Sustainable Companies: Spanish Mapping Paper on Company Law Issues

48 Pages Posted: 27 Nov 2012

Date Written: November 27, 2012

Abstract

Climate change is one of the main threats to sustainable development and represents one of the principal environmental challenges that affects the global economy, health, and social welfare. This study aims to examine the Spanish company law on aspects related to climate change and sustainability. This study is structured in four parts. The first one reviews Spanish environmental legislation and presents the main characteristics of Spanish companies. The second part analyses Spanish company law and voluntary initiatives focused on integrating the environmental dimension as a factor in decision-making in companies. The third part refers to corporate groups and their monitoring and duties of the company organs. And the forth part includes the possibilities and barriers from the Spanish company law for sustainable companies. The results of this study show that there is limited regulation that enforces sustainability in Spanish firms and the regulation is only addressed to listed firms, although the future development of the recent Sustainable Economy Act may shed light on some questions about environmental concerns in corporate management.

Suggested Citation

Olmedo, Elena Escrig and Munoz-Torres, Maria Jesus and Fernández Izquierdo, Maria Angeles and Soriano, Raul Leon and Rivera Lirio, Juana Maria and Ferrero-Ferrero, Idoya, Sustainable Companies: Spanish Mapping Paper on Company Law Issues (November 27, 2012). University of Oslo Faculty of Law Research Paper No. 2012-36, Available at SSRN: https://ssrn.com/abstract=2181337

Elena Escrig Olmedo (Contact Author)

Jaume I University ( email )

Castellon
E-12071 Castello de la Plana, Castellón de la Plana 12071
Spain

HOME PAGE: http://www.uji.es/ES/departaments/cofin/estructura/personal/e@/22752?p_per_id=149293

Maria Jesus Munoz-Torres

Jaume I University ( email )

Campus del Riu Sec
E-12071 Castello de la Plana, Castellón de la Plana 12071
Spain

Maria Angeles Fernández Izquierdo

Jaume I University ( email )

Campus del Riu Sec
Department of Accounting and Finance
E-12071 Castello de la Plana
Spain
+34 964 728560 ? 8568 (Phone)
+34 964 758565 (Fax)

Raul Leon Soriano

Jaume I University ( email )

Castellon
E-12071 Castello de la Plana, Castellón de la Plana 12071
Spain

HOME PAGE: http://www.uji.es/CA/departaments/emp/estructura/personal/e@/22752?p_per_id=140280

Juana Maria Rivera Lirio

Jaume I University ( email )

Castellon
E-12071 Castello de la Plana, Castellón de la Plana 12071
Spain

HOME PAGE: http://www.uji.es/CA/departaments/cofin/estructura/personal/e@/22752?p_per_id=7730

Idoya Ferrero-Ferrero

Jaume I University ( email )

Castellon
E-12071 Castello de la Plana, Castellón de la Plana 12071
Spain

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Downloads
80
Abstract Views
3,646
rank
374,132
PlumX Metrics