Garrigues Sustainable Newsletter – April 2024
In this newsletter we compile the most relevant legal news on ESG matters in Spain, published by Garrigues and G-advisory. READ MORE
Peru approves Law 31992, the Law fostering green hydrogen
Published on March 23, Law 31992, the Law fostering green hydrogen, is aimed at providing the rules determining the measures needing to be implemented to underpin development and growth in an industry that will enable green hydrogen to be used as fuel and as an energy vector. The law’s main provisions notably include the following:…
Mexico reinstates conditions for Clean Energy Certificates (CELs)
This encourages investment in power generation plants through clean energy and achieves higher profitability in the commercialization of CELs. The market rules in Mexico that allow the issuance of Clean Energy Certificates (CELs) exclusively to clean energy plants that have entered into operation as of August 11, 2014 and, exceptionally, to legacy power plants (centrales…
The drinks packaging industry and a tsunami of ESG rules and regulations
In a new edition of our Garrigues Sustainable Dialogs we look at the changing and hugely complex context that the industry is having to face, following the recently approved waste measures, to be able to continue on its path towards a more circular and environmentally sustainable economy. The drinks packaging industry is facing a tsunami of rules…
Final approval for the European directive on greenwashing, requiring greater information to consumers
The European Council has approved the directive on greenwashing, which will ban commercial practices such as greenwashing and early obsolescence, together with increasing the information that will have to be given to consumers. The new law has yet to be published in the Official Journal of the European Union. Final approval was obtained for the…
GAM hires G-advisory as advisor in its sustainable financing process
G-advisory was selected as the sustainability expert hired by General de Alquiler de Maquinaria (GAM) to prepare a second-party opinion on a promissory note program registered at the Spanish Alternative Fixed-Income Market (MARF). The Garrigues group consultants tested this program’s relationship with sustainability by analyzing the offering circular (between GAM and the financial institution), the ambition…
Garrigues Sustainable Newsletter – January 2024
In this newsletter we compile the most relevant legal news on ESG matters in Spain, published by Garrigues and G-advisory. READ MORE
Reflecting sustainability criteria in pay is key to achieving ESG goals
An increasing number of companies are taking sustainability criteria into consideration not only in executive and director pay, but also in the pay of their staff as a whole, in order to better achieve their ESG goals. We addressed this dynamic in the Garrigues Sustainable dialogs. “Companies that make the effort to consider sustainability criteria create…
Garrigues continues to be the top-ranked law firm in the Merco Responsibility ESG ranking
Garrigues has again been recognized as one of the 100 most responsible companies in Spain according to the 2023 Merco Responsibility ESG ranking published today. This morning, the Corporate Reputation Business Monitor (MERCO) published its annual list of the 100 most responsible companies: Merco Responsibility ESG. Garrigues took the top spot yet again as the most…