ESG

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

    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 impacted).
  • The European Council gives the green light to the directive on companies’ obligations in relation to the human rights and environmental impacts of their activities

    At a Competitiveness Council meeting held on May 24, the European Council gave final approval to the corporate sustainability due diligence directive which lays down responsibilities for companies and requires them to adopt and implement a climate change transition plan.
  • 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.
  • Reduction of the maximum working hours: 4-day week or fewer hours in annual calculation?

    The question of whether to reduce working hours is being analyzed in different countries. There has been much comment in recent years about the possible reduction of the working week to 4 days. However, this change is not exempt from debate due to the impact it will have on the business organization. For a legislative change in this respect, the formula for implementing this reduction is still to be decided: eliminating one working day a week or reducing the maximum working hours on an annual basis.
  • Garrigues Sustainable Newsletter - April 2024

    In this newsletter we compile the most relevant legal news on ESG matters in Spain, published by Garrigues.
  • Regulation prohibiting products made with forced labor from entering the EU market approved

    The European Commission will set up a database of specific geographic areas or products where there is a risk of forced labor.
  • The European Union gives a new boost to the directive promoting the repair of products to foster the circular economy

    This new regulation, which is part of the Circular Economy Action Plan, seeks to foster more sustainable consumer habits and business models.
  • European Parliament gives green light to Directive on Corporate Sustainability Due Diligence

    The directive regulates companies’ obligations relating to actual and potential adverse human rights and environmental impacts, liability for breaching such obligations and the requirement that companies adopt and put into effect a transition plan to mitigate climate change.
  • The Integra Foundation gives Garrigues one of its 2024 Volunteering Awards

    The Integra Foundation has once again recognized Garrigues’ commitment, giving us one of its 2024 Volunteering Awards. It is a very special recognition dedicated to all the Firm’s volunteers who have participated in the workshops helping individuals at risk of social exclusion to recover the confidence they need to, among other things, get a job.
  • The European Court of Human Rights rules against a country (Switzerland) for the first time for not adopting the necessary measures to meet its climate goals

    In a judgment that sets a very important precedent for climate litigation, the court concluded that the government’s inaction violated the European Convention on Human Rights.