SANDS Green
The green shift concerns the entire industry. Everything from small, local family businesses to large, listed companies are already subject to strict rules, while at the same time they will have to adapt to new requirements and regulations in the coming years. This creates challenges, but also offers great opportunities. Our lawyers have the necessary specialist expertise to provide valuable advice on how companies are affected by and should adjust to take part in the green shift. Get in touch with one of our specialists within your industry for a conversation about how we can assist you in this important work.
On this page you can find information on how the green shift affects companies in all industries and sectors.
Circular Economy
Focus on circular economy helps to reduce the negative environmental impacts and increases economic efficiency. This is necessary for all of us to reach the climate, environmental and sustainability targets that have been set, both nationally and internationally. In Norway, we have a national strategy to contribute to more value creation in a more circular Norwegian industry. New rules and guidelines are constantly being adopted that make demands on the industry. SANDS contributes advice to our clients on how they can optimise and make a green transition more efficient.
+ Read moreSustainable Finance
The EU’s taxonomy will help ensure that both equity and debt capital are channelled into profitable sustainable activities in the years ahead. Banks and other lenders place increasing importance on companies’ sustainability status and contribution to the green shift, and investments in green and sustainable projects are increasing markedly. Our lawyers have extensive experience in advising in connection with all types of debt financing and equity investments, and assist both lenders, investors, and companies in connection with green financing and sustainable investments.
+ Read moreRenewable Energy
The Paris Agreement and the EU’s goal of climate neutrality require huge investments in renewable energy, of which offshore wind will make up a significant part. In addition to increased production of renewable energy, the climate goals require integrated energy systems, innovative technology and modern infrastructure, reduced emissions, development of clean hydrogen and battery production, etc. We assist clients in the opportunities that the climate goals provide, such as project financing, delivery/development contracts, regulatory assessments, M&A, establishment of long-term contractual relationships, license applications and other contact with the authorities.
+ Read moreSustainability Reporting
From and including 2023, a number of Norwegian companies are required to report data related to various types of sustainability goals. In addition, more and more companies will be subject to these reporting obligations in the coming years, while at the same time more comprehensive requirements will be made. For many companies, this can present challenges. The regulations can be perceived as difficult and unclear, and the data that must be reported is often not available. SANDS has expertise in sustainability reporting and assists companies in gaining an overview of which reporting obligations they are subject to, as well as helping companies to prepare good internal routines and systems for sustainability reporting.
+ Read moreGreen Technology and Innovation
Long-term competitiveness requires companies to have a strategic approach to sustainability, and this is precisely why innovation projects with a positive effect on the environment are prioritised when granting grants from public schemes and investments from private schemes. For a number of years, SANDS has worked with Norway’s leading innovation environments, and we have a close collaboration with a number of university environments in Norway and their technology transfer units and incubators. Our lawyers have solid knowledge of and experience with the development and management of green technology and innovation and assist clients in ensuring that sustainability is at the centre throughout the company’s life cycle, from the startup phase through the growth phase and up to sale or stock market listing. Our work for these clients includes, among other things, assistance with managing and securing intellectual property rights, entering into agreements and commercial collaborations, licensing, and financing.
+ Read moreGreen Construction and Property Development
The building, construction and property industry is a key piece in the green shift. Worldwide, the BAE industry accounts for approximately 40% of climate emissions. To reach the adopted climate targets, new requirements are therefore constantly being made, which will entail noticeable changes for the parties in the industry. Our lawyers have extensive knowledge of sustainable development and the green shift and can advise on what steps need to be taken to adapt your business to current and future new requirements.
+ Read moreGreen Maritime Industry and Sustainable Aquaculture
The Paris Agreement – the EU’s goal of climate neutrality, as well as the International Maritime Organisation’s (IMO) goal that emissions from shipping must be reduced by 50% by 2050 require adaptability and large investments for the parties in the shipping industry. Environmental sustainability is also a main goal for the regulation of the aquaculture industry. Our lawyers have extensive experience in both the shipping industry and the aquaculture industry and the current issues that arise in relation to the transition towards a greener maritime industry and a more sustainable aquaculture. We give advice to businesses and administrations on how to understand the environmental requirements and we assist the parties in the industries in the dialogue with the authorities.
+ Read moreResponsible Investments
Investors set demands for a return on their investments, but increasingly demands for a return are weighed against environmental impact, social conditions, corporate governance, and ethics. Due to an increased focus on such assessments from an investor’s perspective, more and more companies and owners looking for investors or buyers must also take such considerations into account and make active assessments and take action. The Sustainable Finance Act, which came into force in Norway from 1 January 2023, will, among other things, help to channel capital to sustainable projects and solutions. Our lawyers continuously assist in various forms of transactions where a focus on sustainability is an important element.
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