Environmental and sustainability issues, social factors and employee issues, as well as the application of corporate governance principles, are of increasing importance in business. This is increasingly driven not only by concern for the company's image, which must be attractive to the financial sector, employees and consumers, but also by legislation. The obligation to report on environmental, socio-occupational and corporate governance issues currently applies to large public-interest entities, but according to the CSRD directive adopted at the end of 2022, it will be gradually extended to eventually cover all large entities (from 2025) and all listed companies (from 2026).
Your legal counsel will identify legal risks in the ESG area, develop solutions to manage these risks, such as an ESG strategy and internal procedures, and support you in their implementation and enforcement. They also provide ongoing support in ensuring compliance with statutory requirements and support the client in the reporting process.