The green supplier contract—a standardised contractual pricing model clause (The Chancery Lane Project)
Published by a LexisNexis Commercial expert
PrecedentsThe green supplier contract—a standardised contractual pricing model clause (The Chancery Lane Project)
Published by a LexisNexis Commercial expert
Precedents
1
Definitions
In this Schedule unless the context otherwise requires:
Achieved Target
- •
means an Agreed Environmental Target of the Supplier that is the subject of written acceptance by the Company under paragraph 3.3 and in respect of which the Supplier has not provided (and is not required to provide) notification under paragraph 2.3;
Adjustment Value
- •
has the meaning given in the mechanism set out in paragraph 4;
Agreed Environmental Targets
- •
means the Supplier’s sustainability objectives listed in paragraph 2.1;
- •
means the total scope 1, 2 and 3 emissions of the [Supplier’s operations relating (directly or indirectly) to this Agreement OR Goods and/or Services provided by the Supplier under this Agreement], measured in CO2e using the calculations and complete methodology set out in the PAS 2050:2011 Carbon Footprint Standard;
Carbon Footprint Data
- •
means the full figures and detail of how the Supplier measures and calculates its Carbon Footprint at any point in time;
[Carbon Reduction
- •
means a reduction in the Supplier’s Carbon Footprint that is verified by Carbon Footprint Data;]
CO2e
- •
means
- •
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Jurisdiction(s):
United Kingdom
Key definition:
Carbon Footprint definition
What does Carbon Footprint mean?
[means the total annual [GHG OR scope 1, 2 and 3 emissions] relating to the [product OR event OR individual OR company’s OR party’s] business[, expressed as a Carbon Dioxide Equivalent (CO2e)]. OR means the amount in tonnes of Carbon Dioxide Equivalent of scope 1, 2 and 3 Greenhouse Gas Emissions that will be released into the atmosphere as a result of the [manufacture OR supply OR use] of the [Product OR Service OR Business Operation Project], determined in accordance [with international Carbon Reporting practice, being the accepted practice from time to time in relation to reporting for the purposes of the protocols to the United Nations Framework Convention on Climate Change OR with an internationally recognised environmental standard OR with the [organisation’s] carbon footprint methodology and/or carbon footprint tool/standard].]
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