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

  • 29.04.2022

    TGS Baltic represented EIB in signing an operational agreement with Šiaulių bankas for establishment and management of EUR 275 million renovation fund. It is the first fund of this type in Europe, intended for performance of a public function

    We represented the European Investment Bank (EIB), as the manager of the European Regional Development Fund (ERDF), in granting a loan of EUR 90 million together with the Government of Lithuania to Šiaulių bankas, intended for its new subsidiary SB modernizavimo fondas. This loan is partly composed of funds from the European Structural and Investment Fund (ESIF). EUR 275 million loans in total, were granted to SB modernizavimo fondas also by other top-profile investors: Council of Europe Development Bank (CEB), INVL Asset Management, Swedbank, Šiaulių bankas and Nordic Investment Bank (NIB).

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  • 05.04.2022

    TGS Baltic advised Vilnius Jesuit High School in establishing the Europe’s first school-based untouchable capital fund

    We advised Vilnius Jesuit High School in officially establishing the Europe’s first school-based untouchable capital sponsorship fund on 2 February 2022.

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  • 15.02.2022

    TGS Baltic advised Green Genius, one of Europe's leading renewable energy companies, on acquiring a 85-MW wind farm in Lithuania

    Our client Green Genius, an international renewable energy company, has signed an agreement to purchase 100% of the shares in the company having rights to develop85 MW wind farm in Lithuania. 

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  • 31.12.2020

    TGS Baltic represented the European Investment Bank on signing an exclusive deal with Šiaulių bankas for the establishment and management of a EUR 200 million renovation fund

    Šiaulių bankas signed an agreement with the European Investment Bank (EIB) for the establishment and management of a EUR 200 million renovation fund for multi-apartment buildings.

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Team

Key Contacts