Climate Change Data

Environmental Metrics

ESG Focus Areas

• Economic Performance
• Market Presence
• Environmental (Energy, Emissions, Compliance)
• Social (Labor Practices, Training, Diversity, Human Rights, Supplier Human Rights, Local Communities, Anti-corruption)
• Governance (Compliance, Anti-competitive behavior, Public Policy)

Environmental Achievements

• Reduced energy consumption to 6,088 kWh per FTE in FY 2018/19, a reduction of 0.669 kWh per FTE since FY 2017/18. Scope 1 & 2 CO2 emissions per FTE decreased by 13.12% from the 2017/18 baseline.

Social Achievements

• Helped 184,998 people through community contributions in FY 2018/19.
• Nearly all partners, lawyers, and business services staff had completed annual appraisals.

Governance Achievements

• No incidents of corruption recorded.
• No legal actions for anti-competitive behavior, anti-trust, and monopoly practices.

Climate Goals & Targets

Environmental Challenges

• Managing a large and diverse global supply chain with varying local regulations and practices.
• Tracking supplier compliance with human rights criteria.

Mitigation Strategies

• Appointed a new role to lead global supplier relationship management, including a new SRM framework and policy focusing on supplier diversity and sustainability.
• Developing a sustainability statement for suppliers.
• Introducing procedures to track compliance with required clauses in supplier contracts, including Clifford Chance’s Supplier Code of Conduct and UN Guiding Principles on Business and Human Rights.
• Issuing a Supplier Assessment Questionnaire (SAQ) to gather information on supplier policies and practices.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Global Procurement Policy, Supplier Code of Conduct, Supplier Assessment Questionnaire (SAQ), focus on supplier diversity and sustainability

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: GRI G4 Sustainability Reporting Guidelines

Certifications: ISO 14001 (London), LEED (Washington, DC), ISO 50001 (London), BREEAM (Luxembourg)

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Clifford Chance endorses the UN Sustainable Development Goals.

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Climate Change
• Sustainable Finance

Climate Goals & Targets

Environmental Challenges

• Aviation sector's contribution to global carbon emissions
• Lack of universally accepted criteria for 'green loans' or 'sustainability' in aviation transactions
• Uncertainty regarding eligible emissions units under CORSIA
• National implementation of CORSIA rules taking time
• Compliance considerations for aircraft lessors and lenders

Mitigation Strategies

• Development of green and sustainability-linked loans
• Implementation of CORSIA (Carbon Offsetting and Reduction Scheme for International Aviation)
• EU ETS provisions in aircraft leases addressing compliance
• Extension of EU ETS provisions to cover CORSIA in new leases and loans
• Airlines investing in more efficient aircraft engines and improving operational efficiencies

Supply Chain Management

Climate-Related Risks & Opportunities

Opportunities

• Development of sustainable aviation fuel
• Investment in more efficient aircraft engines

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Climate Goals & Targets

Environmental Challenges

• Increasing awareness that a failure to address ESG matters can be detrimental both financially and reputationally.
• Investor pressure, internal governance and the proliferation of regulatory requirements and voluntary standards across the globe makes ESG a complex area to manage.

Mitigation Strategies

• This newsletter is intended to assist banks, financial investors and corporates in keeping up to date with ESG developments.

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Governance
• Environmental
• Social

Climate Goals & Targets

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Climate Goals & Targets

Supply Chain Management

Climate-Related Risks & Opportunities