carbon-neutral-agreement-clause.md

title: Carbon Neutral Agreement Clause excerpt: date: 2024-03-27T14:15:53Z modified: 2025-07-23T11:12:19Z file_type: md permalink: clauses/carbon-neutral-agreement-clause.html wpid: 2017 status: publish type: clause jurisdiction:

• Aotearoa New Zealand maintenance-status:
• Not maintained practice-area:
• Corporate, mergers and acquisitions (M&A) eleventyComputed: clause_child_name: Mackenzie and Maggie’s Clause clause_summary: "This clause places a 'light green' obligation on shareholders to work towards operating the company in a carbon neutral manner." clause_last_updated_date: 2023-05-23 layout: layouts/clause.njk

Carbon Neutral Agreement Clause

Child’s name

Mackenzie and Maggie’s Clause

Summary

This clause places a 'light green' obligation on shareholders to work towards operating the company in a carbon neutral manner.

What this clause does

Enables a company to place an obligation on shareholders. It may be appropriate for use by a company that is embarking on its emissions reduction journey, or which is a new or fast-growing company that does not yet have a good understanding of its emissions profile. This clause does not set specific targets for when carbon neutrality should be achieved.

This clause adapts [Callum & Theo’s Clause] Climate Standard Transaction Terms for use in Aotearoa New Zealand.

Clause Content

1. Carbon neutrality

The parties agree that their collective intention is that the Business of the Company should be conducted in a manner which is at least Carbon Neutral and agree to work together in good faith to further that intention.