ESG Tracker Spanish edition | 4 January 2023

There are so many ESG-related publications and developments that it is hard to keep abreast of them all. For this reason, every two weeks, our firm has been publishing a tracker of ESG-related publications and developments, with a primary focus on developments that may be of most interest to or impact our clients, be they corporates, asset managers or asset owners.

Key updates covered in this edition include:

• COP15 concluded in Montréal with a global agreement to protect nature, biodiversity and the planet;
• agreed revisions to the EU Emissions Trading System to strengthen the system by reducing allowed emissions and including new sectors (eg shipping and aviation);
• the EU agreed the Carbon Border Adjustment Mechanism to apply import taxes for embedded carbon in certain goods imported into the EU;
• The Spanish Council of Ministers has approved the Sustainable Mobility Bill that will be sent to the Parliament for processing and approval in 2023;
• The Spanish Government has approved the reform of the Spanish Forestry Program to guarantee a good forest management.

Read the complete tracker, here.

If you have any ESG-related questions, please get in touch with your usual contact at HSF who will be able to direct you as appropriate.

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