France has transposed the CSRD directive CSRD by introducing a new obligation for companies to publish information on sustainability, the notion of CSR Corporate Social Responsibility therefore becomes essential for companies. Companies must now provide information on their environmental, social and governance (ESG) impact and how these issues affect their activities. environmental, social and governance (ESG) ESG This concerns a larger number of companies, including subcontractors and co-contractors. The entry into force of this obligation is set for January 1, 2024.

Companies will have to use European standards ESRS to facilitate the publication and comparability of information. These must be both qualitative and quantitative, covering the past and the future, taking into account the dual materiality of sustainability issues. They must be published in the companies' management report, in dematerialized form and in a standardized electronic format. An obligation to audit sustainability information is also put in place, with specific rules for auditors and other accredited professions. Non-compliance with these obligations may result in criminal liability for the company manager, and the auditors must report to the Public Prosecutor any criminal acts observed during their mission.Investors are concerned through the notion of ISR (Socially Responsible Investment), ISR, ESG and CSR forming an identical corpus of standards and objectives for companies.

Real estate is particularly concerned by CSR. Its construction process, which is energy-intensive and produces a lot of waste, requires appropriate treatment. Its management and occupation involve a multitude of actors whose interactions are also part of a CSR logic. The real estate transaction requires the production of legal and technical documentation whose purpose is to prevent risks of all kinds likely to affect the building and its users or owners. Real estate players, developers, investors, users, marketers as businesses are also concerned by CSR and the obligations that result from it within the framework of the CSRD.

For all these reasons Areima will pay particular attention to these questions in order to ensure optimal legal security for its clients.