The importance of sustainability in business development. Review of the legal framework and challenges.

“Sustainability is no longer just an option and it is gradually becoming a particularly complex and costly legal obligation as well as strategic necessity for every business”.
Dimitris Emvalomenos, Lawyer, LL.M. (QMUL), Accredited Mediator of the Greek Ministry of Justice and of the Centre of Effective Dispute Resolution (CEDR), London, UK, Dep. Managing Partner at Bahas, Gramatidis and Partners LLP (BGP), Athens, Greece, summarizes the ESG legal framework, the key issues and challenges for businesses, the significance of ESG dispute resolution by Mediation, and the latest legislative developments at the EU level.
The review is a written presentation and update of a speech delivered by Dimitris Emvalomenos at the AHEPA Conference held in Athens on 20 February 2025, and examines:
- The core EU legal framework on ESG (Environmental, Social, Governance) and its gradual shift from soft law to mandatory regulatory compliance, however within a new, more business-friendly environment.
- The main business challenges arising from ESG compliance, including cost, competitiveness, financing and liability.
- The role of Mediation as an ESG dispute resolution mechanism offering speed, flexibility, and – especially – sustainable solutions.
The analysis is available for reading in the viewer below:
For more information, please contact Dimitris Emvalomenos at +30 210 3318170 and/or via email at d.emvalomenos@bahagram.com