Dentons has launched a Sustainable Investment practice in Europe, headed by Warsaw-based Partner Elzbieta Lis.
According to Dentons, the practice is designed "to meet the growing interest in socially responsible and environmentally conscious business investment." according to the firm, "the central focus of this innovative new group is to serve the needs of businesses, financial institutions and regulatory bodies in two core areas: sustainable investment and sustainable finance."
The firm reports that "the Sustainable Investment group will advise global corporations, investment funds, asset managers and financial institutions on the development and execution of sustainable investment strategies. [It] will provide due diligence based on environmental, social, and governance (ESG) considerations, as well as non-financial reporting according to the European Union’s CSR Directive. The group will also advise on the use of sustainable finance instruments and fund structures – such as green bonds, which are used to fund projects with a clearly defined environmental or social benefit, or pay-for-success instruments, which make financing contingent on achieving certain environmental goals."
Tomasz Dabrowski, Europe CEO at Dentons, explained that: “Not only is sustainable investment an exciting growing market opportunity, it is also a way in which Dentons can make a positive impact on our communities. We remain committed to ensuring the sustainability of our own operations, and through this new practice, given Elzbieta’s leadership and experience, we can now assist our clients to incorporate environmental and social sustainability into their investment and financing decisions.”
“Increasingly, mainstream investors are seeking asset classes that guarantee the sustainability of their investments by integrating environmental, social and governance considerations into their investment processes,” said Lis, Head of Dentons’ Sustainable Investment practice in Europe. “There is a significant demand for sustainable investment strategies, and we look forward to addressing that need for our clients.”
Dentons reports that, according to the Global Sustainable Investment Alliance, the value of sustainable investment assets reached USD 30.7 trillion globally in 2018.