The European Parliament has adopted (as of 18 June 2020) new legislation on sustainable investments.

The new law was published in the Official Journal of the European Union last week and will come into effect on 12 July 2020. It sets out six environmental objectives and permits economic activities of investors and undertakings to be labelled as ‘environmentally sustainable’ only if they contribute to at least one of the objectives without significantly harming any of the others.

This is the first time that there will be a uniform set of pan-EU criteria for determining whether economic activity is environmentally sustainable. Such criteria will assist investors and consumers in identifying economic activity which they can participate in without sacrificing environmental standards.

Read the full GT Alert here. 

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Photo of Aonghus Heatley Aonghus Heatley

Aonghus Heatley acts for GT’s UK and international clients across various industry sectors in relation to virtually all aspects of English and European Union environmental law.

Aonghus advises clients on regulatory matters, environmental claims, sustainability, climate change, and health and safety issues in…

Aonghus Heatley acts for GT’s UK and international clients across various industry sectors in relation to virtually all aspects of English and European Union environmental law.

Aonghus advises clients on regulatory matters, environmental claims, sustainability, climate change, and health and safety issues in addition to advising on general corporate and commercial matters as part of GT’s wider London Corporate group.

In 2017/2018, Aonghus undertook a part-time secondment to Volvo Truck Corporation (part of the Volvo Group) in Gothenburg, Sweden.

Photo of Dr. Martin Hamer Dr. Martin Hamer

Martin Hamer is a Partner in the Environmental Group in Germany. He focuses on environmental matters including soil and groundwater contamination, environmental permits, nature protection, waste management, mining and climate protection. Martin represents clients in complex permit procedures vis-à-vis public authorities, environmental liability…

Martin Hamer is a Partner in the Environmental Group in Germany. He focuses on environmental matters including soil and groundwater contamination, environmental permits, nature protection, waste management, mining and climate protection. Martin represents clients in complex permit procedures vis-à-vis public authorities, environmental liability litigation and public law contract negotiations. In addition, he advises on environmental and other regulatory matters in corporate and real estate transactions. Amongst his clients are manufacturers, real estate companies, private equity funds, energy suppliers and business associations.

Martin also specialises in public planning and building law matters. He represents investors, project developers and housing companies in planning and building permit procedures vis-à-vis municipalities and authorities. He regularly lectures on public planning and building law at the EBS University for Economics and Law in Wiesbaden.