How is the me­dia sec­tor ad­dress­ing the cli­mate chal­lenge?

With more than 450 law­yers in 75 of­fices across the globe our En­ergy and Cli­mate Change prac­tice is one of the largest of its kind. It was foun­ded on ground-break­ing work design­ing and im­ple­ment­ing mod­ern en­ergy mar­kets and is now at the fore­front of de­vel­op­ments on en­ergy trans­ition, re­new­ables and the vari­ous re­sponses to the cli­mate crisis. From ad­vising on cli­mate change strategy, new tech­no­lo­gies, risk and dis­putes, to en­vir­on­ment­al reg­u­la­tion, Power Pur­chase Agree­ments, and real es­tate and in­fra­struc­ture pro­jects, we ad­vise cli­ents op­er­a­tion­ally and stra­tegic­ally. Our track re­cord in­cludes: Ad­vising on the UK’s most ad­vanced car­bon cap­ture pro­ject in the UK’s first zero-car­bon in­dus­tri­al cluster. BP, Eni, Equi­nor, Shell and Total have formed a con­sor­ti­um and as­sumed lead­er­ship of the Net Zero Teesside Pro­ject, pre­vi­ously known as the Clean Gas Pro­ject.Ad­vising product man­u­fac­tur­ers in re­la­tion to sus­tain­ab­il­ity laws for on the launch of new broad­cast and stream­ing devices.Ad­vising broad­cast­ing and me­dia pub­lish­ing com­pan­ies in re­la­tion to Stream­lined En­ergy and Car­bon Re­port­ing and the En­ergy Sav­ings Op­por­tun­ity Scheme.Ad­vising vari­ous private equity funds, banks and large in­ter­na­tion­al man­u­fac­tur­ing and real es­tate or­gan­isa­tions such as Columbia Thread­needle In­vest­ments, Amet­ek, and John La­ing In­fra­struc­ture Fund on en­ergy ef­fi­ciency, car­bon and re­lated re­port­ing ob­lig­a­tions across the EU.Ad­vising ma­jor banks, in­surers and as­set man­agers on prin­ciples likely to un­der­pin reg­u­lat­ory frame­works in­clud­ing, EU Ac­tion Plan for Fin­an­cing Sus­tain­able Growth, Fin­an­cial Sta­bil­ity Board’s Task Force on Cli­mate-re­lated fin­an­cial dis­clos­ures, LMA Green Loan Prin­ciples, ICMA Green Bond prin­ciples.

For me­dia com­pan­ies, the twin re­spons­ib­il­it­ies of work­ing to­wards net zero and of con­vey­ing the im­port­ance of that mes­sage to their view­ers, read­ers and con­sumers re­quires a care­fully cal­ib­rated ap­proach. In a sec­tor gen­er­ally char­ac­ter­ised by a high level of com­pet­i­tion, the level of co-op­er­a­tion and col­lab­or­a­tion between the ma­jor par­ti­cipants serves as a role mod­el for oth­ers to fol­low.Glob­al suc­cess at COP26 will ul­ti­mately be judged by gov­ern­ments’ col­lect­ive ef­forts to achieve their goals. Sim­il­arly, the me­dia sec­tor may well be judged by its abil­ity to com­mu­nic­ate and per­suade people to change their be­ha­viour. It is a re­spons­ib­il­ity they seem well-equipped to man­age and one that CMS is act­ively en­gaged in help­ing with.