ESG

With the Green Deal, the European Commission has pointed the way towards climate protection and a resource-efficient and more sustainable economy. By 2050, the EU should become climate-neutral. The real estate industry, as one of the largest emitters of greenhouse gases, plays a key factor in the implementation of these goals. ESG and sustainability are […]...

Photovoltaics on buildings is becoming more and more mandatory in order to meet sustainability requirements. Even large-volume retail and commercial properties can often be fitted with solar panels relatively easily. This gives rise to new legal questions: Our interdisciplinary team of experts in real estate and energy law will explain the opportunities and challenges of […]...

In the coming years, sustainability will shape corporate supervision and management like no other topic. ESG has far-reaching implications for board and senior management in terms of strategic and operational integration and is now high on the board’s agenda. The sustainable “tone from the top” is increasingly becoming the decisive differentiating factor of a successful […]...

On 31 July 2023, the FBiH adopted a set of reform energy laws aimed at harmonising domestic energy legislation with the European Union and Energy Community acquis, i.e. the following: The Law on Electricity of the FBiH and the Law on Energy and Regulation of Energy Activities in the FBiH have been published in the […]...

This Client Alert is also available in German. On 11 July 2023, the European Securities and Markets Authority (“ESMA”) published a public statement (“ESMA Statement”) regarding sustainability-related disclosure requirements in prospectuses for both equity and non-equity securities. 1. Introduction ESMA emphasises that a material sustainability-related disclosure is expected to be included in prospectuses and in […]...

This Client Alert is also available in English. Am 11. Juli 2023 veröffentlichte die Europäische Wertpapier- und Marktaufsichtsbehörde (European Securities and Markets Authority – “ESMA”) eine öffentliche Erklärung (“ESMA Statement”) zu nachhaltigkeitsbezogenen Offenlegungspflichten in Prospekten für Dividendenwerte und Nichtdividendenwerte.  1. Einführung Die ESMA betont, dass wesentliche nachhaltigkeitsbezogene Angaben gemäß Artikel 6 Abs 1 der Prospektverordnung in Prospekten und […]...

With the ever-increasing focus on sustainability and transparency in business within the EU, the implementation of compulsory CSRD and ESG reporting is set to apply to a broader range of companies. Birgit Kraml and Jela Mohr, contract partner and ESG Manager at Wolf Theiss in Vienna, answer this Q&A providing insight into the nature of […]...

Recently, a new Law on Safety and Health at Work came into effect in Serbia, impacting all employers. This law ensures the implementation of the latest EU standards in terms of safety and health at work (EU Directive 89/391/EEC) as well as harmonisation within current HR regulations in Serbia. Key novelties are:...

Legal Background Recognizing the pressing need to rectify certain conflicting provisions within the existing legal framework applicable to the permitting process of renewable energy projects (as previously reported in the Wolf Theiss Client Alert dated January 12th, 2023 available here), Romanian lawmakers have been working since the start of 2023 to introduce legislative amendments to […]...

Q&A Video with Erste Group and RBI Green Bonds and Securitisation Series This video accompanies the previous article How do market players view the European Green Bond Standard?. Will the new Green Bond Standard proposed by the European Commission have a positive impact on the Green Bond Market? Can a price on carbon be a […]...

“Governance” includes a broad range of topics that businesses are familiar with, but the key is effective implementation of policies and procedures. In terms of ESG, governance includes topics such as: tax honesty, anti-corruption measures, sustainable management by the management board, remuneration based on sustainable business activities, whistle blowing policies and procedures, and data protection […]...

Sometimes eclipsed by an intense focus on (e)nvironmental topics, social factors are increasnigly scrutinised by investors and consumers. Social ESG criteria cover a wide range of issues and depend significantly on industry/sector. Effectively identifying and managing relevant social issues in your business requires an initial assessment/mapping followed by clear monitoring and mitigation procedures. Our clients […]...