Climate crisis

COP28: Advised emissions – will lawyers be heroes or villains?

A scene from the westerns and cartoons of my childhood keeps playing in my mind. A trail of gunpowder leads to kegs of dynamite. The fuse is lit. Will the hero put the fuse out before the whole thing blows sky high? It’s a race against time.   What are advised emissions anyway? Advised emissions […]

Sustainable money

Hit green targets or pay more interest: Clydes switches to new credit facility

Clyde & Co has switched to a sustainability-linked credit facility to give the firm a “financial incentive” to reduce its environmental footprint. The firm switched its credit facility with Barclays to a sustainability-linked credit facility in May 2023, which means the interest rate will change depending on whether or not Clydes meets its sustainability objectives. […]

Environment, climate change

Linklaters reveals cyclone shutdown in debut climate risk report

Linklaters has opened up about a cyclone that forced its Hong Kong office to shut down for a day, as it becomes the first magic circle firm to publish its climate-related financial disclosure report. As of 6 April 2022, limited liability partnerships must now provide a climate-related financial disclosures report within their annual report on […]

Don’t backtrack like Sunak

Prime Minister Rishi Sunak delivered what for many will have been a pretty depressing speech at the Conservative party conference about how the government will roll back green policies in the UK. Changes include a five-year delay in the ban on the sale of new petrol and diesel cars, a nine-year delay in the ban […]

Car sharing app

No carpool, no parking space: Walker Morris gets tough on emissions

Any member of staff at Walker Morris can now use its onsite car park, provided they carpool with at least one other employee from the firm. The Leeds-based outfit introduced the car sharing scheme in August as just one initiative to help the firm achieve its target of reaching net zero by 2040. Prior to […]

lights off switch

WFW cuts energy usage as environmental audit looms

Watson Farley & Williams has reduced energy usage in its London office by 24 per cent as the firm gears up for an external audit by the British Standards Institute (BSI) towards the end of the year.  The firm was aided by an internationally recognised environmental management system (EMS) that helps a business complete 23 […]

Net zero

Net zero efforts are embarrassing

Lawyers should understand the consequences of climate change better than most. God knows how many of you have come back from Greece this summer with colourful anecdotes of the 40-degree heat and post-wildfire devastation. And yet there is still a lack of urgency among the legal industry to help mitigate these extraordinary events. US firms […]

Driving the sustainability agenda: Field GC Elspeth Vincent

Elspeth Vincent, GC at Field, entered a market a decade ago that has since become one of the most talked about on the planet: energy. With the challenges over electricity supply following Russia’s war on Ukraine, increasing concern over energy security and a looming climate crisis, focus on the energy sector is more vital than […]