Sustainability Agreements in the European Commission’s Draft Horizontal Guidelines

11 Pages Posted: 4 Apr 2022

See all articles by Roman Inderst

Roman Inderst

Goethe University Frankfurt

Stefan Thomas

University of Tuebingen - Faculty of Law

Date Written: March 25, 2022

Abstract

The European Commission has published its Draft Horizontal Guidelines (DHG), which include an assessment of “sustainability agreements”. The dedicated paragraphs enlarge the scope for the consideration of sustainability benefits. We review the various ways how such an extended consideration of sustainability benefits can take place, such as the introduction of safe harbours for certain sustainability agreements or the introduction of the concept of “collective benefits”. In its balancing of effects, the DHG still remain firmly grounded in a consumer welfare analysis. We discuss possible problems that may arise from the broad conception of sustainability, notably in combination with the acknowledgement of “collective benefits”. We propose an alternative.

Keywords: Sustainability, Sustainability Benefits, Collective Benefits

Suggested Citation

Inderst, Roman and Thomas, Stefan, Sustainability Agreements in the European Commission’s Draft Horizontal Guidelines (March 25, 2022). Available at SSRN: https://ssrn.com/abstract=4069374 or http://dx.doi.org/10.2139/ssrn.4069374

Roman Inderst (Contact Author)

Goethe University Frankfurt ( email )

Theodor-W.-Adorno-Platz 3
Frankfurt am Main, Hessen 60629
Germany
+49 (69) 798-34601 (Phone)
+49 (69) 798-35000 (Fax)

HOME PAGE: http://www.wiwi.uni-frankfurt.de/en/departments/finance/lehrstuhl/prof-dr-roman-inderst/team

Stefan Thomas

University of Tuebingen - Faculty of Law ( email )

Geschwister Scholl Platz
Tuebingen, 72074
Germany
0049-7071-29-72556 (Phone)
0049-7071-29-2105 (Fax)

HOME PAGE: http://www.jura.uni-tuebingen.de/professoren_und_dozenten/thomas

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