Governance Legislation

Implementation of CSRD Legislation if the necessary requirements are met (more than 500 employees or €40 million turnover must report under CSRD in 2026 with data from 2025), based on Directive (EU) 2022/2464. Companies present their data according to common standards called ESRS, divided into 12 categories covering environmental, social, and governance matters.
Non-Financial Information Statements (EINF) are reports that companies prepare about their activities. The content requirements are defined in Law 11/2018, of December 28.
Corporate Sustainability Due Diligence Directive (to identify, prevent, and mitigate risks related to: (i) Human rights violations (forced labor, child labor, discrimination); (ii) Environmental damage (deforestation, pollution)).

Transparency and Anti-Corruption. Through the creation of Ethics Codes and sustainability and CSR reports.
Anti-Corruption. Law 2/2023 on regulatory infractions and anti-corruption establishes protections for citizens who report breaches of Spanish legislation in a professional context against possible retaliation. It also strengthens a culture of whistleblowing to prevent or avoid threats to public interest.
No Greenwashing Strategies. The recent Directive (EU) 2024/825 prohibits greenwashing practices—dishonest claims that a product is “natural” or “eco-friendly” without certification or supporting analysis. This law regulates the use of vague terms like those mentioned, among others.

European Union Taxonomy. Based on Regulation (EU) 2020/852, it establishes a binding framework to classify economic activities as environmentally sustainable. It mainly affects companies required to report sustainability information under the Corporate Sustainability Reporting Directive (CSRD).