Climate Contract Playbook Edition 3
3
Contents Introduction The Journey Updated Legal Philanthropy
5 7 8 9
Disclaimer
Precedent Clauses
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Commercial Contracts: General [Hanley’s Clause] Climate Change Aligned Heads of Terms [Kaia’s Clause] Climate Purposed NDATerms Commercial Contracts: Supply Agreements [Agatha’s Clause] Termination for Greener Supplier [Annie’s Clause] Carbon Termination (short form) [Teddy’s Clause] Environmental Threshold Obligations [Jessica’s Clause] Carbon Performance Clauses [Owen’s Clause] Net Zero Supply Chain Cascade [Zoë and Bea’s Clause] Green Supply Agreement Clauses
11 13
17 20 22 24 29 33 37 42 48 51 55 61 67 69 71 74 77 82 89 95 98
[Iris’ Clause] Climate Risk Sharing Provisions
[Alex’s Clause] Circular Economy product design obligation NEW
[Zain’s Clause] Carbon Change Rights NEW
[Alice’s Clause] Reduction of CO2 from Single Use Plastic NEW [Austen’s Clause] Sustainability Clauses in Supply Chain Contracts NEW [Maria’s Scorecard] Supply chain emissions scorecard NEW Corporate: General [Arlo’s Clause] Paris Compliant Company Objects [Chloe’s Clause] Environmental Business Charter [Darcy’s Minutes] Climate Change Aligned Board Minutes Corporate: Investment / M&A [Frank’s Clause] Green Investment Obligations [Bella’s Clause] Climate Equity Ratchet [Lauren’s Clause] Green Shareholders Agreement] [Lola & Harry’s DDQ] Climate and Net Zero Due Diligence
[Nozomi’s Clause] Net Zero Convertible Loan Note
[Zack’s Clause] SPA/Investment Agreement Disclosure of Climate Change Plans NEW
[Sienna’s Clause] Green Acquisition Obligations NEW
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Corporate: Project Finance [Callum & Theo’s Clause] Climate Standard Transaction Terms NEW Finance & Capital Markets: Loans [Harrison’s Clauses] Green Loan Starter Pack [Casper’s Clause] Sustainability-Linked Loans NEW Finance & Capital Markets: Capital Markets [Dottie’s Clause] Climate Underwriting Sponsor Warranties
106
117 126
136 139
[Gordon’s Clause] Capital Markets ESG Due Diligence Questionnaire NEW Insurance [Connor’s Clause] Exclusions from insurance coverage for Climate Obligations NEW
146 [Archie’s Clause] Premium adjustment for D&O Climate-related financial disclosures NEW 149
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