Five Levers for a Sustainable and Competitive European Union

The European Union stands at a crossroads: The words of former European Commission President Jacques Delors are more accurate than ever: “The only choice Europe has is between survival and decline.”

Back then, Europe faced the challenge of globalization, and the Single Market was seen as a necessity. Today, European companies operate in an increasingly volatile and fragmented global environment, while barriers to the EU’s Single Market still remains. Rising energy prices and inflation, supply chain delays and shortages, a lack of skilled labor as well as an increasingly complex regulatory framework are heavily impacting companies operating in Europe, while these companies must adapt and invest to remain competitive. At the same time, we face common climate and environmental challenges that require changes to our way of living, working, producing and consuming to secure a sustainable future.