Publications - Corporate Governance and Sustainable Development
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.
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.
Spain: The Draft of the Corporate Sustainability Reporting Law arrives to the Parliament
The Council of Ministers has given the green light to the Draft of the Corporate Sustainability Reporting Law for the companies’ disclosure of the ESG matters, that will be processed as urgent.
ESRS: The consolidated version (including the corrigendum) of the first set of European sustainability reporting standards is now available in EUR-Lex
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.
Publication of the organic law on equal representation and a balanced presence of women and men
This proposal transposes into Spanish law the European directive on improving the gender balance among directors of listed companies and related measures, although it is more demanding in its scope than the provisions in the EU act. In labor law…
The CNMV's new guide on audit committees includes new indications on sustainability reporting
The updated document brings the terminology used into line with the provisions of the CSRD Directive, draws a distinction between the roles of audit committees and those of sustainability committees, and offers recommendations regarding the…
Implementation guidance documents and other news connected with the European sustainability reporting standards (ESRS)
EFRAG, the European Commission’s independent technical advisory body for preparation of the sustainable reporting standards, launched a public consultation on the first implementation guidance documents and the standards for SMEs. Furthermore, the…
Spain: Publication of the Bill for an organic law on equal representation and a balanced presence of women and men
This proposal transposes into Spanish law the European directive on improving the gender balance among directors of listed companies and related measures, although it is more demanding in its scope than the provisions in the EU act.
2024: main new legislation needing to be considered by companies in Spain
Professionals in the various practice areas at Garrigues take a look, from all angles of business law, at the main new legislation that companies will face in the coming year.
The European Commission approves the first set of sustainability reporting standards to be used by companies
In compliance with the mandate given in the corporate sustainability reporting directive (CSRD), the European Commission has approved a delegated act adopting the first set of reporting standards.
The European Parliament approves its position on the Directive on Corporate Sustainability Due Diligence
With this vote, the European Parliament has taken another step in the approval of the Due Diligence Directive (known by the acronyms CS3D/CSDD), aim of which is to ensure that companies operating in the internal market adopt measures to identify,…
Whistleblowing channels at companies in Spain: the key aspects of the new law protecting whistleblowers from all angles
The law protecting whistleblowers in Spain requires companies with 50 or more workers to have an internal whistleblowing system in place and sets out fines of up to €1,000,000.