ESG will impact the economies of the Western Balkans and other EU trade partners quicker than businesses currently realize. On the international front, the UN and the EU are urging companies and investors to always consider ESG policies and the long-term value they create. Additionally, investors, employees, customers, governments, and other stakeholders want to see ESG principles in play in business. Gecić Law’s full-scope ESG practice supports sustainable development by providing legal advice to numerous businesses in the region, in order to:
Each of these three letters represents an essential factor in modern business and company performance.
Environmental ("E") standards address the increasingly significant impact of a company on the environment. Environmental factors include the rational use of energy, carbon emissions, waste management, and the use of natural resources.
Gecić Law team stands at the forefront of delivering sustainable and green solutions, tailoring strategies that not only align with ethical commitments but also drive financial growth. We have extensive experience in the renewable energy projects and waste management compliance, guiding our clients from conception to project completion and ensuring they remain ahead of regulatory curves.
Within the Environmental aspect of ESG, CBAM is a critical subject that has gained momentum over the past year and will be crucial for all non-EU firms.
Social ("S") factors deal with its key stakeholders: employees, consumers, customers, and regulatory communities. Socially responsible businesses often enjoy a better reputation, which translates into customer loyalty. Proper care for employees means that the company will attract the best talent from the market, is less likely to have problems with the workforce and inefficient production and will be less susceptible to labor lawsuits.
Within ESG expertise, Gecić Law team strongly emphasizes its social dimension. Our team guides clients through best practices in diversity, labor rights, community engagement, and stakeholder relations, ensuring that their operations align with the highest standards of social responsibility and regulatory compliance.
Governance ("G") standards aim to assess and improve transparency and leadership. Companies that adequately manage, supervise, and control their activities and the activities of their employees reduce potential legal risks, as well as reputational damage. Finally, companies with transparent governance practices may be more attractive to investors and other stakeholders, as they better understand how the business operates, its responsibility distribution, and financial management.
Gecić Law will leverage its unparalleled expertise in EU Law, combined with robust business acumen, to equip you for:
Gecić Law, widely recognized for its ESG Practice, is proud to be one of the few law firms in the region with extensive experience advising the public and private sectors on numerous particular and complex issues in the region. For more information, please contact our legal team who will assist you on further details.
