Garrigues Sustainable Newsletter – January 2025
In this newsletter we compile the most relevant legal news on ESG matters in Spain, published by Garrigues and G-advisory. READ MORE
EU strengthens disclosure of ESG risks in credit institutions with new requirements
Commission Implementing Regulation (EU) 2024/3172 introduces new obligations for credit institutions, which will have to disclose half-yearly information on environmental, social and governance (ESG) risks, as well as on the impacts of climate change. This regulation, applicable from January 2025, aims to improve transparency and consistency in prudential risk management. The main purpose of Commission…
European Green Bonds are here and come with new post-issuance reporting standards
The regulation establishing a standard for issuers using the designation ‘European Green Bonds’ (EuGB) is now in effect, but the legislative process is not yet complete: a new delegated regulation, currently under consultation, details all the post-issuance information that must be provided. Since December 21, 2024, the European Green Bond standard (set out in Regulation 2023/2361)…
The role of sustainability in institutional investors’ decision-making and what proxy advisors do
The embedding of ESG factors in corporate governance and the prominent role of proxy advisors were key topics in the seminar How Institutional and Proxy Advisors Approach Sustainability at Listed Companies, organized by Garrigues Sustainable Dialogs. In an increasingly sustainability- focused business world, institutional investors – and their proxy advisors – are redefining their strategies…
CSRD: practical aspects to be borne in mind when preparing the sustainability report
In a new edition of Garrigues Sustainable Dialogs, we covered the most relevant and complex legal and technical aspects that companies should consider when drafting their sustainability report pursuant to the CSRD Directive. The Council of Ministers has made progress in the transposition of Directive (EU) 2022/2464 of the European Parliament and of the Council…
Garrigues Sustainable Newsletter – July 2024
In this newsletter we compile the most relevant legal news on ESG matters in Spain, published by Garrigues and G-advisory. READ MORE
The European Union sets its sights on the complete decarbonization of the building stock by 2050
The new directive on the energy performance of buildings tackles the need to reduce the environmental impact of the building sector, which accounts for 40% of total energy consumption in the EU and 36% of its greenhouse gas emissions. Directive (EU) 2024/1275 of the European Parliament and of the Council of 24 April 2024 on…
How the EU will limit the sale of commodities that cause deforestation
Barely five months from now, the obligations contained in the European Regulation on deforestation aimed at avoiding the introduction, making available and export of certain commodities and products associated with deforestation and forest degradation, will be applicable in general in the Member States. On December 30, 2024, the majority of the obligations resulting from Regulation (EU)…
The Official Journal of the European Union publishes the corporate sustainability due diligence directive
After it has come into force, companies will have to start the steps needed to ensure fulfillment of the directive’s obligations within the time periods imposed by the European Union. To assist with this task, we share below a chart with the key dates when the obligations for companies will come into force in the…