Social innovation is a powerful force to modernise Europe's economy
"Corporate Social Responsibility is an inseparable part of rebuilding a globally competitive European economy on the basis of innovation, trust and European values" said President Barroso while addressing the Enterprise 2020 Summit in Brussels today.
"It is a mechanism for ensuring that our values are well defended here in Europe and more broadly shared in other parts of the world" he continued. The President reminded that sustainable economic growth can be achieved among others through a responsible approach to business. He also insisted on the need of "inventive solutions" at a time when Europe faces major social challenges, such as high-levels of youth unemployment and ageing population, in particular because the future budget 2014-2020 will be less than the Commission would have hoped.