Draft law on corporate sustainability reporting

On 15 November, the Official Gazette of the Spanish Congress published the text of the Draft Law on Corporate Sustainability Reporting, which amends the Commercial Code, the Companies Act and the Accounts Auditing Act (the “Draft Law”).

The objective of this Draft Law is to transpose Directive (EU) 2022/2464 of the European Parliament and of the Council of 14 December 2022 amending Regulation (EU) No 537/2014, Directive 2004/109/EC, Directive 2006/43/EC and Directive 2013/34/EU, as regards corporate sustainability reporting (the “Directive”).

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