Glossary entry

Paris Alignment or Paris Aligned

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Definitions

Option 1

Paris Alignment (or Paris Alined) means that the GHG reduction targets and Climate Mitigation Measures of the [Company] support the achievement of 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].

Option 2

Paris Alignment (or Paris Aligned) means aligning with 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].

Paris Aligned Investments

Paris Aligned Investments means investments that are aligned with the Paris Agreement mitigation goal, that is to strengthen the global response to the threat of climate change, by holding the increase in the global average temperature to well below 2°C above pre-industrial levels and pursuing efforts to limit the temperature increase to 1.5°C above pre-industrial levels.

Related Terms

Paris Agreement Goals

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?.

Organisations that set Paris Aligned goals and Net Zero Targets or GHG reduction targets often also commit to keeping their goals and targets under review in line with developments in science and technology, in order to achieve the three climate objectives. See Science-Based Targets definition.

Organisations may also want to commit in their climate or environmental policy to not undertaking activities that hinder or are inconsistent with the climate objectives.

Application

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

Paris Alignment or Paris Aligned is used in the following TCLP clauses:

[Callum & Theo’s Clause] (Paris Aligned Investment) Climate Standard Transaction Terms; 

[Estelle’s Clause] Climate Standard of Care (Construction); and 

[Owen’s Clause] Net Zero Target Supply Chain Cascade Clauses.