Clauses

A precedent clause for a supply agreement requiring the supplier/ contractor to procure energy from renewable sources.

A clause obliging stakeholders in renewable energy technology supply chains to lower their carbon emissions, minimise their environmental impact and safeguard against modern slavery.

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.

Including pro-active disclosure requirements in M&A or investment transactions brings climate targets and aims to the forefront of the minds of management of the target and the buyer/ investors.

Amendments to a standard early stage shareholders’ agreement for SMEs that enable investors to hold an SME to account on climate change issues and align all parties’ interests with achieving net zero.

A simplified and consolidated version of TCLP’s existing supply chain clauses which includes responsibilities for meeting decarbonisation targets and reporting together with cascading obligations and price adjustment mechanism.

Green execution protocols which parties can adopt at the start of a transaction to minimise the carbon footprint of deal execution.

A clause in employment contracts that empowers employees to participate and actively engage in the climate ambitions and net zero targets of their employer.

The Environmental Business Charter – a “soft touch” introduction to how environmental concerns can be integrated into the corporate and legal services environment.

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.

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.