Legal aspects of the use of sustainable finance instruments in Bulgaria

October 2023 – The Banking, Finance and Capital Markets team in our Sofia office carried out a training session on the legal aspects of the use of sustainable finance instruments with a focus on green loans, social loans and sustainability-linked loans.

The variety of ESG financing instruments allows for some flexibility in the choice of targets and KPIs; still ESG loans should follow the clearly established sustainable finance principles to avoid the risk of declassification or greenwashing claims. In addition to contributing to sustainability goals, these instruments have a wide range of advantages, including economic and reputational benefits. As they are becoming increasingly popular, we will continue monitoring the legal and regulatory developments that will define the market in the future.

The training was organised in cooperation with the Green Finance and Energy Center – a think tank for sustainable finance and energy.

The presentation (in Bulgarian language) is available for download here.

For more information, please contact Svilen Issaev, at

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