Climate-Related Liability Cover (Commercial Insureds)

This clause provides cover for climate-related injury and/or property damage in commercial insurance policies. 

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. 

A generic reporting/disclosure clause that can be included in the Loan Market Association (LMA) information and undertakings provisions of any corporate loan and is not limited to 'green' loans.

Climate-linked contractual discretions creating scope for parties to encourage good environmental practice.

Revising the standard of care for construction contracts to require Contractors and Service Providers to adhere to best industry practice to mitigate climate risk and ensure that a construction project meets its decarbonisation or net-zero objectives.

The climate solutions intellectual property rights (IPR) licence could be adopted by organisations who wish to take a more open approach to using IPR to contribute towards the generation and deployment of climate solutions. 

Environmental, social and governance (ESG) commitments by an intellectual property rights (IPR) holder to make available certain IPR for the research and development of third party commercial solutions to minimise climate change.

Provisions for standard non-disclosure or confidentiality agreements (NDAs) to ensure climate change and environmental issues are discussed at the outset of new commercial relationships.

Recitals that confirm the intentions of the parties to perform the contract in a way that reduces their organisational greenhouse gas emissions and the emissions associated with the contract.

Extension of director and major shareholder warranties and issuer/director undertakings in underwriting, sponsor and similar agreements in respect of environmental position and climate risk.

A checklist that requests one-off or repeated disclosure of a company’s climate-related lobbying, financing, sponsoring and climate leadership activities.