Insights by Maria El. Stefanaki, Attorney-at-Law, LL.M. Cambridge/ESG Officer (ISO/ IEC 17024), MSc (c) in Sustainability Management, as presented in the 5th International Symposium on Law and its Applications for Sustainable Development, (17–20 November, Cebu, Philippines). Why does ESG still matter even as mandatory reporting is delayed? FDMA participated in the 5th International Symposium on …
Recent tax highlights: On July 28th 2025 Law 5222/2025 was published, introducing the new National Customs Code, a unified legal framework that provides greater transparency in customs procedures while ensuring enhanced compliance with the relative European Union legislation. The new Customs Code introduces several digital procedures as to filings of declarations and arrival notifications. It …
The VSME (Voluntary Sustainability Reporting Standard for non–listed SMEs (www.vsme.gr) has been positioned by the Omnibus proposal, as the proposed simplified structured alternative, for companies no longer under the CSRD, reducing complexityandhelping companies focus only on material topics, without the heavy burden of full CSRD compliance. However, regardless of the chosen reporting framework (under CSRD …
Η ραγδαία ανάπτυξη των Ανανεώσιμων Πηγών Ενέργειας (ΑΠΕ) καθιστά επιτακτική την ανάγκη για την παράλληλη ενσωμάτωση συστημάτων αποθήκευσης της παραγόμενης ενέργειας, η οποία προϋποθέτει ένα σαφές, σταθερό και λειτουργικό νομικό πλαίσιο. Με τον νόμο 4951/2022 (ΦΕΚ Α 129/4.7.2022) η αποθήκευση αποτελεί αυτοτελή ενεργειακή δραστηριότητα κοινής ωφέλειας και υπό την εποπτεία του κράτους (άρθρο 1 εδ.β …
A. Reassessment of ESG principles As Europe simplifies its ESG framework through the recent reforms of the “Omnibus Package” and “Competitiveness Compass”, reassessing the relationship between Greek businesses and ESG principles becomes critically significant. The Economic Analysis Division of the National Bank of Greece (NBG), has recently published (May 2025) an extended research, conducted on …
1. Voluntary reporting The Omnibus proposal, apart from reducing the scope of mandatory reporting by 80% –i.e. CSRD remaining mandatory only for companies with more than 1.000 employees or revenue of more than 50 mn euros net turnover- it also points to a new simplified path regarding sustainability reporting: the VSME (Voluntary Sustainability Reporting Standard for …
1. The Law 5164/2024: The recent enactment of Law 5164/2024 (Government Gazette A’ 202/12-12-2024), incorporating the “Corporate Sustainability Reporting Directive” (CSRD) into domestic law, is a key milestone in the course of sustainable development of Greek companies, as it has rendered mandatory (gradually, according to the size of the companies) the submission of sustainability reports, …
Εφαρμογή Οδηγίας CSRD στην Ελλάδα Η ευθυγράμμιση των ελληνικών επιχειρήσεων με τις αρχές της βιώσιμης ανάπτυξης αποτελεί πλέον βασικό κριτήριο χρηματοδότησής τους. Δημιουργία νέων ευκαιριών ή σύσταση νέων υποχρεώσεων; Η πρόσφατη ενσωμάτωση της Οδηγίας CSRD (Corporate Sustainability Reporting Directive – 2022/2464/ΕΕ) στην ελληνική νομοθεσία (Ν. 5164/12.12.24) καθιστά υποχρεωτική την υποβολή εκθέσεων βιώσιμης ανάπτυξης (κατ’ εφαρμογήν …
“Speaking the same language”?As provided by the CSRD (Corporate Sustainability Reporting Directive), companies operating within the European Union will gradually produce – beginning this year – their first sustainability reports under unified ESRS (European Sustainability Reporting Standards), ensuring that all corporations “speak the same language when telling their sustainability stories.” Slowing down regulatory compliance?However – …
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