ESG Policies For Value Creation And Enhancing Financial Performance Of Companies

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Elias Neocleous & Co LLC

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Elias Neocleous & Co LLC is the largest law firm in Cyprus and a leading firm in the South-East Mediterranean region, with a network of offices across Cyprus (Limassol, Nicosia, Paphos), Belgium (Brussels), Czech Republic (Prague), Romania (Budapest) and Ukraine (Kiev). A dynamic team of lawyers and legal experts deliver strategic legal solutions to clients operating in key industries across Europe, Asia, the Middle East, India, USA, South America, and China. The firm is renowned for its expertise and jurisdictional knowledge across a broad spectrum of practice areas, spanning all major transactional and market disciplines, while also managing the largest and most challenging cross-border assignments. It is a premier practice of choice for leading Cypriot banks and financial institutions, preeminent foreign commercial and development banks, multinational corporations, global technology firms, international law firms, private equity funds, credit agencies, and asset managers.
The business environment is rapidly changing with the development of various legislative and non-legislative environmental, social and corporate governance (ESG) initiatives, especially in the European Union (EU).
European Union Corporate/Commercial Law
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The business environment is rapidly changing with the development of various legislative and non-legislative environmental, social and corporate governance (ESG) initiatives, especially in the European Union (EU).

An article co-authored by Elias Neocleous & Co LLC Associates Katerina Krassa and Annabelle Antoniadou, and published in the Phileleftheros, provides a brief insight as to the core values and increasing role of ESG principles in relation to adding value and enhancing the economic performance of global businesses, that are rapidly increasing awareness and adjusting to the demands that the said principles call for.

Specifically, the article analyses the increasing demand of ESG principles and their subsequent effect on financial institutions' decision-making in relation to funding enterprises. As a result of the now- firmly established ESG principles, businesses are urged to cast off greenwashing, commit to sustainability and transparency, and generally abide by the said principles to ensure that the global financial institutions will grant the funding of their projects and most importantly, that stakeholders will applaud of their stance on the ever-growing importance of ESG values.

Moreover, the article explores the increasing demand of implementing ESG within the construction industry, which has proven crucial in prompting socially aware investors to selectively fund projects found to be in alignment with ESG ideologies, as they are slowly but surely being formed into imperative principles through legislation.

The full version of the article in Greek can be found on Phileleftheros here.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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