Climate Contract Playbook Edition 3
58
Fiscal Year means a one-year period from [1 April] and ending [31 March] for the purposes of tax and accounting.
Greenhouse Gases (GHGs) means the natural and anthropogenic gases which trap thermal radiation in the earth’s atmosphere and as specified in Annex A to the Kyoto Protocol to the United Nations Framework Convention on Climate Change (UNFCCC) or otherwise specified by the UNFCCC, and which currently include: carbon dioxide (CO2), methane (CH4), nitrous oxide (N2O), hydrofluorocarbons (HFCs), perfluorocarbons (PFCs), sulphur hexafluoride (SF6), and nitrogen trifluoride (NF3). Greenhouse Gas Emissions (GHG Emissions) means emissions of Greenhouse Gases over a specified area and period of time, each expressed as a total in units of carbon dioxide equivalent (CO2e) [and calculated in accordance with the GHG Protocol Corporate Accounting and Reporting Standard or such other equivalent and generally recognised greenhouse gas emission calculation methodology]. Hazardous Substance s means any material, substance or organism which, alone or in combination with others, is capable of causing harm to the natural and man-made environment including all or any of the following media: air (including air within buildings and other natural or man-made structures above or below the ground), water, land, and any ecological systems and living organisms (including man) supported by those media. Net Zero Target means the net reduction of Greenhouse Gas Emissions from all operations to zero by [specified date] so there is a balance between the emissions by sources and removals by sinks of Greenhouse Gases. ANet Zero Target is met when residual emissions are fully offset by Greenhouse Gas removals. Serious Environmental Incident means a material event of emission, spillage or discharge of Hazardous Substances; explosions, fire; environmental claims, complaints, or lawsuits (including pre-action correspondence) that are not frivolous or vexatious, and which the relevant Party, acting reasonably, believes to have a reasonable prospect of success; and / or complaints from or investigations by authorities responsible for the enforcement of Environmental Legislation.
Sustainability Policy means the Customer’s Sustainability Policy attached at Schedule [X], as amended from time to time and in accordance with Clause 3.
1.
Environmental Representations.
1.1 The Parties acknowledge their common intention in the fulfilment of their obligations under this Agreement to minimise their negative impact on climate change and biodiversity, and to reduce their Greenhouse Gas Emissions [to help [country] achieve its GHG reduction targets/ Net Zero Target]. 1.2 The Parties state that they [and their subcontractors] are in substantial compliance with the Environmental Legislation, the Sustainability Policy and the applicable Environmental Standards and Guidelines, with the exception of any action specifically noted in the Environmental Action Plan as still pending with respect to achieving substantial compliance. Each Party further represents and warrants that [at the date of this agreement] in the last 6 years, it has not been fined or convicted of any offence involving the environment; nor has it been the subject of any investigation, inquiry or enforcement proceedings regarding any offence or alleged offence of or in connection with damage to the environment.
Made with FlippingBook - professional solution for displaying marketing and sales documents online