The Legal 500 Green Guide: Asia Pacific

GREEN GUIDE Asia Pacific: OVERVIEW

Anna Baubock | Editor

Welcome to the inaugural Asia Pacific Green Guide

The ESG regulatory and governance landscape across the Asia Pacific region is uneven and therefore, legal work and the capacity for lawyers to facilitate positive change is often limited to national priorities.

APAC lacks the standardised regulations that we see in European and North American disclosure and taxonomy frameworks. However, the tighter ESG regulations there are placing more pressure on global banks to not support polluting industries as the legal risks continue to grow.  

The APAC region continues to heavily rely on fossil fuels, as both consumers and producers, including ‘dirty’ fuels such as coal. The region accounts for most of the current coal generation and contains almost the entire global pipeline of new coal plants. It is important to note that the growth of the middle class across the region is also a key driver of domestic demand.  

Perhaps unsurprisingly, our research finds law firms from some more coal-dependent countries underrepresented in this guide. Australian national targets are somewhat unambitious and there are tensions between the economic importance of its mining sector and advancing its green agenda.  

Olivia Hart | Senior researcher

Across coal-dependent jurisdictions, we are also seeing some firms bucking the trend, in response to continued disinvestment in coal; this guide reports on some firms handling cutting-edge renewable work in Indonesia which is the second largest producer of coal by energy value globally. We look forward to tracking this in the coming guides, especially in the wake of the plethora of decarbonisation pledges which came out of COP26: both Australia and India have made net zero pledges, albeit by 2050 and 2070 respectively. 

It is also clear that the green transition is not linear; in the Philippines, conventional coal projects are rapidly going out of fashion, meaning increased dependence on LNG as a transition fuel whilst renewable portfolios establish themselves in the market. 

Law firms from Hong Kong take a lead in APAC in terms of the number of law firms contributing to the green transition, followed shortly by New Zealand. Our research shows a particularly high standard of legal work in the ESG space for both jurisdictions. We can only expect this trend to continue; in Hong Kong there are ongoing taxonomy discussions and a desire to align with the EU on this front. 

Singapore is also positioning itself as a global leader on the regulatory front evident in The Green Plan which aims to advance the nation’s sustainable development agenda with ambitious goals including the quadrupling of solar energy deployment by 2025. Singapore and Japan are both widely recognized as a hub for sustainable finance, which is reflected in their legal sectors. 

Across the region, law firms have the opportunity to support clients in new industries, supporting new waves of technology that can facilitate the green transition. An example of this would be the burgeoning green hydrogen market in New Zealand. 

China represents a paradox as a country domestically dependent on coal, with no concrete timelines to phase out consumption, but also rapidly expanding clean energy manufacturing. This is of global significance in bringing down the costs of renewables. The Chinese legal sector is therefore equipped with expertise for the green transition and so we may expect China to catch up with the international market in the coming years.  

We hope you find this guide to some of the key firms engaging with sustainability across the APAC region useful, and we look forward to continually evolving our coverage as the market develops.

Anna Baubock, Editor
Olivia Hart, Senior Researcher
green.guide@legal500.com

GREEN GUIDE Asia Pacific: PARTNERS

Countries

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Eversheds Sutherland

Eversheds Sutherland is a UN Global Compact signatory, a founding member of the Net Zero Lawyers Alliance.

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Krishnamurthy & Co.

Krishnamurthy & Co is highly active in the renewable power sector with its clean energy team handling cutting-edge transactions in the solar, wind, hydrogen and biomass space

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Abuda Asis & Associates

Boutique multi-service law firm Abuda Asis & Associates in the Philippines is highly active in project finance, energy and infrastructure, and has advised on various wind, solar and hydro energy as well as biomass projects.

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Allen & Gledhill

Allen & Gledhill in Singapore expanded its longstanding public policy practice to include ESG advice in 2021.

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Shook Lin & Bok

Shook Lin & Bok’s expertise includes advising clients on ESG disclosures and sustainability reporting, greenwashing risks, ESG investment and finance initiatives, and sustainable infrastructure projects.

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DLA Piper

New Zealand

Beyond its advisory capacity, the firm’s commitment also extends to the promotion of sustainability reporting.

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Maddocks

Maddocks assists developers with renewable and low carbon energy projects, and has expertise in greenhouse gas emission policies, management, reporting and disclosure.

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Phi Finney McDonald

Phi Finney McDonald is currently acting in a landmark climate change class action against the Commonwealth of Australia on behalf of all Torres Strait Islanders.

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Pinsent Masons LLP

Pinsent Masons LLP works with a wide range of organisations to promote a green transition, including the Net Zero Lawyers Alliance and Legal Sustainability Alliance.

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Dentons

Hong Kong

Dentons’ China and Hong Kong practices stand out for their sustainability-related work for clients and their ESG advocacy, regularly organising client webinars, briefings and publications on ESG, sustainability and environmental issues.

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JunHe LLP

JunHe, one of the first private Chinese law firms, deals with matters including ESG due diligence and new energy powe

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Sunshine Law Firm

Sunshine Law Firm stands out for having a green and low-carbon business department, and an environmental, resources and energy research centre (the ERE centre).

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Ben McQuhae & Co

Ben McQuhae & Co stands out for its work across six areas: green finance and fintech; carbon markets and decarbonisation; impact funds; supply chains; ESG regulatory advice; and renewable energy

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Clifford Chance LLP

Clifford Chance seeks to not take on matters which have an adverse environmental impact.

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Linklaters LLP

Singapore

Thailand

In order to upskill its lawyers, Linklaters partners with the University of Oxford to deliver its ESG Accelerator programme.

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Mayer Brown

Mayer Brown sponsors the Kowloon Motor Bus’ decarbonisation initiative and has partnered with A Plastic Ocean Foundation, which promotes coastal water purification though supporting the local pearl oyster population.

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Simpson Thacher & Bartlett LLP

Japan

Simpson Thacher is a Law Firm Sustainability Network member and has partnered with EcoVadis to assess its own environmental performance, while also undertaking recent initiatives to measure the firm’s GHG emissions on a global basis.

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JSA

JSA often handles matters in the renewable energy and cleantech space, as well as the hydrocarbons sector

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L&L Partners Law Offices

L&L Partners Law Offices has set a net-zero target across all its offices and established an ESG practice and a ‘Green Project’ committee responsible for the integration of sustainability goals within the firm’s operation.

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Assegaf Hamzah & Partners

Assegaf Hamzah & Partners has been particularly active in sustainable finance transactions and also works across environmental advisory matters and renewable energy project.

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SSEK Legal Consultants

Internally, SSEK Legal Consultants provides ‘green training’ for its lawyers in order to promote awareness around renewable energy and carbon-trading issues.

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UMBRA - Strategic Legal Solutions

UMBRA – Strategic Legal Solutions in Indonesia often assists clients with renewable power matters nationally and internationally with expertise in hydro, mini-hydro, geothermal, wind, and solar project.

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Atsumi & Sakai

Atsumi & Sakai in Japan is highly active in green financing and projects, and climate and sustainability-related matters.

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Nagashima Ohno & Tsunematsu

Nagashima Ohno & Tsunematsu advises government agencies and entrepreneurs in establishing systems for emissions trading.

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Nishimura & Asahi

Nishimura Asahi works across a range of matters, including green power projects (solar, wind, biomass, geothermal and hydrogen), climate regulation, ESG due diligence, as well as climate financing and green bonds

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KhanLex Partners LLP

KhanLex deals with matters such as the establishment of green housing financing schemes, the financing structuring of residential retrofitting, and the financing of renewable energy.

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Anderson Lloyd

The firm is one of New Zealand’s first law firms to become Toitū carbonzero certified in line with international best practice.

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Bell Gully

Bell Gully publishes articles on climate-related issues, and runs the multi-year series of reports ‘The Big Picture – Climate Change’.

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Chapman Tripp

The firm is the only New Zealand law firm to have joined the international Net Zero Lawyers Alliance.

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LeeSalmonLong

LeeSalmonLong’s high-profile climate change work includes two major Supreme Court decisions on climate change and the Resource Management Act 1991 in Zealand, among various other internationally recognised cases.

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Russell McVeagh

Seeking to keep clients up to date with the latest developments in the renewable energy sector, Russel McVeagh recently launched its Renewables Blog.

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Cruz Marcelo & Trenefrancia

Cruz Marcelo & Trenefrancia has been advising Red Core Geothermal in connection with the development of its three geothermal power plants

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Norton Rose Fulbright

Internal efforts to integrate sustainability into Norton Rose Fulbright operations include a sustainability management plan, the establishment of a sustainability committee, and the development of science-based targets to achieve net zero.

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Watson Farley & Williams LLP

Watson Farley & Williams LLP is particularly active in sustainability matters across the transport and shipping industries, in renewable energy and in sustainable finance.

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