Sustainability is key for both companies and the environment. Let Fondia’s lawyers help you comply with regulations, minimize risks and seize new possibilities.
The Taxonomy Regulation classifies what constitutes an environmentally sustainable investment and outlines reporting requirements for larger, listed companies and financial players as of 2022. Companies that are not covered can also benefit from aligning and reporting, as doing so can, amongst other things, provide greater access to funding, investments and protection against allegations of greenwashing.
The EU's goal is to become climate neutral by 2050. To achieve this, it has proposed including that goal in a climate law that requires EU institutions and national governments to act to achieve it. It’s very likely that we will see more statutory sustainability requirements for companies in the future in order to achieve climate neutrality by 2050.
The EU Commission is expected to present a legislative proposal on environmental and human rights due diligence during 2021. The aim is to help companies identify, prevent and mitigate real and potential risks that their activities may cause in this area. According to the European Parliament's previous proposal, small and medium-sized enterprises will be covered but also regulated to some extent.