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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

  • 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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  • 20.04.2023

    TGS Baltic advised Livonia Partners on investment in the fast-growing sustainability innovator Bagfactory

    Pan-Baltic private equity fund Livonia Partners invests in Lithuanian eco-friendly machine-made reusable and paper bag producer Bagfactory. The transaction is anticipated to conclude by the beginning of this summer.

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  • 25.01.2023

    TGS Baltic assisted renewable energy company Green Genius to acquire 100 MW solar PV project in Latvia

    Renewable energy company Green Genius has acquired 100% shares in Latvian company having 100 MW solar PV project rights covering over 151 ha.

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  • 19.01.2023

    The global sustainability leader is coming to the Baltics: TGS Baltic advised IFCO SYSTEMS in acquiring UAB PlasticPack

    Our experts Aurimas Pauliukevičius and Indrė Vickaitė-Liatukė advised IFCO SYSTEMS, the world's leading supplier of reusable packaging containers (RPC) for fresh food products, in acquiring 100% of shares in UAB PlasticPack from the previous owners who are private individuals.

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  • 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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  • 10.04.2022

    TGS Baltic advised LHV Pension Funds on the acquisition of the first office building in Estonia designed according to the Green Building concept

    TGS Baltic experts advised LHV Varahaldus AS which manages LHV Pension Funds on acquiring the registered immovable located at Sõpruse pst 157, Tallinn, Estonia.

    Varahalduse Kinnisvarainvesteering 004 OÜ, which belongs to LHV Varahaldus AS, entered into a contract with OÜ Sõpruse 157 to acquire the registered immovable located at Sõpruse pst 157. The owner of Varahalduse Kinnisvarainvesteering 004 OÜ is LHV Group, which is listed on the Tallinn Stock Exchange, through LHV Varahaldus.

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