Glossary entry

Paris Agreement Goals

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Definitions

Paris Agreement Goals

Paris Agreement Goals means the three goals set out in Articles 2.1 and 4.1 of the UNFCCC’s Paris Agreement[./, in particular pursuing efforts to limit global temperature increase to 1.5 degrees Celsius above pre-industrial levels.]

Drafting notes

The three goals (also known as the climate objectives) set out in Articles 2.1 and 4.1 of the Paris Agreement are the temperature goal, the adaptation and mitigation goal and the financial flow goal. For more information, see UNFCCC: What is the Paris Agreement?.

Application

Supply chain clauses, national climate laws, climate emergency declarations, corporate governance documents, public procurement.

Paris Agreement Goals is include in the following TCLP clauses:

[Cassie’s Clause] Insurance: Disclosure and Mitigation of Pending Climate Change Litigation; 

[Dottie’s Clause] Climate Purchase Agreement and Underwriting Sponsor Warranties;

[Gordon’s Clause DDQ] Capital Markets ESG Due Diligence Questionnaire; 

[Pasfield’s Clause] Paris Aligned Company Articles; 

[Ragnar’s Clause] Green Company Articles; 

[Sasha’s Clause] Net Zero Within Company Whistleblowing Policies; and 

[Sebastian’s Clause] Entire Business Net Zero Objectives.