Companies increasingly need to look at how sustainability aspects affect their business activity and how, in turn, their business activity impacts on the ecological and social concerns of the company. Market pressure is increasing as is the standardisation of sustainability obligations (CSR obligations). The corresponding legal principles are part of an interconnected system of international and national rules and regulations with the help of which the UN Agenda 2030 as well as the European Green Deal are meant to be put into practice. The EU Taxonomy Regulation, the CSR reporting duties, the disclosure and consultation obligations for financial products, the due diligence obligations along the supply chain, greenwashing are only a few of the topics that are relevant in this context.
The EU Taxonomy Regulation and the EU Corporate Sustainability Reporting Directive (CSRD) have extended the number of companies obliged to engage in reporting as well as the content of the reporting considerably. Any additional duties are associated with new liability risks. Additions must be made to existing compliance systems to record ESG liability risks for companies and their managers and prevent damage.
Sound solutions reduce legal risks
The development and implementation of individual sustainability solutions give rise to many legal questions. What measures are you legally obliged to carry out and which ones are voluntary? How do you make sure that your company meets these goals and, by doing so, is commercially successful? Do your employees and your clients know about your sustainability goals? How do you remunerate your managers for sustainable management? Which qualifications does the supervisory board need to be able to adequately advise and monitor the management? Do you fulfil the expectations of your investors? What are you allowed to use for advertising purposes and what is greenwashing? For family-owned companies: Have you included your sustainability strategy in your family constitution? We ensure that individual sustainability strategies are based on legally secure foundations.
We are experts in sustainable management, lecturers in sustainable corporate governance at the EBS Business School and authors of a book on the subject matter published by Springer Gabler.
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