Sustainability

Climate change and sustainability are set to be defining issues of this decade. CMS is committed to addressing our own impact on the environment and approach to sustainability, as well as advising clients with their related legal needs.

The shift to a sustainable energy sector and the decarbonisation of existing energy systems, a growing market for sustainable investments, increased focus on ESG criteria in urban planning, tax reforms and sustainability incentives to reach climate goals – these are just a few of the developments that are shaping the business environment.

Our teams are helping clients to navigate this rapidly evolving legal and regulatory landscape and advising on first-of-their-kind deals.

To find out how CMS can support you and your business with sustainability click here >>

Recent Articles

  •  
    17/04/2024
    England and Wales

    AI-driven enforcement comes of age in UK with AI systems reshaping advertising and regulation and enforcement – ASA’s 2023 Annual Report

    The UK’s Advertising Standards Authority (ASA) has published its 2023 annual report, describing 2023 as a watershed year for its digital strategy.Together, the ASA and the Committee of Advertising Practice (CAP) secured the amendment or withdrawal of 27,378 ads in 2023, a remarkable 92% of which resulting from proactive work largely powered by the ASA’s Active Ad Monitoring System. In December 2022, the ASA ran 20,000 ads through the system, which rose to over 600,000 ads per month by the end of 2023. This system forms a key part of the ASA’s 2024 to 2028 strategy on AI-assisted...
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  •  
    15/04/2024
    Luxembourg

    Bill of law for the transposition of CSRD in Luxembourg

    IntroductionFollowing the adoption of the corporate sustainability reporting directive:1 (the “ CSRD ”), the Member States of the European Union (the “ EU ”) are required to implement its relevant provisions into their national laws and regulations by 6 July 2024. At the date of this publication, only France, Hungary, Romania, and Czech Republic implemented CSRD into their national law. In this context, the long-awaited Luxembourg Bill of law 8370 was introduced before the Luxembourg Chambre des députés on 29 March 2024 (the “ Proposal”).To...
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  •  
    03/04/2024
    Ukraine

    Register of Damage for Ukraine is open for claims submission

    On 2 April 2024, the Register of Damage for Ukraine opened the claims submission process for compensation for damage, loss or injury caused by Russian aggression against Ukraine. The launch took place as part of the Ministerial Conference "Restoring Justice for Ukraine" co-hosted by the Netherlands, Ukraine and the European Commission at the World Forum in The Hague.As a reminder, the official website of the Register of Damage for Ukraine was launched on 4 March 2024. The website contains the following:documents governing the work of the Register;answers to frequently asked questions on the Register’s...
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  •  
    13/03/2024
    International

    After EU Commission's first decision on Carbon Contracts for Difference, Germany initiates bidding of EUR 4bn

    The European Commission approved the first Carbon Contracts for Difference (CCfD) scheme under the new Guidelines on State aid for climate, environmental protection and energy 2022 (CEEAG).Following the Commission's decision, on 12 March 2024 the German Federal Ministry for Economic Affairs and Climate Protection (BMWK) initiated the first bidding process with a total volume of EUR 4bn. With this funding scheme, Germany is taking a pioneering role in Europe and internationally in the field of state aid for climate protection. Concept of contracts for differenceA contract for difference entitles...
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  •  
    06/03/2024
    Slovakia

    Implementation of Temporary Crisis and Transition Framework in Slovakia: Gateway for State Aid Subsidies to Investors Involved in Green Transition

    The European Commission adopted the Temporary Crisis Framework and then the Temporary Crisis and Transition Framework (TCTF) to mitigate the economic consequences caused by Russia's invasion and ongoing war with Ukraine. To this extent, the TCTF establishes a framework for several state aid mechanisms that allow EU member states to help companies tackle the aftermath of the energy crisis. But this is not all. The TCTF goes one step further and introduces state aid mechanisms to support the green transition. The goal of this article is to present the state aid scheme that is about to be implemented...
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  •  
    26/02/2024
    Europe

    The CBAM – what is it and how will it affect the market?

    PL
    Regulation (EU) 2023/956 establishing a carbon border adjustment mechanism (CBAM) entered into force on 17 May 2023. The implementation of the CBAM has been divided into a transitional period (from 1 October 2023 to 31 December 2025) and a target period (starting 1 January 2026).Why has the CBAM been introduced?With the establishment of the scheme for greenhouse gas emission allowance trading (EU ETS) in 2005, which covers, among other things, energy intensive installations, the European Union has set a course of action to reduce overall greenhouse gas emissions. However, the ever-rising costs...
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ESG – Environmental, social and governance

We help you identify risks and opportunities arising from the increasing...

COP - The Conference of the Parties

It is the UNFCC platform for international cooperation on the climate crisis