Garrigues Sustainable Newsletter - July 2023
In this newsletter we compile the most relevant legal news on ESG matters in Spain, published by Garrigues.
ESG ratings: sustainability ratings move forward in tandem with credit ratings
Two analysts, one from a credit agency and another from a sustainability rating agency, analyze, together with Garrigues, the keys to assessing ESG factors at companies.
Whistleblowing channels at companies in Spain: the key aspects of the new law protecting whistleblowers from all angles
The law protecting whistleblowers 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. We will be looking at this from various different standpoints: labor law, data protection, criminal law, corporate governance and anti-money laundering and counter-terrorist financing.
Basic equality and diversity obligations at a glance
La proliferación de normativa en materia de igualdad y diversidad ha hecho que las empresas deban estar atentas a toda una serie de obligaciones. Ofrecemos un resumen esquemático con lo esencial para el correcto cumplimiento.
How the EU's new Carbon Border Adjustment Mechanism will affect importers of goods
Under the new EU regulation, there will be certain imports which can only be made by persons or companies recognized as authorized declarants and who acquire sufficient certificates to cover the embedded emissions in the goods imported.
Legislation
- The procedure for a European regulation on ESG ratings has started
- Options for paid leave and 'à la carte' working hours are broadened and other employment measures relating to work-life balance are approved
- The European Parliament approves its position on the Directive on Corporate Sustainability Due Diligence
- By 31 December 2023, producers must notify how they will meet their container obligations
- The EU addresses in depth the principles of transparency and equal pay between men and women and the promotion of genuine equality of persons with disabilities
- Spain: The public consultation period has begun for the draft bill regulating the corporate reporting framework on environmental, social and governance issues
Trends
- The challenges that Spain must tackle to be a leader in the production and storage of green hydrogen in Europe, which everyone foresees
- What does human rights due diligence entail for family businesses?
- Excise tax on non-reusable plastic packaging: the first few months of a very green tax
Latin America
- Mexico: Legislative reform on mining and territorial water concessions
- Chile: the new offenses under the Law on Financial Crimes
Garrigues Sustainable
- Publication of the 2022 Sustainability Report detailing the progress made in terms of our ESG commitment
- Garrigues receives the Instrumental CEOs in the change towards equality award (‘CEOs palancas del cambio hacia la igualdad’) from the Woman Forward Foundation
- Garrigues receives the Sustainability Recognition Award from the Spanish Chamber of Commerce in Mexico
- Garrigues, awarded Best Law Firm in Sustainable Transformation at the 8th 'Expansión Jurídico' Legal Awards
Contacts
