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

  •  
    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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  •  
    03/04/2024
    Ukraine

    Register of Damage for Ukraine is open for claims submission

    On 2 April 2024, the Register of Damage for Ukraine opened the claims submission process for compensation for damage, loss or injury caused by Russian aggression against Ukraine. The launch took place as part of the Ministerial Conference "Restoring Justice for Ukraine" co-hosted by the Netherlands, Ukraine and the European Commission at the World Forum in The Hague.As a reminder, the official website of the Register of Damage for Ukraine was launched on 4 March 2024. The website contains the following:documents governing the work of the Register;answers to frequently asked questions on the Register’s...
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  •  
    02/04/2024
    Turkiye

    Green Claim and Green Litigation in Türkiye

    I.      Green Claim1.     DefinitionA ‘green claim’ is a claim that a product or service is environmentally friendly or sustainable. Such claims highlight environmental benefits, such as reducing the environmental impact of the product's production process or conserving natural resources. Countries have developed different practices to verify the authenticity of these claims and to prevent consumers from being misled. Inspection mechanisms have also been organised to prevent such false claims.2.     Control Mechanisms...
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  •  
    27/03/2024
    Europe

    Inflation Reduction Act

    The ActOn 16 August 2022, the US took an important step in the history of clean energy and climate change with the adoption of the Act. The Act establishes energy communities and offer production and investment tax credits for clean electricity, bonus credits for projects located in an energy community to ensure workers and communities are included in sustainable growth and prosperity.The Act, often deemed as the most significant climate legislation in the US history, provides financing, programmes and incentives to enable significant deployment of new sources of clean electricity, accelerating...
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  •  
    27/03/2024
    Turkiye

    ESG Aspect of M&A Transactions: Best Practice or an Inevitable Requirement?

    In the recent decade, environmental, social and governance (“ESG”) factors have become an integral part of corporate decision-making processes and have evolved into a critical framework for stakeholders aiming to align with sustainable and responsible practices. Financial institutions and investors worldwide are increasingly integrating ESG into their investment considerations. This is mostly driven by benefits such as risk mitigation, regulatory compliance, competitive returns, innovation and enhanced reputation.Hence, mergers and acquisitions (“M&A”) are also heavily...
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  •  
    27/03/2024
    Europe

    Another step towards green transition: EU’s Deforestation Regulation

    As global concerns about environmental sustainability and climate change escalate, regulators around the world are adopting increasingly stringent measures to address pressing issues such as deforestation. One such regulation is the European Union’s Deforestation Regulation (“EUDR”) which entered into force on 29 June 2023, and which has significant implications for companies operating in affected industries. This regulatory evolution aligns with broader global conversations, including deliberations at the 28th Conference of the Parties (“COP28”), and underscores the...
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ESG – Environmental, social and governance

We help you identify risks and opportunities arising from the increasing...

CMS Expert Guide to ESG Compensation

Incorporating ESG KPIs into directors’ remuneration