Key Climate Change Considerations

1. The Deal will be structured so as not to increase, or amplify the impact of, climate change or the carbon emissions of the parties.
2. The Deal will provide opportunities to reduce carbon emissions and the respective party’s impact on climate change and the Parties agree to work together to identify carbon saving opportunities as part of the negotiations.
3. The respective directors of the parties will consider the financial risks relating to climate change as part of the Deal due diligence in accordance with the {AltPrompt}: (copy)- "Norm.sec={Norm.AltX.sec}" where X is 1-2:
   1. recommendations of the Task Force on Climate-related Financial Disclosures
   2. Bank of England’s climate risk taxonomy and climate stress tests
   including the:
   1. physical risks;
   2. transition risks; and
   3. litigation risks.
4. If having considered the risks summarised in paragraph 3 the parties conclude that there are significant climate risks present in the Deal they will, as a Condition Precedent or Condition Subsequent, agree a plan to mitigate the risks identified.