Spain: The CNMV reports satisfactory ESG compliance in asset management but calls for greater transparency
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Spain: The CNMV reports satisfactory ESG compliance in asset management but calls for greater transparency

The Spanish securities supervisor has published the conclusions of the European review conducted by ESMA, which highlights progress in integrating sustainability risks, while identifying areas for improvement in disclosure and internal control.

Green light for the Sustainable Mobility Bill, which mandates the implementation of sustainable mobility plans and sets the roadmap towards decarbonizing transport in Spain
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Green light for the Sustainable Mobility Bill, which mandates the implementation of sustainable mobility plans and sets the roadmap towards decarbonizing transport in Spain

The purpose of the text, which must now continue its parliamentary process, is to recognize the right to safe, accessible, and sustainable mobility and to modernize its planning, financing, and governance.

The new European directive on waste reinforces the obligations to prevent food waste in hotels and restaurants
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The new European directive on waste reinforces the obligations to prevent food waste in hotels and restaurants

The obligations in terms of food waste management are expanded, which will require a review of the internal procedures for handling, distribution and consumption of food in hotels, restaurants and catering.

Spain: The High Court of Justice of Galicia strengthens the protection of fundamental rights against environmental degradation
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Spain: The High Court of Justice of Galicia strengthens the protection of fundamental rights against environmental degradation

The High Court of Justice of Galicia orders the Xunta and the Hydrographic Confederation of the Miño-Sil to adopt urgent measures against the pollution of the As Conchas reservoir.

Ence meets the sustainability targets linked to its promissory notes program

Ence meets the sustainability targets linked to its promissory notes program

Ence has confirmed to the Alternative Fixed-Income Market (MARF) that it has met the sustainability targets of its sustainable promissory notes program, with a limit of €200 million. This milestone has been verified through an independent report issued by G-Advisory, the Garrigues Group’s consulting arm which specializes in energy and sustainability. The report consolidates Ence’s…

The European Commission presents a Competitiveness Compass, which will simplify the regulatory burden of sustainability reporting, due diligence and taxonomy
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The European Commission presents a Competitiveness Compass, which will simplify the regulatory burden of sustainability reporting, due diligence and taxonomy

One of the targets of the Competitiveness Compass, which will guide the Commission’s work over the next five years, is to reduce the regulatory and administrative burden drastically. In this context, the Omnibus proposal, expected in February, will be designed to simplify the sustainability reporting, due diligence and taxonomy. On January 29, 2025 the European…