Below is an excerpt from ISS-Corporate’s recently released article “Spain Introduces Mandatory Climate Disclosure: What Companies Must Report under Royal Decree 214/2025”. The full article is available on ISS-Corporate’s resources page.
In response to increasingly severe climate impacts – including record-breaking temperatures, wildfires, and floods – the Spanish government has introduced Royal Decree 214/2025 as part of its broader national Climate Emergency Plan. This new legislation introduces mandatory climate disclosure requirements for companies and public entities operating in Spain, with the aim of advancing the country’s goal of achieving climate neutrality by 2050.
Overview of Royal Decree 214/2025
Starting in 2026, a large number of companies either incorporated in Spain or conducting business there will be required to report their greenhouse gas (GHG) emissions and publish credible reduction plans. The decree also helps address gaps left by delays and potential revisions to the EU’s Corporate Sustainability Reporting Directive (CSRD), particularly in relation to climate-specific disclosures.
By:
Aya Batyrbekova, Associate Director, Head of Sustainability Advisory – EMEA & APAC, ISS-Corporate
