Multinational law firm Pinsent Masons has advised Heidelberg Materials UK on securing the funding agreement with UK government to drive forwards its world-leading project to develop a carbon capture and storage (CCS) plant at its Padeswood cement works in North Wales. Named by the Department of Energy Security and Net Zero as a ‘priority project’ to join the industry-leading HyNet North West cluster in August, once operational, the Padeswood CCS plant will have the capacity to capture around 800,000 tonnes of CO₂ a year from Heidelberg Materials’ existing cement works,…
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Pinsent Masons advises Lloyds Bank on £62 million fund to invest in sustainable business and regional development
Multinational law firm Pinsent Masons has advised Lloyds Bank on the launch of a £62 million investment fund to help small businesses across England and Wales access finance to support local jobs and economic activity. The Community Investment Enterprise Fund (CIEF) aims to invest in around 800 small businesses, supporting around 10,500 jobs. The Fund will initially invest into three Community Development Finance Institutions (CDFIs) – BCRS Business Loans, Business Enterprise Fund and Finance For Enterprise. CDFIs are socially motivated lenders which already lend around £100 million every year to…
Read MorePinsent Masons to implement science based emissions programme for its supply chain
Multinational law firm Pinsent Masons is launching a free, comprehensive net-zero programme for its small and medium-sized enterprise SME suppliers to help them reduce greenhouse gas emissions through science-based targets. Run in association with ‘Heart of the City’, a social enterprise which aims to help SMEs achieve science-based net-zero targets, the new initiative will encourage businesses from across Pinsent Masons’ supply chain to take part in workshops and receive individual tailored support to help overcome the challenges which small businesses face in meeting the Science Based Targets initiative (SBTi) requirements.…
Read MorePinsent Masons advises M Group Services on the purchase of AgilityEco
Multinational law firm Pinsent Masons has advised M Group Services on the purchase of AgilityEco Private equity owned M Group Services is a leading provider of essential infrastructure services to the water, energy, transport and telecommunication sectors across the UK and Ireland, working with many of the UK’s largest infrastructure companies in over 200 locations across the UK. Surrey-based AgilityEco is a managing agent specialising in energy efficiency advice. This acquisition will allow M Group Services to expand its offering to its existing energy retail and local authority clients, enabling…
Read MorePinsent Masons advises IFC on multimillion green and social bond issuance in Indonesia
Multinational law firm Pinsent Masons has advised International Finance Corporation (IFC) on its $500m green and social bond investment in Indonesia. The firm advised IFC on all aspects of its first-of-a-kind investment in PT Bank BTPN Tbk’s $500m issuance of five-year green and social bonds. The investment supports the environmental and social financing goals of both institutions. BTPN, a subsidiary of Japanese banking giant, SMBC, will use funds raised by the issuance to grow its sustainable portfolio by funding projects that support renewable energy, energy efficiency, climate-smart agriculture, and sustainable…
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