29.11.2024
ESG: The Perfect Storm. Is Your Company Ready for the New Legal Landscape?
The business world is undergoing an unprecedented transformation driven by ESG criteria. The growing awareness of climate change, social inequality and corporate governance is giving rise to a new era of regulation, requiring companies to adapt quickly.
Por
Cobo Aragoneses, José Luis What challenges does the new ESG regulatory environment pose?
- Increasing regulation: The European Union and Spain are increasingly adopting regulations and directives related to sustainability, which implies new requirements for companies across various sectors. These regulations range from transparency in non-financial information to the obligation to integrate ESG (Environmental, Social, and Governance) criteria into corporate decision-making. Companies must be prepared to comply with these new regulations, which may require significant changes in their operations and strategies.
- Drive to net zero: The transition towards a low-carbon economy is forcing companies to review their business models and adopt measures to reduce their carbon footprint. This includes implementing cleaner technologies, optimizing processes, and adopting sustainable practices. Companies that do not adapt to these changes may face penalties and lose competitiveness in an increasingly sustainability-conscious market.
- Post-COVID labor and safety laws: The pandemic has highlighted the importance of worker health and safety, leading to new regulations and protocols. Companies must ensure they comply with these new regulations to protect their employees and avoid potential litigation. This includes implementing additional safety measures, promoting employee well-being, and adapting to new work formats, such as remote work.
How can ILP Abogados help you?
We offer comprehensive advice to help you navigate this new regulatory environment:
- Policy design: We develop internal policies and procedures aligned with ESG principles.
- Legal representation: We represent you in administrative and judicial proceedings related to ESG matters.
Don’t get left behind. Contact us!
For more information, please refer to the following article:
ESG: The New King in M&A? Discover How They Impact Your Deals!
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