Edon Byrnes
Partner | Legal
Ireland
Partner
Ireland
Big things are happening at Ogier. Change is embedded in everything we do. It is redefining our talent, our ways of working, our platforms of delivery, our culture.
Services
We have the expertise to handle the most demanding transactions. Our commercial understanding and experience of working with leading financial institutions, professional advisers and regulatory bodies means we add real value to clients’ businesses.
Sectors
Our sector approach relies on smart collaboration between teams who have a deep understanding of related businesses and industry dynamics. The specific combination of our highly informed experts helps our clients to see around corners.
We have the expertise to handle the most demanding transactions. Our commercial understanding and experience of working with leading financial institutions, professional advisers and regulatory bodies means we add real value to clients’ businesses.
Legal
Corporate and Fiduciary
Consulting
Banking and Finance
Corporate
Dispute Resolution
Employment law
Intellectual Property
Investment Funds
Listing services
Local Legal Services
Accounting and Financial Reporting Services - Ogier Global
Cayman Islands AML/CFT training - Ogier Global
Regulatory and Compliance Services - Ogier Global
Our sector approach relies on smart collaboration between teams who have a deep understanding of related businesses and industry dynamics. The specific combination of our highly informed experts helps our clients to see around corners.
Ogier provides practical advice on BVI, Cayman Islands, Guernsey, Irish, Jersey and Luxembourg law through our global network of offices across the Asian, Caribbean and European timezones. Ogier is the only firm to advise on this unique combination of laws.
Keep up to date with industry insights, analysis and reviews. Find out about the work of our expert teams and subscribe to receive our newsletters straight to your inbox.
Fresh thinking, sharper opinion.
We get straight to the point, managing complexity to get to the essentials. Our global network of offices covers every time zone.
About us
Corporate social responsibility (CSR)
Diversity, equity and inclusion
Information security
Innovation
Sustainability
No Content Set
Exception:
Website.Models.ViewModels.Components.General.Banners.BannerComponentVm
Insight
16 September 2024
Ireland
2 min read
In the face of the escalating climate crisis, the intersection of legal practice and environmental sustainability has never been more critical. At the vanguard is The Chancery Lane Project (TCLP), a global initiative that is reshaping the role of legal professionals and business leaders in the fight against climate change. By harnessing the power of climate contracting, TCLP aims to facilitate fast and fair decarbonisation, providing a comprehensive toolkit for embedding sustainability into the commercial realm.
The Chancery Lane Project represents the largest global network of lawyers and business leaders committed to leveraging legal frameworks for climate action. With more than 160 free, open-access climate clauses, TCLP equips organisations to make climate considerations an integral part of their commercial transactions and contracts. The project's 2023 impact report showcases successful case studies and experiences from participants, highlighting the tangible effects of climate contracting in driving decarbonisation efforts.
Achieving meaningful climate action through commercial contracts requires a strategic and collaborative approach. Such goals are becoming more pertinent as the ESG requirements of companies become more pressing to their economic future. The following points, inspired by project’s work, outlines how organisations can integrate climate considerations into their commercial practices.
Ensure the board approves climate terms at the beginning of contract discussions, setting a precedent for integrating sustainability from the outset.
Incorporate climate considerations early in negotiations (perhaps in the heads of terms) to ensure they are central to the final contract, aligning with the organisation's environmental objectives.
Initiate early dialogues with counterparties and stakeholders about shared climate ambitions, establishing a foundation for meaningful decarbonisation efforts.
Formalise climate considerations in pre-contract documents (perhaps in quotes / scopes of work or company marketing materials), setting expectations for sustainability in financing, design, and other aspects of the transaction.
Clearly articulate the "Climate-change Purpose" and "Commercial Purpose" within contracts to align with the Paris Agreement’s objectives.
Embed specific emissions-reduction goals in documentation to facilitate monitoring, reporting, and achieving sustainability targets.
Use preambles / recitals to express the parties' commitment to emissions reduction and alignment with global climate goals, influencing the contract's execution towards sustainability.
The Chancery Lane Project exemplifies the transformative potential of legal innovation in the quest for sustainability. By following the project's blueprint for integrating climate considerations into commercial contracts, businesses can contribute significantly to global decarbonisation efforts. This not only aids in the fight against climate change but also positions companies as forward-thinking leaders in sustainability. As the legal and business communities continue to embrace the principles championed by TCLP, the path towards a more sustainable future becomes clearer and more achievable for all.
Should you wish to learn anything further about The Chancery Lane Project, please reach out to our Corporate team.
Edon Byrnes
Partner | Legal
Ireland
Partner
Ireland
Contact Edon
Back
Aaron Kelly
Associate | Legal
Ireland
Associate
Ireland
Contact Aaron
Back
Ogier is a professional services firm with the knowledge and expertise to handle the most demanding and complex transactions and provide expert, efficient and cost-effective services to all our clients. We regularly win awards for the quality of our client service, our work and our people.
This client briefing has been prepared for clients and professional associates of Ogier. The information and expressions of opinion which it contains are not intended to be a comprehensive study or to provide legal advice and should not be treated as a substitute for specific advice concerning individual situations.
Regulatory information can be found under Legal Notice
Sign up to receive updates and newsletters from us.
Sign up
No Content Set
Exception:
Website.Models.ViewModels.Blocks.SiteBlocks.CookiePolicySiteBlockVm