A recent report from the European network EIONET, linked to the European Environment Agency, places Spain in 22nd place out of 34 in terms of compliance with the Sustainable Development Goals (SDGs) within its sustainability assessment in Europe for 2023. /24. In the first places, the northern European countries stand out, such as Finland, Sweden and Denmark, while Spain is in an intermediate position, along with other nations in the Mediterranean area, such as Italy and Portugal.

The fact that Spain is in this position indicates that, despite making good progress and making efforts to address sustainability challenges, there is still a long way to go, especially for companies,” comments Alberto Zamora, CEO of osapiens. ,

The latest analysis of the UN Global Compact Spain reinforces this message, highlighting the need for companies to intensify their contributions to the SDGs. Although 81% of business leaders believe their companies support the SDGs, only 48% believe the private sector as a whole is doing enough.

Sustainability challenges in Spain

To advance the SDGs, osapiens identifies five key areas that companies should focus on:

  1. Greater transparency and communication: on advances in ESG criteria, because both investors and conscious consumers demand this information. Companies will need to collect, analyze and share large volumes of data.

To align business objectives with sustainability needs, companies must adopt technological solutions that allow them to have all the information about their actions.

  1. Investment in sustainable technologies: that help comply with ESG regulations and demonstrate a sustainable approach throughout the value chain.
  2. Incorporation of ESG criteria in decision making: through a cultural and strategic transformation in organizations.
  3. Measurement and monitoring;continued progress towards the SDGs, which will involve data collection, performance evaluation and dissemination of results.
  4. Regulatory compliance: European regulations, such as the Sustainability Due Diligence Directive (CSDDD), the Corporate Sustainability Reporting Directive (CSDR), and the upcoming Deforestation-Free Products Directive (EUDR), which increase pressure on companies to adhere to the sustainability standards.
Alex Chen
Alex Chen

Alex Chen serves as the chief editor of Asia Tech Journal, bringing over a decade of experience in technology journalism. Previously writing for several globally renowned publications, Alex is celebrated for his insightful analyses and in-depth reporting on tech trends across Asia. Passionate about innovation, Alex specializes in the dynamic technology ecosystem of China and its global impacts.