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

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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…

EU strengthens disclosure of ESG risks in credit institutions with new requirements
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EU strengthens disclosure of ESG risks in credit institutions with new requirements

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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…

ESRS: The consolidated version of the first set of European sustainability reporting standards is now available in EUR-Lex

ESRS: The consolidated version of the first set of European sustainability reporting standards is now available in EUR-Lex

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These standards, which have applied since January 1, 2024, specify the information that companies must disclose on sustainability matters, as well as the uniform manner in which they must present it. EUR-Lex has published the consolidated version of the set of European Sustainability Reporting Standards (ESRS), including the corrigendum of April 19 and July 19,…

New obligations resulting from the European directive on pay transparency that companies will have to face

New obligations resulting from the European directive on pay transparency that companies will have to face

Byeditor1

EU Directive 2023/970 of the European Parliament and of the Council of May 10, 2023, reinforcing the application of the principle of equal pay for equal work or work of equal value for men and women, has yet to be transposed into Spanish law (the deadline set by the directive for doing so is June…

The Official Journal of the European Union publishes the corporate sustainability due diligence directive
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The Official Journal of the European Union publishes the corporate sustainability due diligence directive

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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…

New Garrigues Sustainability Report 2023
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New Garrigues Sustainability Report 2023

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Just a week ago we celebrated the 22nd anniversary of our accession to the Global Compact. On this noteworthy date, we are presenting the 2023 Garrigues Sustainability Report on the firm’s policies, initiatives, parameters and goals in environmental, social and governance matters relating to the year ended December 2023. The report retains the structure it…

The clock starts ticking for companies following approval of the corporate sustainability due diligence directive
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The clock starts ticking for companies following approval of the corporate sustainability due diligence directive

Byeditor1

The EU act setting out companies’ obligations in relation to the human rights and environmental impacts of their activities is already a reality. Companies are now well advised to familiarize themselves fully with the obligations, and especially, the liability to be faced by the companies included in its scope (and any that will be indirectly…