Addleshaw Goddard and EEA set out free-to-use clauses to drive ESG in hospitality sector
Addleshaw Goddard has today launched a paper proposing model drop-in clauses to help drive ESG outcomes through hotel sector contracts. Written in collaboration with the Energy & Environment Alliance (EEA), the paper provides a series of contract clauses, which can be used within the construction industry to encourage contractors and other key stakeholders to adopt sustainable working practices, including through incentivising green modifications to the design and development of a project.
The paper, 'Sustainable Hotel Construction', investigates why sustainability is so important in the construction of hotels, highlighting the unnecessary amount of embodied carbon often accumulated during the build phase and setting out opportunities to reduce the environmental impact of hotels during their operation.
The clauses were drafted based on those developed by the Chancery Lane Project, a not-for-profit coalition of lawyers working to develop new contracts and model laws to help fight climate change.
The clauses are freely available for anyone to use, demonstrating Addleshaw Goddard's continued commitment to finding imaginative solutions to ESG-related business challenges and areas of opportunity.
The paper was launched at the Energy & Environment Alliance's second annual summit, which is this year dedicated to investment and innovation in Net Zero Carbon (NZC) and Environmental, Social and Governance (ESG) leadership for hotels.
Buildings are responsible for 39% of global greenhouse gas emissions, one third of which is embodied carbon resulting from the construction and end of life phases of built assets. As planning authorities and regulators accelerate carbon accountability rules - moving beyond operational to embodied carbon, investors need effective and robust tools with which to tackle the environmental, social and governance (ESG) impact of all life stages of their assets. For hotels, ESG considerations throughout the lifecycle of the asset directly impact yields and business values. I am therefore thankful to Addleshaw Goddard for their timely leadership on the Sustainable Construction Clauses report, helping to provide the legal framework and model clauses for sustainable hotel infrastructure and buildings. Ufi Ibrahim, CEO, EEA
We are delighted to have worked with the EEA and Chancery Lane Project to produce a paper that can make a real difference by promoting sustainable development in the hotels sector. Luke Baines, construction partner and co-head of the Hotels Sector at Addleshaw Goddard
To download the full report, click here.
About Addleshaw Goddard LLP
Addleshaw Goddard LLP is a full-service internal law firm with 1,600 lawyers globally. It has a ranked Hotels & Leisure team, known for its ability to advise clients throughout the entire lifecycle of hotel development, ownership and operation, drawing on a breadth of experience and sector knowledge.
About The Chancery Lane Project
The Chancery Lane Project is a collaborative initiative of international legal and industry professionals whose vision is a world where every contract enables solutions to climate change. It brings together lawyers from around the world to come up with legal solutions to the world's climate problems.
For more information, visit: https://chancerylaneproject.org/.
About the Energy & Environment Alliance (EEA)
The Energy & Environment Alliance (EEA) is a not-for-profit coalition of hospitality investors, developers, asset managers and operators, working as a collective to transition the industry to Net Zero Carbon and ESG stewardship in a scientifically robust and commercially sustainable way.
