ESG Environmental, Social, and Governance

Considering the importance and growing concern with ESG (Environmental, Social, Governance) factors, the European Union has been producing and adopting legislation to create new sustainable finance obligations with an impact on the activity of financial entities and issuers of financial products, mainly regarding transparency and promotion of the integration of environmental, social and governance factors in the assessment, investment decisions and activities of such entities.

This growing awareness of the importance of sustainability in its various aspects has been a concern of GPA and its clients in recent years.

Given the impact of European ESG legislation and regulation and national transposition legislation on the activities of financial sector entities, particularly with regard to investment, product design and obligations to disclose the sustainable or non-sustainable nature of the activities and products marketed, GPA, within the scope of its vast experience in matters of Banking, Financial, Pension Funds and Insurance Regulatory Law, supports financial sector entities and issuers of financial products in the identification and concrete application of ESG requirements, namely involving:

Cross-cutting identification of necessary adaptations;
Adaptation of internal ESG policies and procedures;
Adaptation of production, marketing and advising on financial products;
Updating contractual and pre-contractual documentation for financial products;
Disclosure of information of integration of environmental, social and governance factors on website by the entities;
Integration of environmental, social and governance factors in risk management and investment decision-making processes.

Contact:

Manuel Gouveia Pereira

Of Counsel | Head of Environment, Climate Change & ESG