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Mitsubishi accelerates sustainability strategy
International law firm Allens has advised Mitsubishi Corporation on its acquisition in a stake of a carbon farming developer.
Emma Musgrave
Firm: Allens (Mitsubishi Corporation).
Value: Undisclosed.
Area: M&A, energy and resources.
Key players: The Allens team was led by projects and development partner Penny Alexander, with support from senior associate Mark Leersnyder and lawyer Zoe Barker.
Members of Allens’ M&A team also supported, including partner Mark Malinas, senior associate Vincent Pang, associate Tom Harrison and lawyer Erica Tan.
Members of Allen’s funds, super and wealth team also assisted, including partner Marc Kemp and senior associate Rebecca Sheehy.
Disputes and investigations (employment and safety) partners Simon Dewberry and Veronica Siow, as well as lawyer Courtney Logue also assisted, as did banking and finance partner Warwick Newell and associate Sharon Carey, and intellectual property partner Caroline Ryan and senior associate Nick Li.
Deal significance: Australian Integrated Carbon Pty Ltd (AIC) is a carbon farming developer that assists landholders in generating Australian carbon credit units.
“AIC obtains carbon credits through human-induced regeneration, a process that involves CO2-sequestrations achieved in the regrowth of Australia’s native forests,” a statement from Allens explained.
“The acquisition will assist Mitsubishi in achieving its sustainability objectives, which include ‘transitioning to a low-carbon society’ and ‘growing together with local communities’.”
Commenting further, lead partner Ms Alexander said: “We congratulate Mitsubishi on this significant transaction and are pleased to have worked with the organisation on a key investment that assists the company in achieving its environmental goals.”
Emma Musgrave
Emma Musgrave (née Ryan) is the managing editor, professional services at Momentum Media.
Emma has worked for Momentum Media since 2015, including five years spent as the editor of the company's legal brand - Lawyers Weekly. Throughout her time at Momentum, she has been responsible for breaking some of the biggest stories in corporate Australia. In addition, she has produced exclusive multimedia and event content related to the company's respective brands and audiences.
Prior to joining Momentum Media, Emma worked in breakfast radio, delivering news to the Central West region of NSW, before taking on a radio journalist role at Southern Cross Austereo, based in Townsville, North Queensland.
She holds a Bachelor of Communications (Journalism) degree from Charles Sturt University.
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