Since October 2018 (Law 26/2007), Spanish companies must have a financial guarantee that allows them to face the environmental responsibility inherent to the activity they carry out.

This Law establishes that the amount of the financial guarantee will be determined on the basis of an Environmental Risk Analysis of the activity. The steps for the constitution of the obligatory financial guarantee are

  • Identify accidental scenarios and establish probability of occurrence
  • Estimate an index of associated environmental damage
  • Calculate the risk associated with each accidental scenario
  • Select lower rate scenarios that account for 95% of the total risk
Environmental risk analysis
  • Once the cost has been quantified and the guarantee established, the measures detected allow:

    • Take preventive actions to reduce environmental risks
    • The possibility of reducing the financial guarantee
  • Having the contracted environmental responsibility insurance does not exempt the organization from carrying out the environmental risk analysis

Do you know if your company should do it and avoid the fine?


At Euro-Funding we collaborate with companies in the definition of the risks associated with their activity by quantifying the cost of repairing possible environmental damage that would be caused by an accident, following the UNE 150.008 Standard for Analysis and Evaluation of Environmental Risk or equivalent standards.

This allows us to know if the facility can benefit from the foreseen exemptions:

  • Operators of activities likely to cause damage whose repair is assessed at less than 300,000 euros.
  • Operators of activities susceptible to causing damage whose repair is evaluated for an amount between 300,000 and 2,000,000 euros that they accredit by means of the presentation of certificates issued by independent bodies, which are permanently and continuously adhered to, either the Community Eco-Management and Audit Scheme (EMAS) or the environmental management system UNE-EN ISO 14001 in force.
  • The use of plant protection products and biocides referred to in paragraph 8(c) and (d) of Annex III for agricultural and forestry purposes is exempted from the notification provided for in Article 24(3).
  • Operators of activities that are established by regulation on the basis of their low potential for environmental damage and low accident rate are also exempted from making the notification provided for in Article 24(3)

Furthermore, the 92% of our clients have highlighted in our satisfaction survey our capacity to react to a problem.