News & Analysis as of September 18, 2024

Green Deal

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The European Union is an economic and political partnership comprised of 27 nations within the Eurozone. The EU was established in 1948 to promote stability and cooperation among member states in the aftermath of WWII. The EU maintains a common currency as well as several intranational institutions, including the European Parliament and the European Commission. less -

The Net-Zero Industry Act

Paul Hastings LLP on 9/12/2024

In order to reach its “net-zero” goals, the European Union is continuing to build out a regulatory framework focused on scaling up the investment into the manufacturing and development of “net-zero technologies”. The latest...more

Corporate Sustainability Due Diligence Directive: What Companies in Germany Need To Know

Skadden, Arps, Slate, Meagher & Flom LLP on 7/26/2024

The European Union’s Corporate Sustainability Due Diligence Directive (CSDDD or Directive) entered into force on July 25, 2024, establishing a framework for companies to address risks and adverse impacts on human rights and...more

Mind the Gap: A Comparative Analysis of the CSRD, the CSDDD and the SFDR as Green Deal 2.0 (2024 to 2029) unfolds

White & Case LLP on 7/9/2024

The European Green Deal1 is a suite of new EU laws designed to support a just transition, first to reduce CO2 emissions by 55% by 2030 and with the ultimate aim of achieving climate neutrality by 2050 whilst at the same time...more

Third Time's a Charm: EU Moves to Approve the Sustainability Due Diligence Directive

Jones Day on 3/20/2024

The Council of the European Union ("EU") approved the Corporate Sustainability Due Diligence Directive ("CS3D") on March 15, 2024. The CS3D contains due diligence and governance obligations that will have an extensive impact...more

Initial reflections on the recent ‘one substance, one assessment' EU proposals

Mayer Brown on 12/21/2023

On 7 December 2023, the Commission tabled three legislative proposals (the “Proposal(s)”) to implement the "One-substance-one-assessment" (“OSOA”) announced in the European Green Deal and the Chemicals Strategy for...more

The Evolving Role of Boards of Directors Regarding Business and Human Rights

Paul Hastings LLP on 8/21/2023

Three years ago, as part of the EU’s initiative on sustainable governance, the European Commission released a lengthy study on directors’ duties. The study affirmed what many already understood: corporate decision makers face...more

Sustainability Initiatives Get a Green Light in European Commission’s Revision of Rules on Collaboration Among Competitors

Wilson Sonsini Goodrich & Rosati on 6/26/2023

The EU’s rulebook on cooperation among competitors, which has been in place for over a decade, has recently undergone a revision with the European Commission (EC) adopting a new framework on June 1, 2023, that includes...more

Fit For 55 Package: EU Revises The EU Emissions Trading System And Establishes a New Carbon Border Adjustment Mechanism

K&L Gates LLP on 5/26/2023

In the last couple of years, the European Union has announced and adopted a wave of sustainability initiatives that will have significant implications for European and global companies across all industries. Among other...more

Repairing the supply chain – the proposed EU Directive on a right to repair

Hogan Lovells on 4/28/2023

The EU Commission is currently proposing a wide range of measures to achieve the goals of the European Green Deal to become climate neutral by 2050. At the same time it has a clear tendency to strengthen consumer rights. In...more

Sustainable Products Regulations: Repairing the supply chain – the proposed EU Directive on a right to repair

Hogan Lovells on 4/25/2023

The EU Commission is currently proposing a wide range of measures to achieve the goals of the European Green Deal to become climate neutral by 2050 and to strengthen consumer rights simultaneously. In this context it has now...more

You Better Watch Out: A New EU Corporate Sustainability Reporting Directive is Seeing the Day

Paul Hastings LLP on 7/26/2022

On June 21, 2022, the Council of the European Union (“European Council”) and European Parliament (“Parliament”) reached a provisional political agreement on the Corporate Sustainability Reporting Directive (“CSRD”). A copy of...more

Sustainability and Antitrust – What Companies Need to Know About Sustainability Collaborations in Europe

Morrison & Foerster LLP on 2/28/2022

Becoming more sustainable is an epic task. Not only for governments, but for society as a whole. Companies notice this as customers are increasingly demanding sustainable products....more

European Commission publishes its 2022 State aid Guidelines on Climate, Environmental Protection and Energy

Latham & Watkins LLP on 1/27/2022

The Development - “Europe will need a considerable amount of sustainable investments to support its green transition. Although a significant share will come from the private sector, public support will play a role in...more

European Union further targets global deforestation

White & Case LLP on 11/22/2021

On 17 November 2021, the European Commission ("Commission") announced a Proposal for a new Regulation to curb global deforestation and forest degradation driven by European Union ("EU") consumption of certain commodities....more

EU Taxonomy Regulation — A Major Building Block for Comprehensive ESG Measures in Europe

Kramer Levin Naftalis & Frankel LLP on 11/9/2021

The EU’s Green Deal, adopted in 2019, calls for achieving net zero greenhouse-gas emissions in the EU by 2050 and other very ambitious goals. Meeting them will require very significant shifts in the economy worldwide over...more

[Webinar] An Introduction Into European ESG Regulation and Implementation - November 11th, 10:00 am EST

McDermott Will & Emery on 11/2/2021

Please join us for a new webinar series dedicated to Environmental, Social & Governance (ESG) issues and how they will impact your business. To kick off the series, we will provide an introduction to European ESG...more

Executive Vice-President Vestager Champions Green Deal in Policy Announcement

Latham & Watkins LLP on 9/30/2021

The European Commission continues to explore how competition policy can support the bloc’s increased focus on sustainability and progression towards climate neutrality by 2050. On 10 September 2021, Inge Bernaerts,...more

The seeds are planted… European Commission outlines its view on antitrust and the “Green Deal”

Hogan Lovells on 9/14/2021

“Green competition law”, one of the most important topics in contemporary competition policy, is starting to take more shape in the EU. On 10 September, following around 200 feedback contributions from stakeholders and an...more

Trends in Merger Control and Competition: The In-House Perspective

TransPerfect Legal on 3/11/2021

On 26 January, 2021, TransPerfect Legal Solutions (TLS) kicked off a virtual conference on EU and UK competition regulation. This article is the third of a three-part series highlighting the major takeaways from each session...more

Europe’s Green Deal: Insurance Europe responds to consultation

Hogan Lovells on 7/30/2020

Insurance Europe indicated its support for the “ambitious objectives of the European Green Deal” as well as increasing the supply of long-term sustainable assets, making sustainability more “mainstream” and integrating ESG...more

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