Private Equity International’s Post

In this article for Bloomberg Law, partners Paul Barker and James Dolphin analyze how recent Biden administration policies signal U.S. support for voluntary carbon markets. 💡 Read the full article: https://lnkd.in/erN2DRhS

🌎 Encourage counterparties to comply with their contractual obligations to reduce emissions with the right blend of incentives and consequences. They’re key to delivering an emissions-reduction strategy in practice. Read our new guide on how simple adjustments to standard approaches to incentives and enforcement in contracts are powerful drivers for decarbonisation - in your business, for your clients and the planet. 👇 Link to the guide in the comments. #law #sustainability #ESG #climate 

💭 Scope 4 Emissions. Scope X Emissions. Advised Emissions. Financed Emissions. Advertised Emissions. Serviced Emissions...💭 Professional service providers (lawyers, consultants, financial advisers, advertisers etc) typically have small supply chains and Scopes 1-3 emissions (direct and indirect emissions). This is often disproportionate to their influence on key companies and the facilitative and multiplying impact of their services on the real economy. It is therefore critical that law firms and other Professional Service Providers (PSPs) capture in our #carbonaccounting the emissions associated with the provision of our services (legal advice) across projects and client work, particularly in high-emitting sectors, to give an honest picture of our contributions to climate change. ⁉ But calculating those emissions is harder than it sounds, and many brilliant minds have been focussed on this issue for months. ➡ Yesterday, I attended a roundtable consultation on "Serviced Emissions of Professional Service Providers" spearheaded by the UN #RacetoZero, The Law Society, Legal Charter 1.5, Oxford Net Zero, and Smith School of Enterprise and the Environment - University of Oxford. This group of experts has produced a Consultation Paper on Draft Guidance on this topic: https://lnkd.in/eCMHZC4W which is out for consultation until 1 May 2024 and is inviting input from all PSPs. Key takeaways from the discussion were: 💡 It will take time to develop a coherent, universally accepted methodology for calculating serviced emissions, but this should not deter immediate action. In the meantime, cruder methodologies could (and should) be used, that suit the circumstances of the sector and company. 💡 Like many things in the sustainability/ESG space, advised emissions are an opportunity as well as a potential risk. Law firms should engage with the business case for calculating advised emissions, including reputational benefits and winning forward-thinking clients. 💡 More resources, guidance and support are on the way. Watch this space. The paper is out for consultation until 1 May 2024. Please do input! Paddy LinighanOliver WrightMing Zee Tee Amanda CarpenterAlasdair CameronClyde & CoNigel BrookWynne LawrenceRobert Clarke #Scope4 #ScopeX #AdvisedEmissions #ServicedEmissions #FinancedEmissions

🇪🇺 In order to meet the Paris Agreement’s Sustainable Development Goals, the EU has defined an action plan that includes regulations to “reorient capital flows towards sustainable investment in order to achieve sustainable and inclusive growth.” Among those, the Sustainable Finance Disclosure Regulation (SFDR) and the Taxonomy Regulation have set transparency rules to reduce greenwashing and promote investments positively impacting the environment and society 🌱 📗 Looking to navigate these regulations and the requirements? Learn more with Deepki’s guide! Download here: 👉 https://lnkd.in/eCQV_Jky #Taxonomy #EUregulations #ImpactForward

I think this is a really useful addition to the terms of your contract. At the moment in the #publicsector in UK the #ppn on #carbonreduction plans only mandates that primes publish their plan and that this is checked at the PQQ stage. Although it is possible that the evaluation may include the #socialvalue Theme 3, inclusion of a "term" in this space is a great alternative and these talk about measurement and reporting

Has your organisation (or the ones you advise) set targets to reduce its emissions? How does it measure and publicly report on them? Our new guide outlines how to measure, manage, reduce and report on emissions using the power of legal documents and processes. All you need to know about our new guide is below 👇Link to guide in the comments. Simone Davidson #law #climate #ESG #CSRD

Introducing our practical guide to how to use contracts to measure, manage, reduce and report on emissions...

As the Department of Labor works in court to defend its rule allowing the use of environmental, social and governance (ESG) factors by fiduciaries when selecting plan investments, legislation to restrict the use of #ESG has been reintroduced in Congress, albeit with modifications. Learn more: https://lnkd.in/dHi7GZyB #RetirementPlanning #PlanInvestments

On 30 November 2023 was published in the Official Journal of the European Union the Regulation (EU) 2023/2631 of the European Parliament and of the Council of 22 November 2023 on European Green Bonds and optional disclosures for (i) bonds marketed as environmentally sustainable and for (ii) sustainability-linked bonds (“Regulation”).   Abreu Advogados' Financial Law team has prepared an analysis that aims to provide some specific information on this Regulation. #abreuadvogados #wearefutureinprogress #greenbonds

🌎 Contracts are a powerful mechanism for operationalising emissions-reduction targets. How? By taking a coordinated approach to your ecosystem of contracts so that they reduce emissions and drive climate-conscious behaviours across the value chain. You can achieve this by requiring counterparties to meet climate-related obligations that support your emissions-reduction strategy. See our new guide for more details👇Link to the guide in the comments. #law #sustainability #ESG #climate #CSRD