Legal Aspects Of The Use Of Sustainable Finance Instruments In Bulgaria
| Published date | 19 October 2023 |
| Subject Matter | Finance and Banking, Energy and Natural Resources, Financial Services, Energy Law |
| Law Firm | Kinstellar |
| Author | Mr Svilen Issaev, Denitsa Kuzeva and Nikolay Gergov |
October 2023 - The Banking, Finance and Capital Markets team in our Sofia office carried out a training session on the legal aspects of the use of sustainable finance instruments with a focus on green loans, social loans and sustainability-linked loans.
The variety of ESG financing instruments allows for some flexibility in the choice of targets and KPIs; still ESG loans should follow the clearly established sustainable finance principles to avoid the risk of declassification or greenwashing claims. In addition to contributing to sustainability goals, these instruments have a wide range of advantages, including economic and reputational benefits. As they are becoming...
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