ESG

Practices ESG

We invest in sustainability and ESG matters to support our clients in pursuing their goals related to sustainability obligations and ambitions.

Leading by example - TGS Baltic meets internationally agreed standards of the environmental management system (ISO 14001:2015) and is recognized as among the best law firms in the world by Legal 500 inaugural “Green Guide”.

SERVICES

TGS Baltic team may assist in mitigating the ESG risks and enhancing related business opportunities 

RISK MANAGEMENT AND STRATEGIC ADVICE 

  • Assisting in developing and drafting ESG policies and practices
  • Designing contractual mechanisms and dispute resolution clauses
  • Advising on regulatory landscape and litigation risks
  • Designing and assessing effectiveness of ESG-related reporting obligations
  • Training on ESG principles, regulatory landscape, issues, and implementation

 

DUE DILIGENCE 

  • Assess supply chains and transactions to identify potential ESG impacts and risks
  • Conduct ESG due diligence on projects, transactions, and lending
  • Advise on ESG risk mitigation in M&A transactions

 

SUSTAINABLE FINANCE 

  • Advise on all aspects of sustainable finance, including corporate green loans or bonds, sustainability-linked bonds, green funds, sustainable supply chain financing
  • Advise and design financing of renewable energy projects
  • Advice and assess financing of infrastructure projects, other climate change mitigating innovations and projects and their compliance of with the state aid rules

 

DISPUTE RESOLUTION: 

  • Identifying litigation risks and remediation processes
  • Represent clients before regulatory institutions, courts, and tribunals regarding environmental claims

 

TRANSPARENT AND INCLUSIVE WORKPLACES 

  • Advising on labor rights and employment relations
  • Advising on health and safety in a workplace
  • Advising on and drafting diversity, inclusion, and remuneration policies

 

SUPPLY CHAINS 

  • Designing green public procurement 
  • Evaluating supply chains and procurement processes to ensure that they appropriately deal with ESG considerations
  • Consulting on product labeling and marketing
  • Advising on adherence and compliance with sanctions 
  • Advising on compliance with competition rules when cooperating with other market participants to ensure ESG obligations and aims and designing relevant contractual arrangements

 

EFFICIENT REAL ESTATE AND INFRASTRUCTURE PROJECTS 

  • Consulting on environmental permits
  • Efficiency requirements for buildings and construction

Major Deals

  • 21.01.2024

    TGS Baltic assisted Mitsubishi on acquiring 20% stake in European Energy

    The deal will inject around €700m into the Danish renewables group, and the investment will significantly boost the Danish renewables developer’s capital base and growth prospects.

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  • 16.01.2024

    TGS Baltic advised Estonia’s state fund SmartCap on making an investment into Estonian deeptech startup Up Catalyst in its 4MEUR seed round

    TGS Baltic advised AS SmartCap Green Fund on making an investment into Estonian deeptech startup Up Catalyst in its 4 MEUR investment round led by German climate tech VC fund Extantia, supported by SmartCap along with the existing investors Sunly, Little Green Fund, Scottish Baltic Invest, and UniTartu Ventures.

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  • 23.11.2023

    TGS Baltic advised INVL Baltic Sea Growth Fund in the acquisition of Galinta Group

    INVL Baltic Sea Growth Fund, the leading private equity fund in the Baltics, today announced the signing of an agreement to acquire 100% of the shares of Galinta Group. Galinta Group is one of the largest producers of buckwheat in Europe and one of the leading producers and traders of flakes, rice, and other groats in the Baltic region.

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  • 16.11.2023

    TGS Baltic advised European Investment Bank (EIB) on signing a €25 milion agreement with Klaipėdos vanduo

    The European Investment Bank (EIB) has signed a €25 million loan agreement with "Klaipėdos vanduo", the municipal water company in the Lithuanian city of Klaipėda, supporting its 2023-2026 investment programme. 

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  • 05.10.2023

    The European commission approves €193 million Lithuanian state aid scheme to support offshore wind farms to foster the transition to a net-zero economy

    TGS Baltic advised client on getting approval from The European Commission to support offshore wind farms to foster the transition towards a net-zero economy, in line with the Green Deal Industrial Plan

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  • 08.09.2023

    TGS Baltic assisted Clean Energy Infrastructure Fund, managed by Modus Asset Management UAB, in acquiring 100% shares of three companies with a portfolio of solar projects with a total capacity of 55 MW in Latvia from the developer SIA Evecon via the special purpose vehicle Clean Energy Investments UAB.

    Clean Energy Investments UAB, a special purpose vehicle of a closed-end investment fund, Clean Energy Infrastructure Fund, managed by a Lithuanian renewable energy investment manager, Modus Asset Management, signed an agreement with one of the leading renewable energy developers in the Baltic States, SIA Evecon, to acquire 100% shares of three companies with a portfolio of 10 advanced technology solar park projects in Latvia.

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Team

Key Contacts