Glossary term

Emissions Statement

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Number of definitions:

1

Definition 1

Emissions Statement means the statement setting out [the Company's] Greenhouse Gas Emissions [and Completion Net Carbon] [published quarterly OR yearly OR in the year [●]] [and the Completion Net Carbon] prepared in accordance with [the carbon footprinting principles, policies, standards, practices, evaluation rules and estimation techniques referred to in [Schedule [●] [, with the most recent Emissions Statement adopted OR published on [insert date] ].

Drafting notes and guidance

An emissions statement can be used to record greenhouse gas (GHG) (and Completion Net Carbon) emissions for corporates, projects, developments and in any transaction involving emissions or having set prior reduction targets. The statement will state the company's GHG emissions at a specific point in time (for example, at a specific year or at completion). This can then be compared against a carbon budget or other emissions reduction target.

If the GHG emissions are higher or lower than the target, then the contract can provide incentives or penalties, such as discounts or fees.

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