Assunção Cristas, Carla Gonçalves Borges and Mariana França Gouveia sign the article entitled "ESG and investment treaties in Africa: a new substantive standard?", published in the International Financial Law Review.

In this article, VdA lawyers analyse the implementation of Environmental, Social and Corporate (ESG) clauses in the bilateral investment treaties of African countries. This implementation is illustrated by the approval of the first Sustainable Investment Facilitation Agreement (SIFA) between the European Union and Angola.

In addition to this example, the authors mention the integration of ESG clauses in the investment treaties of Ghana, Benin, Nigeria, Senegal and Morocco. For VdA lawyers, these measures are fundamental to balance the rights of investors with the sustainable development needs of these countries.

  • This article is available here.