- Sustainability provisions in construction contracts—a way to reduce the industry’s carbon footprint?
- What are sustainability provisions and what are the drivers behind them?
- Areas of risk and potential disputes
Construction analysis: With the recent conclusion of the 2021 United Nations Climate Change Conference (COP26), the challenges posed by climate change are at the forefront of the agendas of governments and multinational companies. The construction industry is facing particularly strong scrutiny given that it accounted for an estimated 37% of global energy-related CO2 emissions in 2020. One method of reducing the industry’s carbon footprint is including sustainability provisions in construction contracts. This blog by Vanessa Medina and Jon Gilbert of Freshfields Bruckhaus Deringer considers what the sustainability provisions are, the drivers behind them and the areas of risk and potential dispute for project parties when dealing with such provisions.
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