Following a Founder summit that took place on 31 May 2021, European technology companies Delivery Hero, Bolt, Glovo, and Wolt have come together in an effort to create a better model for regulating platform companies. The initiative, European Purpose Project, builds and expands on the previously drafted Statement of Principles by the four EU tech companies.
Aim of this initiative
The founders of these four companies are working on a European model for platform work with specific commitments and recommendations to governments.
The European Purpose Project is a collaborative effort where any interested party, stakeholder or citizen can share their ideas about what the future of platforms should look like on the website. This project follows the aforementioned Statement of Principles, which was co-signed by Delivery Hero, Bolt, Glovo, and Wolt in December 2020.
Additionally, the founders of Delivery Hero, Bolt, Glovo and Wolt are committed to create the first industry-led consultation as well as there is a call for public input for the drafting of a code of conduct and a playbook of best regulatory practices from June to August 2021.
Sacha Michaud, co-founder of Glovo, says, “We have always strived for a fairer gig economy, here at Glovo. We have taken the initiative with the European Purpose Project because it allows us to design a better system for all. Together, we want to establish better governance of working conditions, labour practices and social rights for all workers, regardless of their employment status. We need regulation that recognises the unique output and benefits of the digital economy for all, and we invite other companies to join us and be a part of this important conversation.”
The documents are intended to be prepared by 1st September 2021 to support existing regulatory processes at EU level.
Excerpts from the founders
Niklas Östberg, co-founder & CEO of Delivery Hero, says, “Delivery Hero strives to make a positive impact in the cities and countries in which we operate. We believe in the power of using tech for good, staying true to our company values of aiming higher, delivering solutions and care. Together with Bolt, Glovo and Wolt, we now invite other European tech companies to join the conversation and help shape the future of platform regulation together.”
According to Markus Villig, co-founder & CEO of Bolt, platform work and the platform economy are the source for innovation, employment, and economic growth. Villig mentioned in a statement that these benefits are achievable once the development of an ecosystem around these platforms is created that can reflect European values.
As for Wolt, it has been actively participating in dialogue with policymakers both in the countries it operates as well as at the EU-level. Miki Kuusi, the Founder & CEO of Wolt, says, “We’re glad to collaborate with fellow companies in our industry to work on the EU-level to set clearer regulation and rules for all players – ultimately with the aim of improving safety nets for platform workers while maintaining the flexibility and freedom the people who work with us enjoy.”