The socio-economic drivers behind responsible capitalism are greater now than they have ever been. Against a backdrop of Government-mandated net zero emissions targets, the appetite of private firms to adopt and deliver ESG standards goes to the heart of their public profile and integrity.
Navigating ESG expectations is complex, the result of interplay between government rules, market expectation and client ambition, but the market is devising a new generation of green lease drafting that can drive real change in how buildings use and embed carbon.
This session will help you understand the more common drafting mechanisms and your role in helping to turn legal wording into measurable performance and future-proofed assets.
Note – while the law referred to is rooted in England and Wales, this session is technically general interest and suitable for those in other jurisdictions.
Key topics
- Legal and market drivers behind a greater take-up of green lease principles.
- The existing regulatory backdrop for commercial property in England and Wales (e.g. the current/future application of MEES and ESG disclosure standards)
- Where to focus attention for negotiation and drafting- for example EPC controls; landlord and tenant co-operation; data sharing; performance targets; the role of service charges; necessary landlord reservations; and controls on alterations and alienation.
- Enforcement challenges and avoiding disputes