://youtu.be/_wiKK9NO00A(se abrirá en una nueva ventana)). In addition, there is a separate report feeding into the latter one: Sustainability Through Public Procurement (
http://dx.doi.org/10.2139/ssrn.3559393(se abrirá en una nueva ventana)).
Our reform proposals concern the EU as a global actor, and the EU as a legislator and policymaker. We have also developed SMART guidelines to make the EU’s policy coherence for development fit for purpose (
https://ssrn.com/abstract=3596036(se abrirá en una nueva ventana)) and SMART guidance for the sustainability assessment process in business (
https://www.smart.uio.no/publications/reports/d.5.4-v0.2_wp5.pdf(se abrirá en una nueva ventana)).
