ESG LEGAL SERVICES
ESG (Environmental, Social, Governance) is no longer just a business trend but a fundamental element of companies' legal and strategic operations. European and international regulations are increasingly demanding stricter transparency and accountability in the areas of sustainability, social responsibility, and ethical corporate governance. The Hungarian Parliament has designated the Supervisory Authority for Regulated Activities (SZTFH) as the ESG authority. As of 2024, the Authority is responsible for the regulatory oversight of entities required to provide data, managing registration, accreditation, and regulation tasks, as well as operating the electronic platforms mandated by the ESG Act.
Our law firm assists clients in meeting ESG requirements while also helping them turn sustainability and social impact into a competitive advantage.
OUR SERVICES
- Compliance and Internal Regulations: Tracking legislative changes, ensuring compliance with new regulations, identifying and implementing tasks, and aligning ESG requirements with other legal obligations (e.g., GDPR).
- Corporate Social Responsibility: Legal support for employee rights and diversity, equity, and inclusion (DEI) programs.
- Suppliers and Business Partners: Supporting data requests from suppliers, clients, and partners (responsible sourcing, data collection across the value chain, supply chain due diligence, audits, etc.). Conducting partner due diligence. Ensuring contract compliance and managing potential litigation.
- Reporting Support: Assisting companies and institutions with their ESG processes and development plans (ESG due diligence, GAP analysis, stakeholder consultations, etc.), supporting related departments, and ensuring legal compliance of data reporting processes.
- Transactions and Financing: Ensuring compliance with the ESG expectations of banks and investors, providing data and information about business operations. ESG now plays a role not only in traditional due diligence (DD) but also as an evaluation criterion during transactions.
- Green Financing and Investments: Legal support for sustainable investments and the issuance of green bonds.
- Governance Frameworks: Establishing transparent corporate governance structures and developing ethical codes of conduct (anti-corruption, conflict of interest, cybersecurity, competition compliance, etc.).
- Supply Chain Due Diligence: Legal review of business partners' sustainability and human rights obligations.
ESG compliance is not just a legal obligation but a cornerstone of long-term business success. We help our clients build a sustainable future lawfully and consciously.