---
title: Carbon Neutral Agreement Clause
date: 2024-03-27T14:15:53Z
modified: 2025-07-23T11:12:19Z
permalink: "https://chancerylaneproject.org/clauses/carbon-neutral-agreement-clause/"
type: clause
status: publish
excerpt: ""
wpid: 2017
jurisdiction:
  - Aotearoa New Zealand
maintenance-status:
  - Not maintained
practice-area:
  - Corporate, mergers and acquisitions (M&A)
clause_child_name: Mackenzie and Maggie’s Clause
clause_summary: "<p>This clause places a &#39;light green&#39; obligation on shareholders to work towards operating the company in a carbon neutral manner.</p>"
clause_last_updated_date: 2023-05-23
related_clauses: false
---

## Child’s name

Mackenzie and Maggie’s Clause

## Summary

This clause places a 'light green' obligation on shareholders to work towards operating the company in a carbon neutral manner.

## What this clause does

Enables a company to place an obligation on shareholders. It may be appropriate for use by a company that is embarking on its emissions reduction journey, or which is a new or fast-growing company that does not yet have a good understanding of its emissions profile. This clause does not set specific targets for when carbon neutrality should be achieved.

This clause adapts \[Callum & Theo’s Clause\] Climate Standard Transaction Terms for use in Aotearoa New Zealand.

## Clause Content

**1. Carbon neutrality**

The parties agree that their collective intention is that the Business of the Company should be conducted in a manner which is at least Carbon Neutral and agree to work together in good faith to further that intention.

## Topics

**Jurisdictions:** [Aotearoa New Zealand](https://chancerylaneproject.org/wp-content/uploads/wp-mfa-exports/taxonomy/jurisdiction/aotearoa-new-zealand.md)

**Maintenance status:** [Not maintained](https://chancerylaneproject.org/wp-content/uploads/wp-mfa-exports/taxonomy/maintenance-status/not-maintained.md)

**Practice Areas:** [Corporate, mergers and acquisitions (M&A)](https://chancerylaneproject.org/wp-content/uploads/wp-mfa-exports/taxonomy/practice-area/corporate-mergers-and-acquisitions-ma.md)