SUSTAINABLE FUTURE Making sustainability legally binding 2022 was the year the world 昀椀nally woke up to the commercial agreements and transactions, a dangers of greenwashing by corporations. The 昀氀ash corporation’s climate commitments can become point was a scathing report from the UN High-Level enforceable legal obligations. This year, our team Expert Group at the COP27 climate conference, helped work on solutions to embed climate clauses which said: “Too many of these net zero pledges are into the contracts and transactions businesses have little more than empty slogans and hype.” in place with their suppliers and others. Employees There have been several proposals since on ways volunteered hundreds of pro bono hours to peer to regulate the practice. Few have been quite so review model clauses, advising on TCLP’s clauses practical as the initiatives members of our Legal and content, promoting the use of sustainability business have been working on with The Chancery clauses, and adapting model clauses for use in Lane Project (TCLP), a collaborative effort of legal various jurisdictions. Together, these focused efforts professionals from around the world to make on developing and promoting model clauses will climate sustainability a part of every commercial help sustainability become a cornerstone of contract REUTERS/Lucas Jackson law and a key component of any transaction. agreement. By including climate clauses in Accelerating action with Reuters IMPACT Perhaps no event in Reuters history has been more optimism, urgency, and energy, Reuters IMPACT aptly named than our marquee annual leadership also saw its fair share of strong opinions and bold summit and global broadcast, Reuters IMPACT. The calls for all stakeholders to stop making promises event, which was conceived to bring together world and start taking action. leaders, big business, and forward-thinking pioneers In addition to Reuters IMPACT, two other marquee to inspire, drive action, and accelerate innovation events, Reuters MOMENTUM and Reuters NEXT toward the climate crisis, lived up to its billing by conferences, collectively brought together 10 introducing bold ideas that would reverberate million participants, both in-person and virtually. through all corners of the media and beyond. Reuters MOMENTUM is a tech-focused event that The live event in London welcomed over 400 convenes C-suite technologists from the world’s leaders from the worlds of politics, business, and most innovative businesses, regulators, and 昀椀nance, and its accompanying live stream was investors to tackle the toughest questions and viewed by nearly 2 million people worldwide. create the commercial roadmap for a new wave Ultimately, the event sparked some 600 news of tech innovation. Reuters NEXT is a global forum stories on topics ranging from big business’ over- for world leaders, innovators, CEOs, and policy reliance on carbon credits to local approaches makers to dissect the crucial challenges facing to renewable energy. Infused with a rich mix of our world today. REUTERS/Kacper Pempel 1717