Has anyone got a precedent for this?Climate Clauses & Fostering Legal Innovation
GAIL Asia Pacific hosted two panel discussions: the first with The Chancery Lane Project (TCLP), a collaborative initiative of international lawyers creating contractual clauses to enable solutions to climate change; and the second with Hong Kong University’s interdisciplinary and experiential programme to foster Law, Innovation, Technology and Entrepreneurship (LITE Lab).
The panellists discussed how practitioners can utilise TCLP resources and get involved with LITE, to help them get skilled up and get involved with impact law in Asia Pacific.
Watch a recording of this event below.
This event is in English.
Partner, Pinsent Masons
Jeremy is a partner at Pinsent Masons, a purpose-led professional services business with law at its core. In 2022, Pinsent Masons committed to be among the first businesses to set a science-based net zero target to be validated by the SBTi. Jeremy is an experienced banking & finance lawyer and has gained a unique reputation for providing commercially astute solutions and delivering timely results for both borrower and lender clients. Jeremy advises on a range of energy, infrastructure and real estate projects across Australia and has a strong interest in sustainability-linked finance. Jeremy led a team advising Tesla on Australia’s first ever centrally-owned virtual power plant providing cheaper, cleaner power to residents of social housing properties which won the Sustainability Award at the FT Innovative Lawyer Awards Asia Pacific 2021. Jeremy has also led several successful bids for social benefit bonds in Australia in the fields of children leaving foster care, recidivism, and homelessness. Jeremy is thrilled to be leading the discussion to raise awareness around The Chancery Lane Project.
GAIL APAC Chair
Partner, Parry Field Lawyers Limited, New Zealand
Steven Moe is a Partner at Parry Field Lawyers based in Christchurch with a focus on corporate law, governance, legal structures and transactions which often have a purpose driven aspect. He has worked as a lawyer for 20 years in Wellington, London, Tokyo, Sydney and Christchurch which included 11 years at international firm Norton Rose Fulbright. Based in New Zealand, he wrote “Social Enterprises in NZ: A Legal Handbook” and recently released a book of essays “Laying Foundations for Reimagining Business” and hosts seeds podcast (www.theseeds.nz), which has almost 300 in depth conversations with inspiring individuals. He is the Chair of Community Finance which recently won the “Transforming NZ” award at the Sustainable Business Network awards for its work in raising almost $100 million for social housing. This year he is organising a conference on impact and the power of business for good for 1,400 in Christchurch.
Solicitor, Stephenson Harwood
Tze-wei Ng is a lawyer specialised in philanthropy and ESG based out of Hong Kong with the private wealth department of Stephenson Harwood.
Coming from a cross-disciplinary background with experience in journalism, international development and philanthropy, Tze-wei now focuses on advising clients across the impact spectrum, from charities and philanthropists, to purpose companies and ESG & impact investors. She has been involved in the setting up of some of Hong Kong’s earliest social finance platforms and vehicles, and is actively involved in B Corp developments in Hong Kong, including helping draft the legal requirement for B Corps in Hong Kong.
She regularly speaks and writes about ESG and corporate governance, working in collaboration with the firm’s funds, corporate and regulatory practice. She is also a key member of the firm’s various committees growing the firm’s own environmental, CSR and pro bono efforts.
Outside the firm she is active with the policy research working group of the Hong Kong Green Finance Association. She is board director and advisors to several social justice NGOs dedicated to building a more inclusive Hong Kong. She was a member of the founding team of Sustainable Finance Initiative, which aims at growing a community of private investors in Asia active in impact investing.
She is board member of GAIL, and a founding member of GAIL Asia-Pacific.
Director, Centre for Social Finance Law, Australia
Michael Ryland is the principal and founding director of the Centre for Social Finance Law.
Michael has over 35 years of broad ranging experience in corporate finance, investment funds and commercial law, including 20 years as a partner at global law firms Ashurst and Herbert Smith Freehills. He has worked in Australia, Japan and Indonesia, and has spent two years as a full time Commissioner of the Australian Law Reform Commission (ALRC).
Michael has particular experience in the law relating to social investment, working with a range of for-purpose and for-profit clients on social impact projects, both domestic and cross-border. This has included work on social investment fund structures, social impact bonds and other financial instruments, social infrastructure projects, social and affordable housing, disability services and accommodation, and community initiatives and projects.
Senior Associate (Climate Risk) at MinterEllison
Director of Implementation & APAC Co-Lead at The Chancery Lane Project
Phoebe is a leading expert on contractual climate risk exposures (and opportunities) and the implementation of decarbonisation strategies for the built environment sector and its finance. With a background in delivery of construction and infrastructure projects both in Australia and the UK, Phoebe brings a specialist understanding of the complex legal and commercial nature of project financing, procurement and supply chains to climate risk advisory.
Phoebe is the Co-Lead of APAC and Director of Implementation at The Chancery Lane Project (TCLP), a global collaboration mobilising the legal profession to re wire contracts and laws to tackle climate change. Phoebe regularly convenes and delivers workshops across APAC, the UK and EU with lawyers and industry experts to address climate change related risks and embed climate solutions into commercial contracts. In 2022, Phoebe is leading TCLP’s Built Environment workstream.
Head of Legal at New Zealand Green Investment Finance
Ian is the Head of Legal at New Zealand Green Investment Finance (NZGIF), New Zealand’s Crown-backed green investment bank. NZGIF’s purpose is to accelerate low emissions investment in Aotearoa New Zealand, with an investment approach, flexible mandate and long-term horizon that help it unlock and create investment opportunities, drive impact and provide access for others to climate-friendly investments. In addition to responsibility for NZGIF’s legal compliance and for the documentation and execution of its investment transactions, NZGIF’s legal function is also focused on being at the forefront of legal innovation and impact. Ian has spent his career in private practice and in-house roles in the financial services industry in both New Zealand and Australia.
Founding Executive Director, Law, Innovation, Technology and Entrepreneurship (LITE) Lab at Hong Kong University
BRIAN W TANG is an innovator, ecosystem builder and educator at the confluence of law, technology, finance and social impact who has held senior leadership roles across three continents in global investment banking, international law firms and now a leading university.
Brian is founding executive director of LITE Lab@HKU, an award-winning interdisciplinary and experiential programme that fosters law, innovation, technology and entrepreneurship (LITE) at University of Hong Kong. LITE Lab’s students have co-designed techlaw4good projects with NGOs and social entrepreneurs, won international competitions (Georgetown Law’s Iron Tech Lawyer Invitational; Baker McKenzie Boost Legal Innovation) and published white papers (Our Changing Climate: Applying Regtech to Green Finance).
Brian is co-chair of Asia-Pacific Legal Innovation and Technology Association (ALITA) and board member and founding Regtech Committee co-chair of Fintech Association of Hong Kong, co-leads EDM Council’s APAC ESG Working Group and organized Hong Kong’s first legal hackathon (Global Legal Hackathon Access to Justice Winner).
Brian spent nearly 20 years at Credit Suisse (Hong Kong), Sullivan & Cromwell (New York) and Mallesons (Perth), where he advised on some of the world’s largest and first-ever capital markets and M&A deals, and project and micro financings, and co-chaired Credit Suisse’s Hong Kong Charity Committee.
The Chancery Lane Project, Net Zero Toolkit
This toolkit includes resources to support the alignment of contractual drafting with net zero and a net zero transition map [in beta], providing a high level overview of issues to consider when implementing a company’s net zero target.
Find out more about the toolkit here: https://chancerylaneproject.org/toolkit/The Chancery Lane Project, Climate Clauses
A selection of TCLP climate clauses mapped across the contract lifecycle, with all clauses hyperlinked for ease of use.
Explore the climate clauses here: https://chancerylaneproject.org/climate-clauses/