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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.

29/04/2022
ESG Ex­change CEE - join the con­ver­sa­tion
ESG con­sid­er­a­tions are in­creas­ingly re­cog­nised as in­ter­re­lated busi­ness is­sues, crit­ic­al to long-term share­hold­er value and busi­ness re­si­li­ence, which re­quire to be put at the head of the safety of an or­gan­isa­tion and mon­itored at board level.ESG Ex­change CEE is a series of short videocasts with CMS ex­perts and guests ad­dress­ing chal­lenges and trends rel­ev­ant to CEE busi­nesses, as the re­gion’s fo­cus on ESG re­port­ing in­creases fol­low­ing EU tax­onomy com­ing in­to ef­fect in Janu­ary 2022.
03/02/2022
Re­ima­gin­ing In­dustry
CEE Leg­al Mat­ters spoke with CMS Part­ner and Head of En­vir­on­ment­al Law Prac­tice in Po­land and CEE Ag­nieszka Skoru­p­in­ska and CMS Tur­key Man­aging Part­ner Done Yal­cin about the im­pacts of the EU Green Deal...
Law-Now: Sus­tain­ab­il­ity

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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...
29/04/2022
ESG Ex­change CEE - join the con­ver­sa­tion
ESG con­sid­er­a­tions are in­creas­ingly re­cog­nised as in­ter­re­lated busi­ness is­sues, crit­ic­al to long-term share­hold­er value and busi­ness re­si­li­ence, which re­quire to be put at the head of the safety of an or­gan­isa­tion and mon­itored at board level.ESG Ex­change CEE is a series of short videocasts with CMS ex­perts and guests ad­dress­ing chal­lenges and trends rel­ev­ant to CEE busi­nesses, as the re­gion’s fo­cus on ESG re­port­ing in­creases fol­low­ing EU tax­onomy com­ing in­to ef­fect in Janu­ary 2022.
25/04/2022
Com­mis­sion's pub­lic con­sulta­tion on the re­vi­sion of the Air Ser­vices Reg­u­la­tion
On 3 March 2022, the European Com­mis­sion launched a pub­lic con­sulta­tion for the re­vi­sion of the Air Ser­vices Reg­u­la­tion. Un­til 26 May 2022, any in­ter­ested per­son is in­vited to sub­mit com­ments on the prob­lems...
13/04/2022
Fol­low­ing the green line – the green mort­gage
Wel­come to the next 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...
08/04/2022
The Pro­posed Dir­ect­ive on Cor­por­ate Sus­tain­ab­il­ity Due Di­li­gence – a step...
The Pro­posed Dir­ect­ive on Cor­por­ate Sus­tain­ab­il­ity Due Di­li­gence (the “CSDD Pro­pos­al”), pub­lished on 23 Feb­ru­ary 2022, aims to im­pose ob­lig­a­tions on com­pan­ies, their sub­si­di­ar­ies and their value chains...
07/04/2022
The European Green Deal in ac­tion: sig­ni­fic­ant new cir­cu­lar eco­nomy meas­ures...
On 30 March 2022, the European Com­mis­sion (“EC”) presen­ted a pack­age of meas­ures in­ten­ded to make sus­tain­able products the norm in the EU, fa­cil­it­ate cir­cu­lar busi­ness mod­els and em­power con­sumers...
11/03/2022
EU Opin­ion on the Pro­posed Product Safety Reg­u­la­tion
The European Com­mis­sion has put for­ward a pro­pos­al for a new re­freshed Reg­u­la­tion on product safety in line with the New Con­sumer Agenda (the “Pro­posed Reg­u­la­tion”). If passed in its cur­rent form...
01/03/2022
Pro­posed man­dat­ory cor­por­ate sus­tain­ab­il­ity due di­li­gence re­quire­ments...
On 23 Feb­ru­ary 2022, the European Com­mis­sion ad­op­ted a long-awaited pro­pos­al for a Dir­ect­ive on cor­por­ate sus­tain­ab­il­ity due di­li­gence for widely-defined spe­cified “com­pan­ies”. The pro­pos­als are wide...
24/02/2022
The European Com­mis­sion has en­dorsed its new Cli­mate, En­ergy and En­vir­on­ment­al...
The European Com­mis­sion’s re­vised Guidelines on state aid for cli­mate, en­vir­on­ment­al pro­tec­tion and en­ergy (« CEEAG ») have been en­dorsed on 27 Janu­ary 2022. The CEEAG re­place the Guidelines on...