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TCLP CORPORATE GOVERNANCE CLAUSES
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GovernanceCompany EmissionsReporting & DisclosuresCorporate Mechanisms
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Objects / PurposeStakeholder (inc. environment) relationships/ obligationsMission lock (protect commitments from future removal)Sustainability PolicyDirectors' Obligations/ DutiesShareholders/ Investor CommitmentsShareholder/ Investor Consent for Green DecisionsInternal ProcessesNet Zero Target/ Carbon Neutral statusNet Zero Plan & Carbon BudgetCommitment to specific standards/ targetsRisk Register/ Climate Risk approachesReport to investors/ Shareholders/ insurerReports in company documentsMeasuring, reducing, reporting Scope 3 emissions*Annual public statement of lobbying activities (direct & indirect)Public commitments to stakeholders and accountability to themDonation of net profits to environmental causesESG budget and Training ProgramsShare option scheme conditional to achievement of sustainability goalsShare transfer and issue restrictions in the event of shareholder breachCompulsory Transfers for Material Climate BreachRight to refuse to be dragged alongShareholder/ Lender/ Guarantor remedy for material climate breach
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[Arlo's Clause] - Draft Paris-compliant objects clause for use in company’s articles of associationxx
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[Variation on Arlo's Clause]xx
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[Darcy's Board Minutes] - Climate Change Aligned Board Minutesxxxx
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[Frank's Clause] - Green Investment Obligationsxxxxxxxxxx
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[Lauren's Clause] - Green Shareholders' Agreementxxxxxxxxxxxxxx
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[Archie's Clause] - Insurance premium adjustment for D&O climate-related financial disclosuresxxxxxx
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[Scarlett's Performance Conditions] - ESG-based performance conditions for employee incentive awardsxxxxxxxx
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[Zack's Clause] - SPA/ Investment Agreement: Disclosure of Climate Change Plansxxxxxx
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[Nozomi's Clause] - Net Zero Convertible Loan Notexxxxx
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[Bella's Clause] - Management Equity Ratchet Termsxxxx
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[Sienna's Clause] - Green Acquisition Obligationsxxxxx
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[Callum & Theo's Clause] - Climate Standard Transaction Termsxxxxxxxxxxxx
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[Gordon's DDQ] - Capital Markets ESG Due Diligence Questionnairexxxxxx
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[Lola & Harry's DDQ] - Climate and Net Zero Due Diligencexxxxx
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[Chloe's Clause] - Environmental Business Charterxx
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*Note that TCLP is currently amending all its clauses to fit its Net Zero Framework. This includes increasing the net zero ambition of the clauses by including the consideration of Scope 3 emissions
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