C&S joins an industry-led group of leading law firms as a founding member of the Net Zero Lawyers Alliance (NZLA), a coalition committed to accelerating the transition to net zero emissions by 2050.
The launch of the Alliance underlines the commitment of commercial law firms to help to accelerate the Race to Zero. Member firms recognise their own role in the transition towards global net zero emissions of greenhouse gases, both directly and through the legal services we provide.
The NZLA is an approved Accelerator for the UNFCCC Race to Zero. All members of the NZLA support the goal of achieving Net Zero GHG emissions by 2050 or sooner, in line with global efforts to limit warming to 1.5C (Net Zero).
C&S has already joined the Business Ambition for 1.5°C campaign last year. As a member of the UN Global Compact, we are committed to the UN Sustainable Development Goals and to combating climate change. Read more about our climate work.
The Alliance will help to reinforce, accelerate and support the implementation of internationally coherent legal frameworks and guidelines for the transition to net zero. It recognises the critical role of commercial law firms, lawyers and the law in achieving the transition and decarbonisation as well as the need to work across sectors to achieve this.
NZLA members commit to ensuring that they engage with their clients’ own transition and decarbonisation objectives.
NZLA RACE TO ZERO MEMBERS
The inaugural members are Arthur Cox, Baker McKenzie, Bates Wells, Burges Salmon, Castrén & Snellman, Clifford Chance, Clyde & Co, DLA Piper, Draper & Draper, Eversheds Sutherland, Herbert Smith Freehills, Hogan Lovells, Mattos Filho, Veiga Filho, Marrey Jr. & Quiroga, Mishcon de Reya, Pinsent Masons, Pollination Group, Reed Smith, Shearman & Sterling, Slaughter and May and Taylor Wessing.
The NZLA was launched on 30 June during London Climate Action Week (LCAW).
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Neste – EUR 500 million refinancing arrangement
We advised Neste Corporation on the refinancing of its EUR 500 million term facility by way of two EUR 250 million bilateral term facilities provided by OP Corporate Bank plc and Danske Bank A/S, Finland Branch. Each term facility has a maturity of three years with extension options.
Case published 25.11.2025
Prisma Properties – Sale and leaseback of ten grocery retail properties
We are assisting Prisma Properties AB in a sale and leaseback arrangement with Kesko Oyj comprising ten grocery retail properties. The transaction value is approximately EUR 59 million, and the properties are located in Sastamala, Jyväskylä, Lappeenranta, Vihti, Oulu, Saarijärvi, Liminka, Imatra, Loviisa, and Eurajoki. As part of the arrangement, the properties are leased back to Kesko Oyj under lease agreements with a weighted average lease term of 11.6 years. The portfolio includes well-known store concepts such as K-Citymarket, K-Supermarket, and K-Market.
Case published 20.11.2025
YIT – Data centre construction agreements with XTX Markets
We advised the urban developer and construction company YIT on the drafting and negotiation of two construction agreements with the leading algorithmic trading firm XTX Markets for the development of two data centres in Kajaani, Finland, which are part of XTX Markets’ data centre complex. The first agreement, valued at approximately EUR 100 million and signed in December 2024, marked the commencement of the construction of the first data centre facility in Kajaani, establishing Kajaani as a strategic hub for high-performance computing infrastructure. Building on the success of this collaboration, YIT and XTX Markets entered into a second agreement in August 2025 to commence construction of a second data centre facility. This phase includes the delivery of the shell and core of the new building.
Case published 20.11.2025
Rabobank – Financing arrangement for Olana Energy
Castrén & Snellman acted as legal advisor to Coöperatieve Rabobank U.A. in its capacity as sole lender and hedging bank providing senior financing to Olana Energy for a Battery Energy Storage Systems (BESS) portfolio in Finland. Our advice included preparing a legal due diligence report on the projects as well as advising on the negotiation of the various finance and project agreements. Olana Energy is a management-owned fast-growing independent power producer with an international pipeline of over 1 GW. The diversified portfolio of assets ranging from 5 to 30 MW reinforces the Finnish grid at a granular level.
Case published 18.11.2025