ESG

Environmental, social and governance (ESG) criteria are at the forefront of corporate strategies, due to investor, customer and regulator expectations. The topic has been gaining momentum and is expected to accelerate in the coming years.

ESG is broadening its scope of influence to cover all economic and policy sectors now. From energy, finance and urban planning to tax – these are just a few of the areas that are being impacted.

We advise clients – from multinationals to start ups – in all sectors and areas of ESG-related law, including future mobility, climate change strategies, ESG due diligence and risk assessments, corporate digital responsibility, sustainable supply chains, whistleblowing, ESG funds and green real estate finance.

At CMS, our approach is integrated and multidisciplinary – this enables us to anticipate and understand the issues in the rapidly evolving ESG landscape which in turn allows us to develop innovative solutions for and with our clients.

With their in-depth expertise in these areas, our teams of lawyers around the world identify risks and threats while seizing opportunities arising from the increasing focus on ESG for our clients.

Our aim is to help our clients successfully meet the demands of climate change, technological disruption, urbanisation and social concerns.

Please contact any of our ESG lawyers to explore solutions to your needs.


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07/03/2023
New glob­al agree­ment on the pro­tec­tion and sus­tain­able use of re­sources...
On 4 March 2023, at an inter-gov­ern­ment­al con­fer­ence in New York, ne­go­ti­ations between the rep­res­ent­at­ives of more than 100 coun­tries cul­min­ated in the ad­op­tion of an in­ter­na­tion­al agree­ment on the con­ser­va­tion...
30/01/2023
Emer­ging Europe M&A Re­port 2022/2023
The year 2022 star­ted with vari­ous chal­lenges, in­clud­ing rising in­fla­tion and en­ergy prices. Then the Rus­si­an in­va­sion of Ukraine ad­ded yet an­oth­er one. Non­ethe­less, the M&A mar­ket in emer­ging European coun­tries proved to be ex­tremely re­si­li­ent. The re­gion saw M&A activ­ity main­tain a steady pace, though deal val­ues were not­ably lower. Also, vari­ations could be ob­served across ter­rit­or­ies and sec­tors. While 2022 brought a unique set of chal­lenges, deal­mak­ing largely com­pared fa­vour­ably to pre-pan­dem­ic levels.Wel­come to the 2022/23 edi­tion of the Emer­ging Europe re­port.
09/11/2022
Glob­al Life Sci­ences & Health­care For­um 2022: The Life Sci­ences sec­tor...
The open­ing of COP27 has brought an in­tense glob­al fo­cus on cli­mate change and the tower­ing de­mands needed to reach car­bon net zero and to pro­tect the en­vir­on­ment. United Na­tions Gen­er­al Sec­ret­ary Ant­o­nio...
02/11/2022
Glob­al Life Sci­ences & Health­care For­um 2022: The leg­al sec­tor has a key...
The United Na­tions has pledged to use its pur­chas­ing fire­power to ac­cel­er­ate sus­tain­ab­il­ity along the health­care sup­ply chan­nel and called on the leg­al sec­tor to sup­port its ef­forts. Law­yers are crit­ic­al...
12/10/2022
USB-type C Stand­ard for port­able devices in the EU
On 4 Oc­to­ber 2022, the European Par­lia­ment ad­op­ted a pro­posed law that means by the end of 2024, there will be one single char­ger for all mo­bile phones, tab­lets, di­git­al cam­er­as, head­phones, head­sets...
20/10/2022
CMS ESG Talks
Every­one is talk­ing about ESG (En­vir­on­ment­al, So­cial and Gov­ernance) stand­ards against which the mar­kets are as­sess­ing busi­nesses’ im­pact on so­ci­ety and the en­vir­on­ment, how they are con­duct­ing busi­ness, and their trans­par­ency. Hav­ing an ESG frame­work with­in an or­gan­isa­tion is cru­cial and will be­come para­mount in the fu­ture, not only to at­tract in­vest­ments, but also to re­duce risk, lower cost, im­prove repu­ta­tion and at­tract new cus­tom­ers. This trend will not by­pass Bos­nia and Herzegov­ina, or the re­gion, and the aim of this event is to sup­port the fin­an­cial ser­vices and large cor­por­ate sec­tors to op­tim­ise their ESG-re­lated op­por­tun­it­ies, as well as to man­age the as­so­ci­ated risks. Join CMS ex­perts from Aus­tria, Bos­nia, Ser­bia, Montenegro, and Tur­key to ex­plore the key leg­al de­vel­op­ments re­gard­ing ESG that have already been in­tro­duced or are im­min­ent from both the EU and the non-EU per­spect­ive. Learn about the state of ESG af­fairs in Bos­nia, what our neigh­bours are do­ing and the reg­u­la­tions we can ex­pect from the EU.      Our second pan­el will show­case the mar­ket’s view on ESG. Join our re­spec­ted speak­ers from three renowned in­ter­na­tion­al in­sti­tu­tions—the European Bank for Re­con­struc­tion and De­vel­op­ment (EBRD), In­ter­na­tion­al Fin­ance Cor­por­a­tion (IFC) and Fin­ance in Mo­tion (FiM)—to hear about the glob­al im­pact of ESG gen­er­ally and in re­la­tion to ac­cess to fin­an­cing. We will also be joined by a unique com­mer­cial bank op­er­at­ing in the South­east­ern Europe re­gion that is already act­ive in ESG. This event will provide plenty of op­por­tun­it­ies to in­ter­act with our ex­pert speak­ers and in­dustry par­ti­cipants through the mod­er­ated pan­el and Q&A ses­sions as well as the net­work­ing cock­tail drinks that will of­fer a fruit­ful and pleas­ant con­clu­sion to this event.   
24/06/2022
Reg­u­la­tion on for­eign sub­sidies is head­ing for the fin­ish line - European...
Since 5 May 2022, EU tri­logue ne­go­ti­ations have been un­der­way on the first Reg­u­la­tion to lim­it the ef­fect of sub­sidies from third coun­tries to com­pan­ies act­ive in the EU. That an agree­ment will be reached...
01/06/2022
CMS Next
What’s next? In a world of ever-ac­cel­er­at­ing change, stay­ing ahead of the curve and know­ing what’s next for your busi­ness or sec­tor is es­sen­tial.At CMS, we see ourselves not only as your leg­al ad­visers but also as your busi­ness part­ners. We work to­geth­er with you to not only re­solve cur­rent is­sues but to an­ti­cip­ate fu­ture chal­lenges and in­nov­ate to meet them.With our latest pub­lic­a­tion, CMS Next, our ex­perts will reg­u­larly of­fer you in­sights in­to and fresh per­spect­ives on a range of is­sues that busi­nesses have to deal with – from ESG agen­das to re­struc­tur­ing after the pan­dem­ic or fa­cing the di­git­al trans­form­a­tion. We will also share with you more about the work that we are do­ing for our cli­ents, help­ing them in­nov­ate, grow and mit­ig­ate risk.To be able to provide you with the best sup­port, we im­merse ourselves in your world to un­der­stand your leg­al needs and chal­lenges. However, it is equally im­port­ant that you know who we are and how we can work with you. So, we in­vite you to meet our ex­perts and catch a glimpse of what is hap­pen­ing in­side CMS.En­joy read­ing this pub­lic­a­tion, which we will up­date reg­u­larly with new con­tent.CMS Ex­ec­ut­ive Team
24/05/2022
The ES­As have sub­mit­ted fur­ther SF­DR quer­ies to the Com­mis­sion
I. Back­ground While Level 1 of the Sus­tain­able Fin­ance Dis­clos­ure Reg­u­la­tion (“SF­DR”) has been ap­plic­able for over a year, the in­vest­ment funds man­agers have been fa­cing un­cer­tain­ties with re­gards...
20/05/2022
DEBRA – The new EU tax ini­ti­at­ive aim­ing at pro­mot­ing a fair and sus­tain­able...
With­in the EU a wide­spread asym­metry ex­ists between debt and equity fin­an­cing. Usu­ally, in­terest is tax de­duct­ible from the cor­por­ate in­come tax base while di­vidends do not be­ne­fit from such ad­vant­age...
11/05/2022
SF­DR con­tin­ues to evolve: more gran­u­lar dis­clos­ures to be pro­posed on in­vest­ments’...
Fin­an­cial products with ex­pos­ures in fossil gas and nuc­le­ar en­ergy are likely to have more gran­u­lar re­port­ing re­quire­ments un­der the Sus­tain­able Fin­ance Dis­clos­ure Reg­u­la­tion (“SF­DR”). The European...
11/05/2022
SF­DR’s Prin­cip­al Ad­verse Im­pacts In­dic­at­ors on course to change
The European Com­mis­sion has giv­en the European Su­per­vis­ory Au­thor­it­ies (“ES­As”) a man­date to re­view the SF­DR Del­eg­ated Reg­u­la­tion in­dic­at­ors for prin­cip­al ad­verse im­pact and the fin­an­cial product...