Provisions to make your loan greener
The financial markets have responded to these concerns by establishing green and sustainable loan and bond structures that support environmental and social purposes or the achievement of related key performance indicators by the borrower. In addition, forward thinking borrowers, lenders and their lawyers can incorporate environmentally- and socially-aligned clauses into traditional facility documents.
To assist, The Chancery Lane Project (TCLP) has created model clauses and other legal resources that support the fight against climate change and help the parties move towards achieving net zero. These resources include model clauses for use in facility agreements. Practical Law has now highlighted these clauses in its key resources to help our subscribers access these important model clauses.
For more information about the TCLP resources developed for the finance industry, see Toolkit, The Chancery Lane Project: model climate clauses; Banking and Finance.
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