Deadline: 30/10/2023—What Must Businesses Do Under the Greek Climate Law?

October 30, 2023 is a critical date for companies covered under Climate Law 4936/2022. By this deadline, companies must have completed fundamental tasks to comply with sustainable development and reduce their environmental footprint.

Specifically, they need to:

1. Draft and Submit Carbon Footprint Reports
   These reports must detail all greenhouse gas emissions from business activities, including buildings, production facilities, and transportation.
2. Formulate Emission Reduction Plans
   Develop targeted measures and actions to lower carbon emissions, following guidelines from the National Energy and Climate Plan (NECP).
3. Adopt Energy Efficiency and Sustainable Management Policies
   Integrate renewable energy technologies, upgrade equipment, and use circular economy practices to cut waste and boost energy efficiency.
4. Establish Monitoring Mechanisms
   Put in place systems to track progress and verify compliance with the law’s requirements.

Timely completion of these obligations is crucial for meeting the law’s goals. Businesses that fulfill these obligations on schedule not only avoid potential penalties but also actively help address the climate crisis—strengthening their market competitiveness in a sustainable economic environment. For more information about complying with the Climate Law, please contact us.