May 21, 2024 12:00 PM

Press release: Framework for Net Zero Alignment

Framework for Net Zero Alignment: Practical steps commercial law firms can take to accelerate the transition

The Net Zero Lawyers Alliance today releases its Framework for Net Zero Alignment for Commercial Law Firms.

The need for strong climate action is increasingly urgent and many organisations have responded by setting their own net zero targets – including commercial law firms. However, targets alone are not enough.  

The Framework provides guidance on the steps that commercial law firms can take to reduce their own greenhouse gas emissions, manage climate-related risks and unlock opportunities to facilitate the global transition to net zero.

The Framework centres on:

Our CEO, Georgina Beasley, said: “the NZLA Secretariat is incredibly excited to release this document, which supports law firms specifically to navigate critical changes in their clients’ operating environment and promote future proof legal services as they transition alongside their client base”.

The Framework builds on research and literature from the private sector, non-governmental organisations and government departments and has been informed by consultation. The NZLA would like to thank everyone who contributed to the development of the Framework, including the NZLA Steering Group and our partners.

Publications

Sustainable Fiduciary Duty: The report

This report clarifies how investors’ fiduciary duties are evolving in light of the intensifying climate and nature crises and identifies five principles for climate action.
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Transitioning Laws: Accounting for the Impact of Climate-Related Laws

The Transitioning Laws report aims to support greater compliance with the IFRS Accounting Standards and the delivery of financial statements that provide a complete picture of how Transition Laws affect a company’s balance sheet.
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Event Recording: Corporate responsibility - Business and human rights in climate disputes

This session will examine the evolving legal landscape where climate-related claims intersect with human rights and corporate responsibilities. Speakers include Dr. Ekaterina Aristova (University of Oxford), Gabrielle Galdino-Glaeser (Baker McKenzie), Roger Leese (Clifford Chance), and Ernst Müller (Herbert Smith Freehills).
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