ESG
ESMA Statement zu ESG Angaben in Prospekten
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 […]...
Q&A on CSRD and ESG reporting within the EU
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 […]...
Employment Brief: Serbia adopts new health and safety regulations
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:...
Romania passes new law regarding Urbanism Requirements for Renewable Energy Projects
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 […]...
How do market players view the European Green Bond Standard?
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 […]...
ESG in depth: (G)overnance
“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 […]...
ESG in depth: (S)ocial
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 […]...
ESG in depth: (E)nvironment
Beyond mere compliance, best practices can create a competitive advantage and lead to more resilient businesses. Given the current European and global emphasis on environmental sustainability, legal and voluntary standards play an increasingly important role in many business projects including corporate aquisitions, real estate development, energy and infrastructure projects, supply chain management, green financing and […]...
ESG as business critical
No longer just a “nice to have”, strong ESG performance is now business critical. The importance and impact of Environmental, Social and Governance (ESG) criteria is growing exponentially on a global level. Reinforced by regulatory trends in the EU, investors and consumers have embraced ESG and sustainable investing. Sustainable building, renewable energy and social compliance […]...
How do market players view the European Green Bond Standard?
Q&A with Erste Group and RBI Green Bonds and Securitisation Series – Article 3/3 This is the thrird article in a series of which is preceeded by The European Green Bond Standard – gold standard or regulatory burden? and “Sustainable Securitisation – too complicated or worth the effort?” This Wolf Theiss Q&A on the new European […]...
The Wolf Theiss Guide to Generating Electricity from Renewable Sources in CEE & SEE
Market and geopolitical factors drive renewed focus on renewable energy production the laws / regulations governing the generation of electricity from renewable energy sources (RES-Electricity) are of major interest to companies focused on this dynamic and important sector the conflict in Ukraine has underscored the urgent need for energy security coupled with tech improvements in […]...
The outlook on sustainable bonds issuance in the context of the Green Deal
1. What are Sustainable Bonds, Green Bonds & Social Bonds? 2. Outlook on Sustainable Bond Issuance 3. The European Green Deal 4. The Impact of the new Taxonomy Regulation on Green Bonds 5. European Green Bond Standard 6. Transition Financing What are Sustainable Bonds, Green Bonds & Social Bonds? “Sustainable bond” is the generic term […]...