CIVA is the fiscal sponsor for, and incubator of, The Chancery Lane Project (TCLP). The project’s aim is to rewire contracts and laws so they are aligned with climate related considerations
- Developed a set of climate aligned contracts and clauses in a ‘Climate Contract Playbook’, distributing this widely across the legal sector globally, to in house teams in corporations and to legal precedent banks.
- Codified a glossary of defined terms for use in future drafting and for wider understanding.
- Formalised partnerships for distribution of materials developed, with Thomson Reuters and law firms, and
- Engaged trade bodies and associations to update standard form documentation with new climate aligned market norms.
TCLP secured two rounds of funding in 2020. The first allowed for the employment of a core staff team and for proof of concept to be established. The second allowed for significant growth with a focus on promoting TCLP’s approach in the run up to, during and after the COP 26 events to be hosted in Glasgow in November 2021.
The intention for 2021 is to prove the approach at scale and raise sufficient multi-year funding to continue the project, globally, into 2022 and beyond.