The revised Spanish Code for Corporate Governance, 2015

Spain Current 2015

The revised code encourages companies to report on their Corporate social responsibility (CSR) activities using international frameworks, but doesn’t specify any in particular. Absent in the previous code, CSR is now the object of express recommendations in the Code. Its intention is to define minimum content of the policy of a company in this area (targets, commitments, practices, etc.), as well as its evaluation and promotion.

Scope

General sustainability/ESG/non-financial

Industry sectors covered by the instrument

All/none specified

Organizations covered by the instrument

All organizations except those in the public sector

Issuer type

Financial Regulators

Type of instrument

Legislation

Mandatory or voluntary

Voluntary

The geographical scope

National/federal

Project Partners