Environmental, Social and Governance (ESG)

Climate change and sustainability are set to be defining issues of this decade. CMS is committed to addressing our own impact on the environment and approach to sustainability, as well as advising clients with their related legal needs.

The shift to a sustainable energy sector and the decarbonisation of existing energy systems, agrowing market for sustainable investments, increased focus on ESG criteria in urban planning, tax reforms and sustainability incentives to reach climate goals – these are just a few of the developments that are shaping the business environment.

Our teams are helping clients to navigate this rapidly evolving legal and regulatory landscape and advising on first-of-their-kind deals.
 

To find out how CMS can support you and your business with ESG click here >>

Recent Articles

  •  
    16/05/2024
    United Kingdom

    ESMA releases Final Report on Guidelines for fund names using ESG or sus­tain­ab­il­ity-re­lated terms

    On 14 May 2024, ESMA released its Final Report setting out its finalised guidelines (the “Final Report Guidelines”) on the use of ESG and sustainability-related terms in investment fund names. Following the incorporation of feedback received from stakeholders and market participants to the proposals in the Consultation Paper released on 18 November 2022 (the “Consultation Paper Proposal”), several changes have been made to the Guidelines – which we summarise below.ESMA considers that fund names, as the first information seen by investors, can materially impact investors’...
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  •  
    15/05/2024
    United Kingdom

    From redundancy to recovery: workplace mental health

    During Mental Health Awareness Week, 13 – 19 May 2024, employers are encouraged to reflect on best practices for supporting their employees' mental health. This is particularly relevant for employers who have recently been through or who are engaged in redundancy processes. Evidence shows that investing in the mental health of employees is crucial. Not only does it contribute to a more positive work environment and employee well-being, but it also enhances productivity, morale, and retention rates.In this Law-Now, we explore the mental health challenges of the retained employee population...
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  •  
    14/05/2024
    Hungary

    EU introduces criminal offences and penalties for sanctions violations

    Criminal offencesUnder the Directive, the following conduct constitutes a criminal offence when committed intentionally and in violation of restrictive measures or a national provision implementing restrictive measures:making funds or economic resources available directly or indirectly to, or for the benefit of, a designated person, entity or body;failing to freeze funds or economic resources belonging to or owned, held or controlled by a designated person, entity or body;enabling designated natural persons to enter into, or transit through, the territory of a EU member state;entering into or continuing...
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  •  
    07/05/2024
    International

    Energy and climate change: The most significant climate change litigation decision yet?

    In Verein KlimaSeniorinnen Schweiz and Others v. Switzerland (application no. 53600/20), the European Court of Human Rights (ECtHR) issued arguably the most impactful and far-reaching ruling on climate change by any European court. The decision has the potential to impact individuals, businesses, and governments in a radical way by casting the law (and courts) rather than governments (and parliaments) as the ultimate body responsible for deciding whether public authority action and inaction are appropriate in the context of climate change. Furthermore, if NGOs determine that a public authority...
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  •  
    26/04/2024
    Turkiye

    European Court of Human Rights Issues Landmark Climate Ruling with Implications for Türkiye and Beyond

    In a landmark judgment, the European Court of Human Rights (“ECtHR”) recently handed down a judgement on climate-related legal disputes, setting a precedent that has attracted attention beyond the country's borders, including in Türkiye. The case, Verein KlimaSeniorinnen Schweiz and Others v. Switzerland (Complaint no. 53600/20), underlines the increasing recognition of climate change as a human rights issue and the legal obligations of states to address it.The judgement of the ECtHR is based on a complaint by the association KlimaSeniorinnen Schweiz and others against Switzerland....
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  •  
    17/04/2024
    England and Wales

    AI-driven enforcement comes of age in UK with AI systems reshaping advertising and regulation and enforcement – ASA’s 2023 Annual Report

    The UK’s Advertising Standards Authority (ASA) has published its 2023 annual report, describing 2023 as a watershed year for its digital strategy.Together, the ASA and the Committee of Advertising Practice (CAP) secured the amendment or withdrawal of 27,378 ads in 2023, a remarkable 92% of which resulting from proactive work largely powered by the ASA’s Active Ad Monitoring System. In December 2022, the ASA ran 20,000 ads through the system, which rose to over 600,000 ads per month by the end of 2023. This system forms a key part of the ASA’s 2024 to 2028 strategy on AI-assisted...
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