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Sustainability

Climate change & ESG

Climate Action & Sustainability

Climate change and sustainability are set to be defining issues of this decade. As a future facing law firm, we are committed to addressing our own impact on the environment and approach to sustainability, as well as advising clients with their related legal needs. 

This section of Insight draws together the very latest hot topics, issues, analysis and advice from CMS lawyers across a broad range of Sustainability topics including: 

  • ESG
  • Sustainable Finance & Responsible Investment
  • Climate Change and Carbon Reduction
  • Energy Transition

CMS has a team of lawyers from across the firm with a unique expertise in these areas who are actively engaging with the issues and opportunities arising from Climate Change and Sustainability. Our aim is to help our clients navigate this rapidly evolving legal and commercial landscape while keeping you up-to-date with issues vital to your business with insight from our specialists.

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25/01/2022
Re­ima­gin­ing CEE: EU Tax­onomy re­port­ing has be­gun for banks and busi­nesses...
Wel­come to the first edi­tion of our ‘Re­ima­gin­ing CEE’ series, reg­u­lar Law-Now e-alerts dis­cuss­ing ESG-re­lated up­dates with a par­tic­u­lar fo­cus on the im­pact on busi­nesses across Cent­ral and East­ern...
18/01/2022
The Road to the (Autonom­ous) Fu­ture
It is no longer pos­sible to dis­cuss the fu­ture of trans­port without the ques­tion of autono­ma­tion be­ing raised. The ques­tion of ‘how long’ un­til Autonom­ous Vehicle (AV) de­ploy­ment be­comes a real­ity...
04/01/2022
Bul­garia price hike in re­new­able en­ergy spells 20% short­fall for reg­u­lated...
Bul­gari­a's En­ergy and Wa­ter Reg­u­lat­or Com­mis­sion (EWRC) an­nounced on 1 Janu­ary 2022 that re­new­able en­ergy pro­du­cers in Bul­garia will see their es­tim­ated mar­ket prices rise from BGN 119 per MWh to BGN...
16/12/2021
Car­bon mar­kets and COP26
After six years of ne­go­ti­ation, COP26 re­solved one of the out­stand­ing is­sues of the Par­is Rule­book when it reached a con­sensus on a glob­al car­bon mar­ket mech­an­ism. Art­icle 6 of the Par­is Agree­ment set...
15/12/2021
A role for coal?
The Glas­gow Cli­mate Pact is the first COP de­cision to men­tion coal. This has been widely viewed as a real achieve­ment. Even cam­paign­ers who slam the word­ing of the Pact tend to see the in­clu­sion of coal...
14/12/2021
Fin­an­cing COP 26 out­comes
It was a wa­ter­shed mo­ment, ac­cord­ing to Mark Car­ney. The UN Spe­cial En­voy for Cli­mate Ac­tion and Fin­ance was in­tro­du­cing the Glas­gow Fin­an­cial Al­li­ance for Net Zero (Gfanz): over 450 banks, as­set man­agers...
13/12/2021
Green­house gas re­movals: new tech­no­lo­gies and new mar­kets
“Keep 1.5 de­grees alive” was a com­mon slo­gan at COP26. The Glas­gow Cli­mate Pact which con­cluded the con­fer­ence re­af­firmed the goal, set in the Par­is Agree­ment, to “pur­sue ef­forts to lim­it the tem­per­at­ure...
11/2021
Ad­vising the Board on En­vir­on­ment­al Law Risk in CEE
Dir­ect­ors’ risk re­port En­vir­on­ment­al law is firmly and un­doubtedly a board-level is­sue and all busi­nesses need to fo­cus on how it im­pacts their activ­it­ies. En­vir­on­ment­al au­thor­it­ies ex­pect dir­ect­ors...
04/11/2021
Road to COP 26: re­ima­gin­ing en­ergy: Scot­land v East­ern European per­spect­ives...
Hy­dro­gen Many coun­tries across Europe and bey­ond have set tar­gets for re­du­cing car­bon emis­sions with the UK en­act­ing the net-zero tar­get in­to law just over two years ago. As a res­ult, gov­ern­ments are...
04/11/2021
Re­ima­gin­ing En­ergy – the fu­ture of the heat sec­tor in CEE
One of the main chal­lenges in meet­ing the EU-wide ob­ject­ive to have a cli­mate-neut­ral eco­nomy is the de­car­bon­isa­tion of the heat sec­tor. Heat­ing and cool­ing ac­count for about 50% of en­ergy de­mand in the...
04/11/2021
The European Com­mis­sion launches second call for large-scale pro­ject pro­pos­als...
On 26 Oc­to­ber 2021, the European Com­mis­sion has for the second time ini­ti­ated a call for pro­pos­als of large-scale pro­jects, i.e. those with a cap­it­al cost ex­ceed­ing EUR 7.5 mil­lion, in the con­text of...
02/11/2021
The ce­re­mo­ni­al open­ing of COP 26
Sunday morn­ing saw the open­ing of COP26 in Glas­gow. For the next two weeks, glob­al heads of state, cli­mate ex­perts, and civil so­ci­ety will par­ti­cip­ate in a series of talks, ne­go­ti­ations, and events, all...