Green Guide Profile: Herbert Smith Freehills
UN Global Compact signatory Herbert Smith Freehills provides advice to clients at the forefront of the green transition.
An international multidisciplinary team, including London-based global ESG leader Silke Goldberg, is advising Green Hydrogen Organisation (GH2) and the International Lawyers Project on the Green Hydrogen Contracting and Green Hydrogen Standard initiatives. This will set universal standards for the hydrogen market to ensure that hydrogen being produced is legitimately green, and support the development of legal regimes to regulate its production and consumption.
From a green funds perspective, corporate partner and ESG specialist Rebecca Perlman and regional head of projects Martin Kavanagh advised multiple clients on their investments into innovative renewable energy projects. This includes ongoing support to the IBRD and ADB for a portfolio of renewable energy projects in Uzbekistan with a total estimated capacity of approximately 1.5 GW, which will be key to Uzbekistan achieving its national goal of developing 7GW solar and 5GW wind capacity by 2030.
Other key clients include Transmission Capital Partners Limited Partnership (TCP) and CDP Worldwide.
The firm’s COP27 Hub helps clients to track key developments and provides regional overviews and deep dives to help users stay on top of this fast-paced area. To address its own impact, the firm developed and implemented global responsible procurement and environmental policies as well as a global sustainability strategy to contribute towards its near-term goal of reducing emissions by 50% by 2030. It is also the only law firm to be a Global Alliance Member of The Earthshot Prize to assist businesses scaling eco-solutions that repair and regenerate the planet, through which it has so far dedicated 219 hours of pro bono support.