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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.

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


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05/12/2024
Updated EU Chemicals, Labelling and Packaging (CLP) Regulation: implications...
The updated EU Classification, Labelling and Packaging of hazardous chemicals Regulation (CLP Regulation) was published in the Official Journal of the EU on 20 November 2024 and enters into force on 10...
02/12/2024
European Commission publishes draft notice on the EU Taxonomy Regulation
On 29 November 2024, the European Commission published a draft notice, in the form of FAQs, on the interpretation and implementation of certain legal provisions of the Delegated Acts to the EU Taxonomy...
29/11/2024
Hydrogen law, regulations & strategy in Italy
CURRENT STATUS OF HYDROGEN PROJECTS The three-year period from 2022 to 2024 can be seen as a period of significant transformation for the hydrogen market in Italy, mainly due to the implementation of...
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28/11/2024
CMS’s insights on COP29 themes
The discussions at COP29 Azerbaijan show how difficult it is to achieve global environmental goals. CMS lawyers have been reflecting on the themes of the conference in short videos and articles, housed...
19/11/2024
ESG update: transition planning, sustainability disclosures and enforcement
A lot has happened in the world of ESG over the last few weeks. We have seen important announcements from the UK Government, the conclusion of COP16 and the ongoing COP29 (which you can read about here...
08/11/2024
COP16 – some breakthroughs made, but key issues left unresolved
2 November 2024 marked the conclusion of the 16th meeting of the conference of the parties to the Convention on Biological Diversity (the “Con­ven­tion”) in Cali, Columbia (“COP16”). Over 23,000...
02/10/2024
Taskforce on Inequality and Social-related Financial Disclosures launched
On 23 September 2024, the Taskforce on Inequality and Social-related Financial Disclosures (“TISFD”) was launched.The TISFD, which has been launched to bring attention to the financial risks presented...
19/07/2024
Commission Delegated Regulation on sustainability disclosures for STS se­cur­it­isa­tions...
IntroductionThe Commission Delegated Regulation, supplementing Regulation (EU) 2017/2402 (the “Se­cur­it­isa­tion Reg­u­la­tion”[1]), entered into force on 8 July 2024 (the “Commission Delegated Regulation”...
09/07/2024
Legal guide for company directors and CEOs in Italy
Because environmental, social and governance (ESG) is such an increasing focal point of good corporate governance, we address ESG duties and responsibilities first. For more general duties and re­spons­ib­il­it­ies...
05/07/2024
ESAs’ final reports on Greenwashing in the financial sector
Back­ground­Man­dated by the European Commission (the “EC”) in May 2022, the European Supervisory Authorities (“ESAs”) published their individual final report (the “Final Report”) on greenwashing...
20/06/2024
ESAs propose improvements to the SFDR and suggests introducing categories...
BackgroundOn 18 June 2024, the three European Supervisory Authorities (EBA, EIOPA, and ESMA, collectively known as the ESAs) published an opinion (the Opinion) on the evaluation of the Sustainable Finance...
15/05/2024
The European Commission reports on the open and targeted consultations...
BackgroundThe Sustainable Finance Disclosures Regulation (SFDR1) applies since March 2021 with a view to providing transparency to investors about the sustainability risks associated with their investments...