The EU sustainable finance framework encourages investments in environmental activities and to avoid investing in activities which are linked to social harm like controversial weapons and human rights abuses. So far it fails however to give an orientation for socially valuable activities although this is badly needed with investors seeking socially sustainable investments and urgently needed capital for social housing, healthcare, training and investments in supply chains free from human rights risks. A group of stakeholders including the European Association of Public Banks, CSR Europe, SGI Europe, Investment Companies like Laiqon and the German Sif now urge President Von der Leyen in a public letter to develop a Social Investment Framework to fill this gap. The framework should be easy to use by building on the already existing EU definitions of social like the definition of "Services of Genral Economic Interests" in the EU Treaty and the upcomming EU Due Diligence Law.

The deadline for signing is the 12th of November. Further information on this initiative and ways to support it can be obtained from: AKI Antje Schneeweiß [email protected]