Interest Ratchet Clause for Carbon Saving

Laith & Irsa's Clause

An interest ratchet mechanism for loan facility agreements that lowers the cost of capital for companies who (directly or indirectly) save carbon in their operations.

Green Shareholders’ Agreement (Short Form for SMEs)

Ava's Clause

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.

Repair or Refurbishment in Insurance Claims

Paolo's Clause

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.

Net Zero Completion Adjustment Clause

Felix's Clause

A net zero/ carbon budget adjustment clause included as part of a completion accounts mechanism to provide “Carbon Certainty”.

Green Transaction Execution Protocols

Evan's Protocols

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

Climate-Related Disclosure in Loans

Anna's Clause

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.

Capital Markets ESG Due Diligence Questionnaire

Gordon's DDQ

A capital markets focused due diligence questionnaire (DDQ) requiring the company to provide information regarding its impact on and considerations of climate change issues for the present and future.

Sustainability-Linked Loans

Casper's Clause

Model clauses, as a set of optional riders divided into product categories and ESG goals, to incorporate SLPs into traditional financing documents, standard T&Cs and finance products.

Climate Standard Transaction Terms

Callum & Theo's Clause

Model climate terms and conditions that an impact investor financing private sector infrastructure in developing countries can incorporate into its standard documents.

Green Acquisition Obligations

Sienna's Clause

A share purchase/ asset purchase agreement clause requiring the purchaser to maintain/ improve the target company's green credentials post acquisition, linked to payment from escrow if successful.

Management Equity Ratchet Terms

Bella's Clause

A template clause for inclusion in investment documents to financially incentivise management teams to meet targets which are linked to climate change and environmental issues.

Net Zero Convertible Loan Note

Nozomi's Clause

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.

Green Shareholders’ Agreement

Lauren's Clause

Amendments to a standard early stage shareholders’ agreement which allow investors to hold the company to account on climate issues and oblige all shareholders to support Net Zero.

Green Loan “Starter Pack”

Harrison's Clause

Green loan clauses that are aligned to the Green Loan Principles (as defined below) by reference to Loan Market Association (LMA) style drafting.

Green Investment Obligations

Frank's Clause

Amendments to standard non-leveraged investment documents to focus the founders and investee company on climate change and environmental issues with their products, services, and operations.

Board Minutes: Consideration of Climate Change Factors

Darcy's Board Minutes

Introducing specific drafting into board minutes to encourage directors to consider their net zero targets and/ or carbon footprint and climate change risks as a routine part of their decision-making.