Sustainable Finance in the EU – A Revolution of Company Law Through the Back Door?
Posted: 16 Jun 2021
Date Written: June 15, 2021
In the light of the current initiative of the EU with regards to the discussion about corporate sustainability, the chapter analyses whether there is a need for a legal framework especially designed for social enterprises in the EU and which legal instruments are available to provide a suitable legal infrastructure. The study on a European Statute for Social Enterprises (2017) focuses on the instruments of certification and the introduction of a unique corporate legal form. These two instruments are favored not only by the EU legislator but also by lawmakers in the jurisdictions of the (insofar active) member states and are therefor assessed in the chapter. In this vein, the focus will be on the fundamental problem of balancing the goals of profit-making and achieving a social benefit as well as balancing different social interests in relation to each other.
Suggested Citation: Suggested Citation