The Chancery Lane Project ESG

As part of the Built Environment focus on ESG, we, along with our clients, are looking ever more closely at contracts from a sustainability perspective. This includes property contracts and leases. The wording of such contracts and leases is being considered and negotiated in a bid to encourage and enhance the environmental performance of buildings and to futureproof against ever increasing regulation in the area.

We have advised landlords, tech companies and other occupiers on some of the largest office leasing deals in Ireland in recent years, which has involved advising on and negotiating green lease provisions.

We have also been involved in the Irish property group of The Chancery Lane Project, or TCLP, which is a collaborative initiative of international legal professionals working together to develop contractual clauses aimed at delivering climate solutions.

As part of that project, we are currently involved in developing a comprehensive suite of green lease clauses, which may be used in commercial leases in Ireland. Lawyers from our construction and dispute resolution teams have also given helpful input into the clauses.

The clauses range from data sharing to repair and alteration provisions to service charge provisions. We are aiming to launch the first set of clauses in the coming weeks.

Of course, we are always happy to steer our clients through the ever changing and complex ESG landscape, including advising them on how they can adapt their real estate contracts in order to achieve their sustainability objectives.

Please contact Tom Davy or Oliver FitzGerald of our Real Estate team, or your usual contact, to discuss further.