Common use of Environmental Commitments Clause in Contracts

Environmental Commitments. Climate Action $Nil The Environmental Commitment Notice to be issued the later of: (a) 12 months after the Development reaches 75% of the NLA of the commercial building being occupied by tenants; or (b) 18 months after the Occupation Certificate is issued for the office component of the Development. i. 100% renewable energy in operation ii. 100% electric iii. 100% carbon neutral across scope 1 and 2 operational emissions across base building services 6e. Environmental Commitments – Green Star Buildings $Nil The Environmental Commitment Notice to be achieved within 24 months of issue of an Occupation Certificate for the Development. 6-star Green Star Buildings v1 certified rating. 6f. Environmental Commitments – WELL $Nil The Environmental Commitment Notice to be provided within 24 months of issue of an Occupation Certificate for the Development. Well Core Platinum Office (Target) for office component of the Development.