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EIOPA’s Risk Dashboard: A Stable Yet Cautionary Outlook for Occupational Pension Funds

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Photo by Caroline Hernandez on Unsplash

The European Insurance and Occupational Pensions Authority (EIOPA) released its latest Risk Dashboard, providing insights into the health of Europe’s occupational pension funds, officially known as Institutions for Occupational Retirement Provision (IORPs). The findings indicate an overall stable risk landscape; however, significant concerns regarding market risks persist amid ongoing volatility and real estate market vulnerabilities.

The report reveals that the exposure of IORPs to market and asset return risks remains high due to persistent market fluctuations. The macroeconomic landscape is displaying medium-level risks, with projected GDP growth across major geographical areas showing some positive trends but still falling short of historical averages. This tempered outlook reflects the complexities and uncertainties facing the European economies as they navigate recovery pathways.

Credit risks are meanwhile stable at a medium level; however, there has been an increase in credit default swaps (CDS) spreads for corporate bonds noted by the end of June 2024. In contrast, government bond spreads have remained largely consistent, suggesting a differentiated risk environment between corporate and sovereign borrowing.

High levels of volatility have been observed in both fixed income and equity markets, as the report highlights a noticeable decline in real estate prices across the Euro Area. This decline is primarily attributed to challenges in the commercial real estate sector, which remains a critical area of concern for pension funds reliant on steady asset performance. However, there is a silver lining; recent annual data shows a rebound in IORPs’ portfolio performance for 2023, mainly driven by positive market returns.

Reserve and funding risks for defined benefit IORPs are assessed as unchanged at a medium level. The financial robustness of these funds continues to be supported by rising interest rates as of the first quarter of 2024. Additionally, concentration risks have decreased compared to the previous quarter, reflecting a more diverse investment portfolio among IORPs. Notably, the median exposure of IORPs to banks and non-banking financial activities has seen a slight uptick.

Furthermore, all other risk categories currently assess at medium levels, but there is a growing concern related to digitalization and cyber risks. The report indicates a potential increase in these risks over the next 12 months, underscoring the need for IORPs to bolster their cybersecurity measures as they adapt to an increasingly digital landscape.

EIOPA’s Risk Dashboard provides a comprehensive overview of the vulnerabilities within the IORP sector of the European Economic Area (EEA), drawing from regulatory reporting from 625 IORPs. It encompasses both defined contribution (DC) and defined benefit (DB) schemes, offering a nuanced look at the financial health and risks facing these pension plans.

As Europe grapples with the dual pressures of economic recovery and market volatility, EIOPA’s insights serve as a timely reminder of the complexities influencing occupational retirement provision. While the current risk assessment leans towards stability, the identified risks highlight the necessity for vigilance and proactive management within the IORP sector to safeguard the retirement savings of millions across Europe.

Poland’s Railway Transformation: A €230 Million Investment in Green Energy

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a train traveling down train tracks next to a forest
Photo by Sash Bo on Unsplash

On July 29, 2024, a significant step forward for Poland’s railway system was announced with the European Investment Bank (EIB) extending a loan of PLN 1 billion (over €230 million) to Polska Grupa Energetyczna (PGE), the country’s largest utility provider. This funding aims to modernize the power systems of Poland’s railway network, paving the way for greener and faster services in the coming years. The ambitious project, slated for completion by 2028, marks the EIB’s sixth contract with PGE, reflecting a strong relationship between the two entities. Currently, PGE has credit lines with the EIB totaling €1.3 billion.

EIB Vice-President Teresa Czerwińska emphasized the importance of the project, stating, “We are a proven partner for large infrastructure investments in Poland. The modernization of railway lines enhances the quality of life for residents and is beneficial for business. It is also conducive to sustainable development, which is a key priority for the European Union.”

The essence of this project lies in its capacity to reshape the energy landscape of rail transport in Poland. The financing will cover the construction of 43 new electrical substations and the modernization of an additional 24. These substations are crucial for converting alternating current (AC) to direct current (DC), an essential process for powering trains efficiently. Furthermore, the investment will support the development of high-voltage and medium-voltage power lines, enhancing the overall electrical infrastructure needed to support the railway network.

Przemysław Jastrzębski, PGE Group Management Board Vice-President, pointed out that the advancement of railway power systems is imperative to meet the specific requirements of the sector. He stated, “Cooperation with the EIB gives us the tools we need to carry out those tasks. Thanks to the obtained funds, we will be able to invest in modern power infrastructure and develop innovative renewable energy projects.” One such project includes recuperating and storing energy generated from braking trains, a significant innovation towards achieving Poland’s greener energy goals.

The Modernisation of Power Systems (MUZa) investment project primarily focuses on enhancing railway safety, increasing rail line capacity, and improving train speeds, ultimately reducing journey times for passengers. This alignment with the European Union’s sustainable transport goals will facilitate regional integration, alleviate road traffic congestion, and reduce energy consumption, air pollution, and noise across Poland.

The EIB, being the long-term lending institution of the European Union, plays a pivotal role in financing projects aligned with EU policy objectives. With a commitment to supporting €1 trillion in climate and environmental sustainability investments by 2030, the loan to PGE is a beacon of the EU’s ambition for a more sustainable future.

PGE is not just leading the charge with this project; it is also a crucial player in the broader context of energy transition within the EU. The company’s strategic goal is to achieve climate neutrality by 2050, and initiatives like the Green Rail program aim to provide the rail transport sector with fully clean energy from renewable sources. With a target of 85% of energy consumption from renewable sources by 2030, PGE is actively working towards innovative solutions, including energy storage technologies.

In conclusion, Poland’s railway modernization initiative represents a critical investment in the country’s green infrastructure, one that aligns with the broader objectives of the European Union. This project not only aims to improve transportation efficiency and safety but also contributes to the EU’s sustainability goals, showcasing how regional infrastructure projects can foster economic growth while steering towards a greener planet.

Sudan: WFP expands emergency response; scores dead in village massacre

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Sudan: WFP expands emergency response; scores dead in village massacre

Yet, as the rival militaries continue fighting, the country’s plight has been overlooked by much of the international community. 

“As global leaders focus elsewhere, it is not receiving the necessary attention and support to avert a nightmare scenario for the people of Sudan. The world cannot claim it doesn’t know how bad the situation is in Sudan or that urgent action is needed,” said Mr. Dunford.

Urgent expansion

The World Food Programme (WFP) has announced it will urgently expand efforts to provide life-saving food and nutrition assistance. Currently, 18 million people are acutely food insecure in Sudan, a figure which has nearly tripled since 2019. Nearly five million are suffering emergency levels of hunger. 

“Sudan is in the grip of widespread hunger and malnutrition. WFP continues to expand its food and nutrition assistance to reach millions more people who are living through the daily horrors of war,” said Mr. Dunford. 

The WFP will scale up assistance to an additional five million people by the end of this year, doubling the number the agency planned to support at the start of 2024.

As part of the assistance, they will also provide support in cash to 1.2 million people in 12 states, giving a boost to local markets. Additionally, the agency is working directly with smallholder farmers, many displaced by conflict, to boost wheat production.

However, the ongoing violence in Sudan makes it exceedingly difficult to access those most in need. Around 90 per cent of those living in emergency conditions are in areas where access is extremely limited due to heavy fighting.

WFP is working around the clock to expand access across frontlines and other hard-to-reach areas. 

“The situation is already catastrophic and has the potential to worsen further unless support reaches all those affected by conflict,” Mr. Dunford said. 

Massacre in Aj Jazirah State

The reported massacre in the village of Wad Al-Noura in Aj Jazirah State on Wednesday illustrates the horrors of the intensifying conflict. 

“Even by the tragic standards of Sudan’s conflict, the images emerging from Wad Al-Noura are heart-breaking,” said Clementine Nkweta-Salami, the Resident and Humanitarian Coordinator for Sudan. 

There were reports of heavy gunfire and the use of explosive weapons in highly populated civilian areas, resulting in a high number of casualties. Ms. Nkweta-Salami calls for a thorough investigation and for the perpetrators of the massacre to be held responsible. 

“Human tragedy has become a hallmark of life in Sudan. We cannot allow impunity to become another one,” she said.

At least 55 children dead or injured

The violent attacks reportedly left at least 55 children dead and injured. 

“I am horrified by the reports that at least 35 children were killed and more than 20 children were injured during the attack yesterday on the village of Wad al Noura, in Sudan’s al-Jazira state,” said UNICEF Executive Director Ms. Catherine Russell. 

She described it as “yet another grim reminder of how the children of Sudan are paying the price for the brutal violence“.

Thousands of children have been killed, injured, recruited, abducted, and subjected to rape and other grave acts of sexual violence over the past year. Over five million children have been forced to flee their homes.

Ms. Russell called for  “an immediate cessation of hostilities, ensuring the protection of children from harm.”

Nearly 10 million displaced

The International Organization for Migration (IOM) meanwhile, is warning that the number of people displaced by conflict inside Sudan could top 10 million in the coming days.

This includes 2.8 million men, women and children displaced prior to the start of this phase of the conflict which erupted between rival generals in April last year.

More than half of all internally displaced people are women and girls, and over a quarter of those displaced are children under five.

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The ancient Roman road Via Appia is now on the UNESCO World Heritage List

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The ancient Roman road Via Appia has been included in the UNESCO World Heritage List, which now includes 60 sites located in Italy, AP reported.

The decision was made at the session of the organization’s World Heritage Committee, which is being held in the Indian capital of Delhi.

Italy is the absolute world champion in terms of the number of sites and historical artifacts included in the World Heritage List.

Via Appia was built during the time of the Republicans in Ancient Rome (312 BC) and bears the name of the ruler who built it – Appius Claudius Cec. This road was an advanced engineering facility and also allowed Rome to conquer the southern territories.

It was used to connect Greece, Egypt and Asia Minor. The route of the ancient road passes through more than 70 settlements, 15 parks, 12 cities and four districts.

At every Roman mile of the road there was a post that marked the distance and an inscription which emperor was ruling at the time. Every 19 miles there were designated recreation areas. Twenty-five universities nowadays study the Via Appia.

The stretch of Via Appia in Rome is today part of an extensive park. Along it there are tombs and villas from the republican and imperial periods.

In Ancient Rome, nobles and generals were often buried by the roadside for some glorification, as each traveler learned the name of the interred and his prowess. The first Jewish and Christian catacombs are also located there.

The Via Appia is also associated with Spartacus’ revolt. After its suppression, 6,000 warriors were crucified along the road.

Photo: Via Appia in 1933.

Ukraine will need nearly nine billion US dollars to restore its cultural sites and tourism, according to UNESCO

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Ukraine will need almost nine billion US dollars over the next decade to rebuild its cultural sites and tourism industry after the Russian invasion and war, UNESCO has announced, the Associated Press reported, cited by BTA.

According to UNESCO estimates, the country’s related cultural and tourism sectors have lost more than US$19 billion in revenue since the war began two years ago. The UN agency said the fighting damaged 341 cultural sites across Ukraine and caused $3.5 billion in damage, including in the capital Kyiv and the cities of Lviv in the west and Odesa in the south.

“Odessa Cathedral is an example of such a site that has been seriously damaged,” said Chiara Deci Bardeschi, who heads UNESCO’s office in Ukraine. “It is a symbol of the whole community…with deep spiritual and historical significance”.

In July 2023, UNESCO strongly condemned the “brazen attack by Russian forces” on historic buildings in the center of Odessa, designated last year by the UN agency as an endangered world heritage site. The attack killed at least two people and damaged several sites, including the late 18th-century Savior and Transfiguration Cathedral, which is the city’s main Orthodox church.

Its original construction was destroyed in 1936, the temple was rebuilt in 1999-2003.

UNESCO said the deliberate destruction of cultural heritage sites, including religious buildings and artefacts, could be considered a war crime.

The International Criminal Court brought charges of war crimes, including targeted attacks on historic religious monuments and buildings, in a case involving Mali in 2015.

In Ukraine, 1,711 objects of cultural infrastructure were damaged or destroyed as a result of Russian aggression, Ukrinform reported in November 2023.

The cultural infrastructure suffered the greatest losses and damages in Donetsk, Kharkiv, Kherson, Kyiv, Mykolaiv, Luhansk, Zaporozhye regions and the city of Kyiv, reports the Ministry of Culture and Information Policy of Ukraine.

The largest group of cultural objects that suffered damage or were destroyed were club facilities, which made up 49% of the total number of cultural infrastructure objects that suffered damage.

A total of 844 clubs, 603 libraries, 133 art schools, 100 museums and galleries, 31 theater buildings, cinemas and philharmonic halls were damaged or destroyed.

Objects of cultural infrastructure are affected in 262 territorial communities (17.8% of the total number of territorial communities), in particular in the regions of Donetsk (83%), Sumy (53%), Kharkiv (52%), Chernihiv (46% ), Kherson (43%), Luhansk (42%), Mykolaiv (42%), Zaporizhia (36%), Kyiv (26%), Dnipropetrovsk (19%), Zhytomyr (12%), Odessa (8%), Khmelnytskyi (8%), Cherkasy (5%), Lviv (4%), Vinnytsia (3%), Zakarpattia (2%), Poltava (2%) and in the capital Kyiv itself.

The Ministry notes that as of the end of October 2023, almost the entire territory of Luhansk Oblast and significant parts of the territories of Kherson, Zaporozhye, and Donetsk Oblasts remain temporarily occupied by the Russians. This makes it impossible to calculate the exact number of cultural infrastructure objects affected.

Illustrative Photo: Old Odessa, postcard

Do you know why sea water is salty?

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Seawater is salty because it contains a high concentration of dissolved mineral salts deposited in the rivers that flow into the oceans and seas. To be more precise, 1 liter of water contains about 35 g of salt. These mineral salts are the result of the erosion of rocks deposited in the sea over the years, causing it to reach a certain salinity index. This theory was introduced by the English scientist Edmund Halley.

The process begins when the carbonic acid present in rainwater comes into contact with the rocks. This chemical compound, which results from the mixing of carbon dioxide in the air with water, has the ability to corrode the rocks on which it falls. The resulting ions are deposited in rivers and later end up in seas and oceans, producing their characteristic salinity.

In addition to this deposition of eroded rock, other secondary phenomena contribute to seawater salinity: water evaporation, volcanic eruptions, ice melting, and hydrothermal vents.

What is the chemical composition of salt in seawater?

Seawater salt contains more than 80 of the 118 elements of the periodic table, making it an excellent mineral source for the human body. In it you can find:

* chlorine, sodium, magnesium, potassium, bromine, calcium, boron, strontium and fluorine

* trace elements such as iron, manganese, copper, iodine, silicon and phosphorus

* zooplankton and phytoplankton.

Are all seas equally salty?

The degree of salinity of the sea depends on its latitude. In colder areas such as the Arctic Ocean, the salt concentration is lower compared to tropical areas such as the Caribbean Sea, where the salt concentration is higher. This is due to the evaporation of water by solar energy.

Similarly, in areas where it rains frequently, the salinity level is low, as is the case in the Baltic Sea. There we may find areas where the composition is only 0.6% salinity. On the other hand, areas with lower water flow may have higher salinity, as is the case in the Red Sea.

What is the salinity of the Dead Sea?

Despite its name, the Dead Sea is not a sea, but an inland lake, as it has no coastline. Its salinity level is 35%. That is why it is called the sea. It is located on the border between Jordan and Israel and is the fifth saltiest body of water in the world with a depth of over 300 meters.

Is it possible to desalinate seawater?

Desalination is the process of making potable water from salt water. The main purpose of seawater desalination is to meet the needs of this resource for the population that does not have easy access to fresh water. While two-thirds of the Earth’s surface is water, only 1% is suitable for human consumption. This is why the desalination process is necessary to secure this vital resource.

The reverse osmosis method is the most widely used in the world to reduce salt levels in water. This is done by pressurizing salt water to trap the dissolved salt particles in a semi-permeable membrane.

There are other methods, including:

* freezing, where water freezes and pulverizes to form ice crystals on brine, which are then separated to produce fresh water

* distillation, where water is heated to the point of evaporation and then condensed to extract fresh water

* instantaneous evaporation, in which water enters a chamber as droplets, the saturation pressure of which is low; they turn into steam that condenses to produce desalinated water.

Illustrative Photo by Asad Photo Maldives: https://www.pexels.com/photo/bird-s-eye-view-of-sea-water-1456291/

Navy Day Parade in St. Petersburg Visible from Space

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The Roscosmos State Corporation has published a satellite image of St. Petersburg, which shows the Main Naval Parade, which took place on Sunday, July 28, in honor of Navy Day. The Roscosmos press service explained that the image obtained using the Resurs-P satellite shows this very city, where the ceremonial parade took place on the central embankments.

This important parade in St. Petersburg was held under the leadership of the Supreme Commander-in-Chief, President of the Russian Federation Vladimir Putin.

As in previous years, the city actively participated in the preparations for this event. The authorities ensured the safety of both spectators and guests who gathered in the Northern capital. Among those present at the parade was the Governor of St. Petersburg Alexander Beglov, who expressed gratitude to the president for reviving the tradition established by Peter the Great.

Photo by Roscosmos

Open letter to the President of the Republic

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By Jean-François & Hisako Moulinet, and the team of the interreligious circle “Dialogue & Alliance”

The opening ceremony of the Paris Olympic Games has provoked many reactions in the heat of the moment.

A very real discomfort has emerged. And we believe that we must immediately learn lessons for the future.

Hence this open letter to the President of the French Republic, Mr. Emmanuel Macron, written with several of our friends.

We invite the authorities to evaluate their own contradictions, which appeared at several moments, on Friday, July 26.

Our aim is not to denigrate the entire ceremony but to show, in a constructive and calm manner, that it included sequences that distort the ideals of the French people and move away from the Olympic values.

= = = =

Open letter to the President of the Republic

July 28, 2024,

Mr. President,

Congratulations on an Olympic Games opening ceremony that left the confines of a stadium to showcase the beauty of Paris. The City of Lights shone brightly. Some moments were moving and sumptuous.

However, several parts of this ceremony are to be deplored. Ms. Anne Descamps, the communications director of Paris 2024, apologized after international and national remonstrances.

The Olympic ideal (“higher, stronger, faster – together”) is incompatible with an aesthetic of the beheading of women. Recently, France, the homeland of human rights, condemned all terrorist beheadings, even more so after the beheading of Samuel Paty. Let us abolish all apology for terror, that of the State even more so, as Robert Badinter would have done. The global audience, often family-oriented, wants to celebrate life elevated by the flame and not shortened by the iron. Honoring Olympe de Gouges as a woman of gold in the ceremony was judicious. She too would have liked to escape the guillotine that cut off her head and her ideas on women’s rights in 1793.

Our ancestors did not bequeath us libraries to scatter the pages of books and indulge in libertinism.

We avoid offending the faith of athletes and spectators. Imitating and revisiting the Last Supper with refreshing humor would have been acceptable; mocking it with infantile blasphemies was the option to be rejected without hesitation.

France wants to present itself as a country of freedom in the broadest possible sense, but for many peoples of the world, France seems to advocate provocative libertinism more than freedom. They are shocked and saddened to see that France seems to have lost the values that have built its history. Let us hope, Mr. President, that the closing ceremony of the Olympic Games will avoid such excesses.

Please accept, Mr. President, the expression of our highest consideration.

Unificationist Community of France

Federation for Universal Peace,

Federation of Women for World Peace,

French Federation of Families for Peace, etc.

Note: Dialogue & Alliance, a French-speaking interfaith cooperation circle affiliated with the Interfaith Association for Peace and Development (AIPD) – France and supported by the United Religions Initiative (URI), the Geneva Interfaith and Intercultural Alliance (GIIA), the World Committee of the Three Testaments (CMTT).

Photo: An artist’s impression of ancient Olympia

World News in Brief: Historic Palestine monastery on World Heritage in Danger List, rights office condemnation as Ghana upholds anti-gay law, free jailed Russian activist

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“This decision recognizes both the site’s value and the need to protect it from danger,” the agency said , noting the threats posed by the ongoing conflict in Gaza.

The monastery dates back to the fourth century and is one of the oldest sites in the Middle East. It was founded by Saint Hilarion and was home to the first monastic community in the Holy Land.

Situated at the crossroads of the main routes of trade and exchange between Asia and Africa, it was a centre for religious, cultural and economic exchanges, illustrating the prosperity of desert monastic sites in the Byzantine period.

UNESCO recalled that in accordance with the terms of the World Heritage Convention, its 195 States Parties must avoid taking any deliberate measures likely to cause direct or indirect damage to this site and to assist in its protection.

The listing was decided through an emergency inscription procedure provided for in the Convention, UNESCO added.

UN rights office condemns Ghana’s choice to uphold anti-LGBTQ+ law 

The Office of the UN High Commissioner for Human Rights (OHCHR) on Friday denounced the recent Supreme Court ruling in Ghana that upholds the country’s Criminal Offences Act, which criminalises consensual same-sex relations.

According to reports, the Court on Wednesday rejected a case contesting the statute and upheld the possibility of three years in prison for violators. 

The country is reportedly awaiting a new court ruling that might include heavier punishments under a new law. 

OHCHR Spokesperson Liz Throssell said, “The Court’s ruling on 24 July is especially concerning given reports of a recent spike in violence against LGBTQ+ people in Ghana.” 

‘Anti-gay bill’ 

Ms. Throssell highlighted the legal challenges posed by the recent Human Sexual Rights and Family Values Bill—a bill that would further criminalise members and allies of the LGBTIQ+ community—which was passed by Parliament in February but has not yet received presidential assent. 

She noted that this bill is harmful as it legitimises prejudice and exposes members of this community to violence and other forms of discrimination.

“It expands discriminatory criminal sanctions against LGBTQ+ people and it also criminalizes the work of human rights defenders, medical professionals, teachers, landlords, journalists, and media workers,” she said.

Ms. Throssell urged the Ghanaian Government to adhere to international human rights standards and to “ensure that all people living in Ghana, without exception, are able to live free from violence, stigma and discrimination.”

Russia urged to release activist detained for posting Facebook logo online

Russia must immediately release human rights defender Alexey Sokolov, who was detained for posting the Facebook logo online, two experts appointed by the UN Human Rights Council said on Friday.

In March, a Moscow court banned Meta, the parent company of Facebook and Instagram, from operating in Russia for its “extremist activities” and allowing “fake news” about the Russian army in Ukraine on its channels.

Mr. Sokolov was arrested on 5 July on accusations of “repeated demonstration of extremist symbols” for displaying the Facebook logo on the website and Telegram channel of the non-governmental organization (NGO) that he heads.

Mariana Katzarova, UN Special Rapporteur on the situation of human rights in the Russian Federation, and Mary Lawlor, Special Rapporteur on the situation of human rights defenders, called for his immediate and unconditional release, and for the charges to be dropped.

“The arbitrary arrest and detention of Alexey Sokolov is another example of the severe clampdown on freedom of opinion and expression in Russia since the full-scale invasion of Ukraine in February 2022,” they said.

“This crackdown is targeting activities of civil society organisations, human rights defenders, independent media and dissenting voices in Russia with the aim of silencing human rights advocacy and anti-war expression.”

Special Rapporteurs and other independent experts are mandated by the UN Human Rights Council to report and advise on specific country situations or thematic issues.

They are not UN staff, serve in their individual capacity and do not receive a salary for their work.

Historic monastery in Palestine inscribed on List of World Heritage in Danger

Also on Friday, 

It further noted that inclusion on the List of World Heritage in Danger enables enhanced international technical and financial assistance mechanisms to guarantee the protection of the property and, if necessary, to help facilitate its rehabilitation.

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EU at the Paris 2024 Olympic Games: unity, solidarity and diversity

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Composition of the EU stars around the Eiffel Tower. © 2024 International Olympic Committee

We do it in our daily life – when we cycle to work or go for a swim. We watch and enjoy it live or on TV. Sport is all around us, representing an integral part of the lives of millions of Europeans. Especially so this summer, after the Paris 2024 Olympic Games, the biggest global sporting event of all, kicked off yesterday, with an Opening Ceremony broadcasted globally. 

The EU featured in the Olympics

For the first time the EU featured very prominently in the Paris 2024 Olympic Games Opening Ceremony with a performance on a floating barge under the European Union motto “United in diversity”. On the boat were dancers, symbolizing youth, the spirit of openness and dynamism of the EU, who danced to Eurodance music.

This was a unique opportunity for the EU to promote its values such as peace, unity and solidarity, where diversity is a strength, and team spirit a key for success, linking them with those of the Paris 2024 Olympic Games. 

The Olympic Games also offer the occasion to highlight the importance of freedom of movement and study in the EU, especially for young people, as well as EU policies and activities linked to support to sports and youth.

We also launched the European medal counter  – Team Europe 2024 for the Olympic and Paralympic Games, where you will be able to follow and celebrate the achievements of EU athletes by counting their medals.

But what does the EU do to promote sport? 

Sport should be for everyone. That is why the EU promotes it through its Erasmus+ programme, promoting dialogue, support and participation across all areas of sport policy. There is also the European Week of Sport which runs every year from 23 to 30 September, an initiative which promotes benefits of sport and physical activity across Europe at national, regional and local levels.

Making sport accessible for everyone is also about fostering a sense of social inclusion and integration. Every year, the Commission recognises organisations whose work uses the power of sport to improve social inclusion for disadvantaged groups through the #BeInclusive EU Sport Awards. It also works with all EU countries and national sport organisations to raise awareness about the importance of gender equality in sport. 

Sport should also be fair, particularly in competitive and professional sports. The EU protects integrity in sport by fighting against doping, which it does by coordinating and sharing information with international partners. When it comes to match-fixing, the Commission takes an active role, as part of wider efforts to ensure competitive sports remain fair.

Through these efforts to make sport fairer, more inclusive and more accessible, the EU is helping to meet its core values of peace, unity, solidarity and diversity. And that’s how it should be. After all, sport plays a vital role, not only in individual health and fitness, but in shaping our wider European society. 

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