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Now that the results of the European Parliament elections are clear, what’s next? To help businesses navigate the landscape, anticipate change, seize opportunities, and mitigate regulatory risk, our global Public Affairs teams have analyzed the election results and identified key trends to watch.
Read the report as our subject matter experts provide insights into the future of EU sustainability, health, and tech policy.
What do the elections change
Members of the European Parliament will shape the EU policy agenda for the next five years, ultimately approving all new rules that the European Commission, the EU’s executive, puts forward.
The results also influence how the EU’s top jobs are allocated, including Commission President Ursula von der Leyen’s bid to stay on for another five years.
As the official candidate for the center-right European People’s Party (EPP) – the clear winner of the elections despite a far right surge – von der Leyen is now the firm favorite.
Why business should care
EU officials influence global policy on issues from climate change to security.
Roughly 60% of rules across the EU are made in Brussels – laws that impact countries, companies, and individuals in areas such as migration, the rule of law, social policy, the environment, and consumer rights. The EU is also in charge of trade and competition matters.
EU policies directly impact all companies operating in the Single Market and can stretch beyond its borders. Dubbed the ‘Brussels effect’, the EU has the ability to set global regulatory standards, due to its large market size. Companies and countries often align with EU regulations and standards to ensure market access to the bloc, leading to worldwide compliance with EU rules.
Dive deeper and read the report here.
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