The need to effectively tackle global warming puts under pressure the existing industrial relations models in Europe. A new logic of sustainability needs to be incorporated into the social contracts in order to (re)build harmonious labour relations. A viable world of labour requires a new sustainability paradigm, which encompasses all three of its dimensions: economic, social and environmental.
Achieving economic sustainability (within the planetary boundaries) has become more challenging. Actual economic growth has come at a critically high cost in terms of inequality of opportunities and outcomes, planetary resources, biodiversity and environmental degradation, thus undermining both social and environmental sustainability. Social sustainability is also likely to come under increasing pressure from the impending fourth industrial revolution. In turn, widening inequality and climate change are forcing us to question the way we measure prosperity and wellbeing.