Law firm Womble Bond Dickinson launches decarbonisation campaign
Womble Bond Dickinsonโs Financing Decarbonisation campaign aims to highlight the work it does to facilitate investment in projects that drive environmental impact and sustainability.
The firm provides legal advice and guidance to lenders and borrowers, enabling them to contribute effectively to decarbonisation efforts.
This includes navigating regulatory changes, seeking legal guidance for acquisitions or joint ventures, and embarking on infrastructure projects.
John Connor, head of Womble Bond Dickinsonโs banking practice, said: โSaving the planet needs smart investment.
โOur Financing Decarbonisation campaign is designed to highlight the legal support that we offer to clients investing in projects that will make a real contribution to decarbonisation.
โWe are dedicated to helping lenders, investors and developers navigate the complexities of financing and regulatory requirements, ensuring they can achieve their sustainability goals with confidence.
โAs the move to net zero accelerates, we are proud to be supporting investment into projects that deliver positive environmental and social impact, which very much aligns with our own values as a law firm.โ
The firm has decades of experience advising clients on debt and equity documentation, with expertise in energy, projects, and real estate.
It offers a comprehensive service to clients looking to provide or access finance to fund a sustainable future.
Womble Bond Dickinsonโs financial institutions practice acts for a diverse range of clients and regularly advises on legal issues and contractual documentation relating to finance, real estate, energy, and corporate transactions.
The firm advised Triodos Bank UK in relation to the two term loan facilities to Oxygen Conservation to fund the purchase of properties from Buccleuch Estates for a rewilding project.
Oxygen Conservation aims to tackle climate change and the biodiversity crisis, and works to protect and improve natural assets, through the delivery of a diverse range of projects, including species reintroduction, landscape connectivity, regenerative agriculture, woodland creation, renewable energy generation, sustainable housing, and eco-tourism and carbon sequestration through woodland and peatland restoration.
Mavric Webbstock from Triodos Bank UK said: โWeโre extremely grateful for the expertise and commitment of the WBD team, who pulled out all the stops to make this transaction a great success.โ
Womble Bond Dickinson also acts for a syndicate of lenders in relation to a loan facility made available to a national house builder Hill Holdings Limited.
The facility was increased this year to ยฃ220m and was one of the first sustainability linked loans in the house builder market, allowing the borrower to benefit from a lower interest cost as their green credentials increase in the future, based on four sustainability criteria: biodiversity net gain, reducing operational carbon, reducing scope one and two carbon, and the companyโs overall sustainability rating measured by the NextGeneration scoring system.
