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Contracts for Climate Change (June21) Capital markets claus…
sponsor agreements in respect of an entity’s environmental position and climate risk. The clause wou
1428808_Contracts for Climate Change – Summaries of Supply …
the other party’s Scope 1-3 emissions. Issue Parties are often locked in supply contracts for years.
Contracts for Climate Change (June21) Investment and M&A cl…
improves the target company’s green credentials post- acquisition, linked to payment from escrow if
Contracts for Climate Change Climate-Conscious Dispute Resolution
Each of the precedents has a child’s name chosen by the drafting team. This is to encourage long-term thinking and to focus on the next generation as they will be most affected by the serious consequences if we fail to effectively respond to the climate crisis.
GREEN LITIGATION AND ARBITRATION PROTOCOLS — EMILIA’S CLAUSE
LOW CARBON ARBITRATION HEARINGS — MIA’S CLAUSE
#greenlawfirm #sustainability
#greenlawfirm #sustainability
Issue Excessive air travel and paper production during arbitration proceedings are environmentally unfriendly and increase carbon footprint. Solution Mia’s Clause would encourage parties to carry out arbitrations using virtual hearings and electronic documentation. Impact The clause would boost the efficiency of arbitration proceedings, reduce the costs of air travel and printing, as well as the harmful impacts of GHG emissions and deforestation.
Issue
The processes and paperwork for courts/tribunals to conduct disputes is carbon intensive and environmentally unfriendly. Solution Emilia’s Clause would offer two sets of protocols for litigation and arbitration, which parties can opt into at the start of a dispute to make it greener. Impact Adherence to the protocols would reduce paper consumption and eliminate other environmentally- unfriendly practices.
CARBON EFFICIENT DISPUTE RESOLUTION — TOBY’S CLAUSE
#greenlawfirm #sustainability
Issue Litigation and arbitration use excessive and wasteful amounts of paper, the production of which has a significant carbon and water footprint. Solution Toby’s Clause would ensure that parties carry out proceedings in a ‘green’ manner, including provisions on electronic documentation, waste disposal and carbon offsetting through tree planting. Impact The clause would provide savings on paper production, help reduce carbon footprint and water consumption and improve firms’ efficiency and sustainability reports.