“Reinforcement of the duty of vigilance; expanded non-financial reporting obligations; increased CSR pressure on governance bodies… Business has entered a new era. It is an era in which companies’ contributions to a sustainable, human and planet-friendly world are a central factor in the equation of ecological and social transition.” Louis DE GAULLE
Companies are taking action to face climate change. The most important initiative they are taking is the Power Purchase Agreement (PPA), which involves buying green energy directly from the producer, for fighting a backdrop of inflation in traditional energy prices and increasing CSR regulations. In its new “Observatoire des transitions éner-gétiques”, De Gaulle Fleurance reviews the situation in France and in a dozen other countries, thanks to exceptional contribu-tions from foreign law firms: Siqueira Castro (Brazil), Brigard Urrutia (Colombia), Plesner (Denmark), Rokas Law Firm (Greece), AZB Partners (India), Lexel (Madagascar), SCPA LBTI AND PARTNERS (Niger), Shakespeare Martineau (United Kingdom), KMU Law Of-fice (Turkey).
In the first edition, our lawyers noted that energy and societal transitions have been in the making for over 20 years. With these two new observatories, our specialized lawyers note that these transitions have accelerated both nationally and internationally.
With the exceptional contribution of Patrick de Cambourg, Chair of the EFRAG Sustainability Reporting Board, ISSB Chair Emmanuel Faber, and EuropeanIssuers Chairman Luc Vansteenkiste (who represents companies listed in Europe), Pierrick Le Goff, partner, and Alexandra Nowak, lawyer, at De Gaulle Fleurance, presented the results of the 2022 Observatoire des transitions sociales.
Key figures
23: The number of proceedings brought on the basis of the law on due diligence in France, or twice as many as in March 2021.
32: The number of referrals in 2021 made by the national contact points guaranteeing multinationals’ compliance with the OECD guidelines on the protection of the environment and human rights.
55,000: The number of European companies concerned by the Corporate Sustainability Reporting Directive (CSRD), which will enter into force in 2024, 5 times as many as for the NFRD Directive it amends.
2024: The year from which the sustainability standards developed by the ISSB will be incorporated into the CDP (formerly the Carbon Disclosure Project), a platform of indicators voluntarily adopted by 20,000 companies representing half of global market capitalisation.
The De Gaulle Fleurance law firm, in partnership with Avere-France (French association representing electric mobility players) and in collaboration with six foreign law firms (AlMaghtawi & Partners, DaWo Law Firm Shanghai, Hansu Law Firm, Khaitan & Co, Noerr and WKB Lawyers), provides an update on electric mobility in Germany, Saudi Arabia, China, France, India, Poland, Turkey and in the European Union.
KEY FIGURES
Unveiled at the 10th Dialogues on Inclusion and CSR, the Observatory shows that these transitions have accelerated further, under pressure from civil society, NGOs and consumers, but also from shareholders, investors, companies and public authorities.
3 key figures:
Find the De Gaulle Fleurance Observatory of Societal Transitions 2021 here
De Gaulle Fleurance & Associés, in collaboration with five law firms (AlMaghthawi & Partners, DaWo Law Firm Shangai, Khaitan & Co, ENSafrica and Penteris) and ISFIN, provides an update on energy transitions in South Africa, Saudi Arabia, China, France, India and Poland.
6 key figures
Find the International Observatory of Energy Transitions 2021 here
