Journal Seventeen Nr. 5

Spain’s adhesion to the GSG has been a catalyst for increasing impact investment in our country, reaching a figure of 2,378 million Euros of managed capital in 2020. However, the market still does not have the volume and dynamism that would correspond to a country like ours. The success of this revolution requires the active involvement of the Public Sector, as has happened in our neighboring countries.

Transparency is a key tool to promote market discipline in the financial sector, allowing investors and users to better understand banks, compare and make informed decisions. The publication of information on environmental and climate change-related, social or governance aspects has gained increasing relevance as a tool to promote the role of financial institutions in financing investments that may contribute to a sustainable economy, and to highlight the need for banks to develop appropriate risk management frameworks. 

En 1987 Naciones Unidas planteó la definición de desarrollo sostenible como aquel que satisface las necesidades de la generación presente sin comprometer la capacidad de las generaciones futuras, en el informe “Un mundo para todos” (United Nations, 1987). A partir de entonces se está exigiendo a las organizaciones publicas, civiles y empresariales mayores acciones en cuanto a responsabilidad social empresarial y sostenibilidad.

This paper analyzes the purpose of European Next Generation funds. A new interpretation of the public contract is proposed for a better execution of the same from a new culture of environmental and social sustainability