Climate Contract Playbook Edition 3
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4.3.2.8
establish the company’s pension scheme with an ESG/green investment fund as the default; become a certified B Corporation [achieving the Planet Mark]; set targets to support the achievement on one or more United Nations Sustainable Development Goals that are relevant to the Business;
4.3.2.9 4.3.2.10
4.3.3 report [annually] [quarterly] [monthly] to the Investors; [Note: To select reporting aligned with needs and goals of Investors.] 4.3.3.1
the climate risks and opportunities to the Company and the Business in accordance with the recommendations of the Task Force on Climate- related Financial Disclosures (TCFD), sustainability information in accordance with the standards set out by the Sustainability Accounting Standards Board (SASB); and other environmental, social and governance factors that are requested by the Investors from time to time.
4.3.3.2
4.3.3.3
4.3.4
prepare and provide to Investors an annual sustainability report which, without limitation, demonstrates the activities undertaken by the Company in furtherance of this clause; and
4.3.5 once profitable, donate 1% of its net profits to environmental causes that are mitigating the impact of climate change. Green Decisions Requiring the Consent of an Investor Majority 5.1 Each party shall use all the voting rights and powers of control deriving from their holding of Shares in order to procure that the Company shall not take any of the actions listed in this clause 5.2 without first obtaining the approval of an Investor Majority.
5.2
The actions requiring the approval of a Investor Majority are: 5.2.1 the amendment or revocation of the Net Zero Target; and 5.2.2
the entry into any contract or arrangement that conflicts with its Net Zero Target.
Founder Green Covenants 6.1
To assure the Investors that the Founders are aligned with the Investor’s environmental aims and to enable the Investors to achieve the full benefit of the impact of their investment in the Company, each Founder hereby undertakes and covenants with the Investors and the Company that they shall not: 6.1.1 while they are a director or employee of, or a consultant to, the Company carry on or be directly concerned, engaged or interested in any trade or business that is: 6.1.1.1 not taking demonstratable steps to set and implement a net zero target equivalent to the Net Zero Target; or 6.1.1.2 operates in the following sectors [Insert sectors or industries that the Investor does not want the Founders to be involved in/ conflict with their ESG aims];
6.1.2
do or omit to do anything which could reasonably be expected to cause the Company to not achieve the Net Zero Target, whether pursuant to this contract or otherwise.
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