26 May 2021

Climate change clauses in insurance contracts - how to use them

Insurers and other stakeholders are invited to join a free webinar on 2 June exploring how insurance contracts can aid in the fight against climate change. 

Over the last two months, insurers and legal experts have been busy redesigning a toolkit of open-source clauses that can be included in insurance contracts.   

The clauses typically aim to create a mutually beneficial action – such as the disclosure of climate risks, or a reduction in greenhouse gas emissions – between insurer and policyholder. 

The 2 June event will be an opportunity for lawyers and other interested stakeholders to:

  • Familiarise themselves with the Chancery Lane Project's key climate clauses in the sector;
  • Discuss relevant gatekeepers, obstacles and arguments for using the clauses; and
  • Consider drafting amendments required to get the clauses into your documentation.

 

The Chancery Lane Project's insurance related clauses to be reviewed at the 2 June event will be: 

  1. Archie's clause: Premium adjustment for D&O climate-related financial disclosures
  2. Connor's clause: Exclusions from insurance coverage for climate harms
  3. Iris' clause: Climate Risk Sharing Provisions
  4. Lola & Harry's DDQ: Climate and Net Zero Due Diligence Questionnaire
  5. Zack's clause: SPA/Investment Agreement: Disclosure of Climate Change Plans
  6. Nico's clause: Cooler-Plate Clauses (Climate Aligned Boilerplate)

 

The webinar will take place between 09.00-10.30 BST (10.00-11.30 CET).

 

Click here to register for the event.

 

You can also read more about the Climate Clauses in Action events.