Corporate sustainability in Spain is evolving, driven by the growing adoption of ESG (Environmental, Social, and Governance) regulations and the pressure for more transparent and responsible corporate performance. According to recent data, 70% of Spanish companies have already begun to implement sustainability policies, demonstrating that this transition is not just a trend, but a strategic necessity.
Access to the most updated and complete ESG Observatory
At PKF Attest, we have developed the ESG Observatory Report to take an in-depth look at how companies are responding to this transformation, with a special focus on the impact of the CSRD Directive and the European Sustainability Standards (ESRS).
We analyze the European and Spanish ESG regulations, environmental regulations, social and governance regulations in which we highlight trends, degree of adaptation of regulations, costs, etc...
Keys to the ESG landscape in Spain
The Corporate Sustainability Reporting Directive (CSRD) will be a fundamental pillar to ensure transparency in corporate reporting. Although its transposition into Spanish law is in process, it is already expected to mark a significant change by requiring companies to report not only financial results, but also environmental and social impacts. The incorporation of the European Sustainability Reporting Standards (ESRS), which include key concepts such as dual materiality and value chain analysis, further raises expectations for companies. These standards encourage detailed disclosure of key metrics, such as turnover and operating expenses related to sustainable activities, forcing financial managers to integrate more deeply into sustainability efforts.
Challenges and opportunities for companies
Implementing ESG regulations involves not only operational and organizational challenges, but also opportunities to generate added value. Companies that adopt a proactive strategy will be better positioned to access sustainable financing, enhance their reputation and attract talent. In addition, ESRS reporting requires close collaboration between finance, operational and sustainability departments, transforming business management in a holistic manner.
At PKF Attest, our ESG Observatory Report highlights how sustainability has become an essential element for business success. As regulations and stakeholder expectations evolve, companies have the opportunity to lead the shift towards a more sustainable, transparent and competitive business model.
