Energy Transition

The IIDMA has submitted allegations to the draft royal decree that develops the legal framework for energy communities.

The draft royal decree introduces an appropriate framework that provides legal certainty, foresees the identification and removal of barriers, and contemplates the necessary measures for the development of energy communities, but it also raises questions about which legal entities can be used for their constitution.

Environmental information, the significant absentee in non-financial information statements. Much ado about nothing.

According to Law 11/2018, large companies are required to prepare a non-financial information statement (NFIS) that includes, among other things, the impacts of their activities on the environment. However, the majority of NFIS from financial institutions, such as banks and insurers, lack the required environmental information.