Garrigues Sustainable Newsletter - January 2023
In this newsletter we compile the most relevant legal news on ESG matters in Spain, published by Garrigues.
Governance and fiscal control as a key element of good corporate governance
In a new edition of “Garrigues Sustainable Dialogs”, José Vicente Iglesias, a partner in Garrigues’ Tax Department, discussed with Javier Martín, professor of Financial and Tax Law, the increasing importance attached to taxation from the corporate governance perspective.
Green bonds, an opportunity for fostering sustainable tourism
Partners from Garrigues met with Meliá and Azora executives to discuss the role green bonds can play in the tourism industry, in the latest Garrigues Sustainable Dialogs encounter.
Directive on corporate sustainability reporting is published
The new EU legislation requires companies to report regularly on the effect of their activities on people and the environment.
Publication of the EU directive on improving gender balance on company boards
The new EU rules, which will have to be transposed into national law, promote more balanced representation on the boards of listed companies in all Member States.
Legislation
- This is what the Euro 7 standards to reduce pollution from motor vehicles look like
- The European Directive regulating minimum wages is published in the Official Journal of the European Union (OJEU)
- New economic sustainability measures for carriage by road and air
- Advances in the reform that will require certain companies to calculate and prepare a reduction plan for their carbon footprint
- The Council of the European Union publishes its Decision on guidelines for the employment policies of the Member States
- Order approving job evaluation procedure jobs from a gender perspective is published
- Spain ratifies Additional Protocol to European Social Charter providing for a system of collective complaints to the Council of Europe
Trends
- 2023: The most significant legal developments that companies in Spain should keep on their radar
- Spain: New steps in the process for approval of the Sustainable Mobility Bill
- Member States must assess the environmental impact of urban development projects on places of historical, cultural or archaeological significance, according to the Advocate General of the CJEU
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