We advised the Green Finance Institute of the national development bank ILTE on assessing the compliance of 70 different economic activities with the EU Taxonomy Regulation and its related legislative requirements.
The analysis covered a wide range of sectors, including energy (such as electricity generation, storage, and hydrogen production), manufacturing (including packaging), construction and real estate, waste management, transport and transport infrastructure, the pharmaceutical sector, data hosting and processing, and others.
Our services included analysing compliance with the requirements applicable to economic activities as set out in the EU Taxonomy Climate and Environmental Delegated Acts, as well as in Lithuanian national legislation. Where it was identified that requirements or criteria under the EU Taxonomy were not fully ensured by national legislation, we provided recommendations on the actions companies should take and the supporting documentation they should collect to ensure full compliance. We also put forward proposals aimed at improving the alignment between EU Taxonomy requirements and national legislation.
According to Vitalija Impolevičienė, co-head of Sorainen’s ESG practice, the assessment required in-depth knowledge of legal regulation across multiple sectors, including energy, construction, transport, pharmaceuticals, environmental protection, and IT. “We are pleased to have been able to offer our client both this sector-specific expertise and ESG capabilities required for a project of this scale,” she notes.
Our team
The Sorainen team was led by expert Vitalija Impolevičienė and included partners Augustas Klezys and Asta Augutytė-Rapkevičienė, counsel Ignas Sidaras, senior associates Andrius Venckūnas, Julija Kirkilienė, Dovydas Gudžiūnas, associates Nojus Jašmontas, Danas Šniutė, Guoda Vdovycytė, Ainius Pikūnas and Gabija Leckaitė, as well as junior associates Kamilė Baranauskaitė and Povilas Plikūnas.
