Local view for "http://purl.org/linkedpolitics/eu/plenary/2002-05-30-Speech-4-176"

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"en.20020530.6.4-176"2
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"I entirely support the approach of the Committee on Employment and Social Affairs with regard to the area of corporate social responsibility. It seems to me that the social and environmental practices of European companies must be subject to controls similar to those used for competition practices. This is essential if we are to have a real social Europe alongside the internal market, in which competition plays the leading role. This should be regarded as an all-important objective of any future-oriented business policy, and as a guiding principle of European social and economic policies. Ideally, businesses, which are major investors, should have a strategy which goes beyond the horizon of their short-term profits and which would combine economic expansion, social progress and sustainable development. The race for profits in the world economy makes it necessary for us to adopt practical measures to ensure that the social principles laid down at political level do not remain a dead letter. We must therefore demand that it should be possible to monitor the application of this concept of corporate social responsibility, even though, it has to be admitted, it is still somewhat vague. One of the suggestions is that the Commission should submit a proposal, in the context of the appropriate directive, with a view to making it compulsory for businesses to produce social and environmental reports just as they produce financial reports."@en1
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