It is widely accepted that the vast cost of transitioning to a sustainable and climate-resilient world economy is beyond the capacity of the public sector alone and that private capital will have to play a key role if sustainability objectives are to be met. In this context, the EU is developing harmonised standards for sustainable finance over the coming years and has already introduced significant legislation with respect to the meaning of sustainability and disclosure requirements. Further developments are anticipated, including with respect to non-financial reporting, corporate governance, and the supervisory and prudential framework to which financial institutions are subject. It is clear that the evolving EU framework will be relevant, directly or indirectly, to businesses both in the financial sector and the real economy. Understanding the rapidly developing legal and regulatory environment must be a strategic key priority for those businesses to enable them to continue to prosper.
McCann FitzGerald is an acknowledged leader in the sustainable finance space in Ireland. As sustainable finance has become more innovative and diverse, McCann FitzGerald has kept pace, advising on many “firsts”, including the first green bond issued by an Irish corporate and the first sovereign green bond issued by Ireland (being one of the first in Europe).
Our sustainable finance knowledge and experience covers a range of industries, borrowers and issuers, banks, dealers/managers and financial intermediaries, investors and financial service providers.
As well as our extensive transactional experience, we are also leaders in the advisory space on sustainability matters and advise regulated entities including banks, asset managers and pension funds on the evolving regulatory landscape, as well as large corporates on what proposed changes to the corporate governance framework may mean for them. Further information is available from our experts listed below or your usual contact in McCann FitzGerald.
Band 1 for Banking & Finance. Impressive corporate banking … capable of assisting leading banks and financial institutions with global projects, complicated transactions and lending mandates.Chambers 2021
Band 1 Debt Capital Markets. Has a noteworthy debt capital markets practice, acting for both borrowers and multinational banks.Chambers 2021
Tier 1 for Banking and Finance. The ‘well-respected and knowledgeable’ team at McCann FitzGerald counts international and domestic financial institutions, corporates and state bodies among its clients.The Legal 500, 2020
Tier 1 for Capital Markets. McCann FitzGerald covers the full range of DCM transactions.The Legal 500, 2020
Tier 1 for Energy. McCann FitzGerald has 'excellent knowledge of the sector' and stands out for its 'very strong regulatory component'.The Legal 500, 2020
Band 1 Energy & Natural Resources. Leading full-service offering that frequently advises major domestic and international clients on large transactions in the energy sector. Offers excellent advice on a broad range of regulatory concerns. Works closely with the firm's market-leading...financing practice.Chambers 2020
Advises financial services clients on the establishment of Irish funds and assists with ongoing governance or regulatory compliance mandates. Earns praise for work on both UCITS and non-UCITS matters.Chambers 2020
The 'highly knowledgeable' team at McCann FitzGerald has extensive experience advising on the authorisation of UCITS management companies, AIFMs, super-mancos and MiFID firms. The launching of investment funds is the practice's key focus, and it has been particularly active assisting with the establishment of...Environmental...funds..The Legal 500, 2020
- Debt capital markets advising issuers and arrangers on the issuance of green and sustainability-linked bonds and other financial instruments pursuing ESG objectives.
- Corporate lending advising borrowers and lenders on green and sustainability-linked loans and other lending products pursuing ESG objectives.
- Project finance in financing renewable and other sustainable and transition infrastructure projects.
- Asset managers and pension funds on the establishment of funds pursuing ESG strategies and their ongoing regulatory obligations under EU sustainability legislation.
- Credit institutions and other financial market participants on their financial services regulatory obligations under EU sustainability legislation, including the evolving supervisory and prudential framework.
Key highlights include:
- advising the National Treasury Management Agency on the landmark issuance of Ireland’s first sovereign green bond (€3 billion);
- acting for ESB on its first sustainability linked loan (€1.4 billion);
- acting on Ireland’s first corporate public Green Bond (ESB, €500 million) together with ESB’s subsequent Green Bond issuances;
- advising Kingspan on green loan and green private placement financings;
- advising the lenders on Greencore’s innovative £300 million corporate sustainability linked revolving credit facility;
- advising on a wide variety of wind farm acquisitions, including the recent purchase of Letteragh, Gortahile, and Lisdowney wind farms by Greencoat Renewables;
- advising managers and funds on recently introduced disclosure obligations under the Sustainable Finance Disclosure Regulation and Taxonomy Regulation;
- providing ongoing advice to financial institutions with respect to the evolving regulatory landscape, including prudential and supervisory expectations with respect to the integration of ESG factors;
- advising listed and other large companies on the development and integration of sustainability strategies into the corporate governance framework and proposed EU changes to the corporate governance framework.