PRACTICE AREA

ESG – Environmental and Social Responsibility

ESG (environmental, social, governance) refers to new requirements related to corporate social responsibility and environmental sustainability. Financial institutions, investors, business partners, other stakeholders and the public rightly consider ESG to represent a potential risk for companies that do not adequately formulate these standards or fail to comply with them. In many cases, the legal, financial and reputational risks and negative effects associated with non-compliance may negatively impact not only the company which does not manage these risks sufficiently, but it can also harm other companies having business relations with such company.

Taking an interdisciplinary approach, PRK helps our clients to understand this global phenomenon and reduce the risks associated with not having implemented ESG requirements. It also enables our clients to explore the new opportunities that ESG offers. At the same time, PRK's legal advice provided in this area incorporates knowledge from other relevant areas and takes into account the client's specifics. In short, PRK helps clients to comply smoothly and painlessly with ESG, as required by public authorities, shareholders, clients, business partners or funders, investors and financial institutions.

As in other Compliance areas, in a situation of ever-changing and emerging laws and regulations combined with requirements for governance mechanisms and control environments, the PRK team standardly provides very personalized and tailored ESG advice, including on business ethics and corporate integrity and culture.

Although these areas of regulation are new in Central Europe, they represent a global reality that companies can explore for new business opportunities.

PRK offers the following ESG-related services:

  • Revision of the company's and group's key (foundation) documents, procedure and signing rules and their structuring, to comply with ESG regulations in corporate, labour and financial areas
  • Assistance in identifying and assessing strategic risks
  • Identifying opportunities related to the EU Green Deal (state aid, sources of funding)
  • Advising on creating an ESG-compliant corporate culture
  • Training in ESG-related areas
  • Processing of ESG documents in financial audits and M&A transactions
  • Calculation of an organization's carbon footprint
  • Renewable energy projects
  • Supply-chain management and circular economy strategy
  • ESG issues related to finance
  • Environmental compliance
  • Sustainable finance

What clients told The Legal 500 about us:

PRK has a highly qualified projects and energy team led by Mr. Jakub Lichnovský, partner, head of the project, energy and development team at PRK Partners. They have unparalleled expertise not only in energy and environmental issues, construction development and permitting, long-term projects completion, but also financing, tax and M&A.
Jakub Lichnovský is unique in delivering complex strategic guidance and handling all legal aspects of demanding projects. We consider Jakub to be unparalleled as regards business judgement, planning, negotiation and establishing a system in all aspects of work. Jakub is unique in his understanding of the project, real estate, regulatory and construction issues, as well as energy and environmental issues and commercial aspects.

A strong legal team on your side

Jan Kohout

Partner


Jan Kohout

Jakub Lichnovsky

Partner


Jakub Lichnovsky

Marek Prochazka

Partner


Marek Prochazka

Jaroslav Skubal

Partner


Jaroslav Skubal

Jan  Ditrych

Attorney


Jan Ditrych

Kristyna Faltynkova

Attorney


Kristyna Faltynkova

Martin Frolik

Senior Compliance Counsel


Martin Frolik

Jaroslav Seborsky

Associate


Jaroslav Seborsky