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.

Net Zero Convertible Loan Note

Nozomi's Clause

Make the qualifying criteria for receiving finance conditional on setting a Net Zero target and reflecting those obligation in a convertible loan note instrument that incentives Net Zero performance.

Climate and Net Zero Due Diligence

Lola & Harry's DDQ

A due diligence questionnaire which asks the target company to provide information regarding a wide range of climate change-related issues going far beyond the standard compliance-focused questions.

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.

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.

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.

Climate Underwriting Sponsor Warranties

Dottie's Clause

Extension of director (& possibly major shareholder) warranties and issuer/director undertakings in underwriting, sponsor and similar agreements in respect of environmental position and climate risk.

Climate Change Aligned Board Minutes

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.