A clause granting insurers the right to repair damaged goods or replace these with a refurbished alternative, removing the legal barriers that insurance policies typically place against this.
A set of clauses to sit within a parametric insurance policy that incentivise insured parties to provide for the rapid restoration of coral reefs after catastrophic weather events.
A clause requiring companies to carry out a climate change risk assessment, to be inserted into the General Conditions of corporate insurance policies across all lines of business.
A clause for insurance policies covering dispute costs and expenses (such as After The Event (ATE) Insurance policies) that requires the insured to conduct disputes in an environmentally friendly way.
A clause ‘extending’ insurance policies to cover pending climate change litigation, on the condition that the policyholder discloses its net zero targets and climate risk exposure.
An explicit exclusion from cover for climate liability, costs and losses where the Insured fails to meet its GHG emissions reduction targets.
This clause incentivises companies to mitigate climate risk through a reduction in insurance premiums for policyholders who meet agreed disclosure standards regarding climate-related financial risks.
Adapts sustainable practices and net zero aligned provisions from TCLP’s construction clauses for use in MMC contracts.
A clause designed to increase communication between insurers and insureds, put the topic of climate change on the agenda and promote sustainable practices in line with a net zero future.
Millie’s Clause adapts Connor’s Clause to place additional disclosure obligations on the insured if it changes, meets or fails to meet its emissions reduction targets, linked to premium adjustments.
Template drafting for board papers with detailed prompts for consideration of the climate impacts of a significant contract/ transaction and the associated climate risks to the business.
A checklist that requests one off or repeated disclosure of a company’s climate-related lobbying, financing, sponsoring and climate leadership activities.
Sample performance conditions that provide for part of a share-based incentive award to vest dependent upon the meeting of ESG targets (specifically climate targets).
Model climate terms and conditions that an impact investor financing private sector infrastructure in developing countries can incorporate into its standard documents.
Makes the qualifying criteria for receiving finance conditional on setting a net zero target and reflects this obligation in a convertible loan note instrument that incentivises net zero performance.
Amendments and additions to standard Force Majeure agreements to ensure contracting parties work together to balance financial risks and avoid unintended adverse environmental and social issues.
Eric's Clause repurposes employee leave periods as opportunities to volunteer with environmental organisations by integrating climate-conscious employer-employee obligations into employment contracts.
Where climate change risk searches are unavailable, standard climate change statements should be added to a report on title to make buyers aware of the future risks that may affect the property.