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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FDMA Law Firm is delighted to announce its sponsorship of the Athens Negotiation Tournament, ΑΝΤ 2024, marking a significant milestone as the first Greek Law Firm to support this initiative of the new generation of students. This tournament, held at the prestigious Basil & Elise Goulandris Foundation on April 21st, attracted participants from various institutions …
On February 28, 2024 | The proposed EU Directive on Corporate Sustainability Due Diligence encounters a significant setback On February 20, 2024 | The European Parliament’s final green light for the new Directive on Empowering Consumers against corporate greenwashing On February 7, 2024 | A Political Agreement for a two-year delay in the publication of …
The European Union Emissions Trading Scheme (hereinafter referred to as ‘ETS’), which has been in place since 2005, is the EU’s main tool for reducing greenhouse gas emissions and combating climate change. It is estimated to have reduced greenhouse gas emissions in the territories of the EU countries by 42,8 % in the industry sectors …
Law 5066/2023 (hereinafter the “Law”), that has been published on 14th November 2023, incorporates into the Greek legal order the Directive (EU) 2021/2101 of the European Parliament and of the Council of 24 November 2021 amending Directive (EU) 2013/34as regards disclosure of income tax information by certain undertakings and branches. At the same time, its …
