ABSTRACT
This chapter analyses the existing possibilities for European Union (EU) action under the EU corporate law framework and continues with the discussion of substance and form of possible EU action. It explores the possibility of embedding sustainability concerns through the presented legal basis, portraying the possibility of implementing such concerns through planned and existing legal instruments and in the form of incentives to corporate behaviour through the EU administrative law framework. The chapter continues with the analysis of the Non-Financial Reporting Directive and the field of the so-called “green public procurement”, arguing that a road has already been paved for embedding sustainability concerns in the EU corporate legal framework. It presents the EU prospects in the field of sustainable business, arguing that swift and firm action is plausible and possible. The EU Commission argues that developed countries must act as the “sustainable” leaders, by the EU pioneering and providing international leadership as a first step towards global sustainability.
