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Climate Addendum Version 1.0 (Signable Version)

This Bonterms Climate Addendum Version 1.0 (Signable Version) (“Climate Addendum”) is a set of standard terms that is entered into between Customer and Supplier by specifying the Key Terms and any Additional Terms and executing in the space provided below.

Definitions.
1. “Addendum Effective Date” is the effective date of this Climate Addendum.
2. “Additional Terms” means any additions to or modifications of this Climate Addendum agreed to by the parties.
3. “Customer” is identified below.
4. “Key Terms” means the Addendum Effective Date and Main Agreement, each as specified below.
5. “Main Agreement” means the separate agreement between Customer and Supplier into which this Climate Addendum is incorporated in accordance with Section 6.2 below.
6. “SBTi” means the Science-Based Targets initiative.
7. “Supplier” is identified below.
8. “Supplier Target” is defined in Section 2.1(b).
Sustainability Obligations.
1. SBTi Targets. Supplier will:
  1. within 90 days of the Addendum Effective Date, submit a letter to SBTi establishing Supplier’s commitment to set a science-based target aligned with reduction pathways to limit global warming to 1.5°C or less;
  2. use commercially reasonable efforts to set and have such science-based target (“Supplier Target”) validated by SBTi by the earlier of (i) two years after committing to it or (ii) the then-current deadline required by SBTi; and
  3. use commercially reasonable efforts to achieve such Supplier Target.
2. Reporting. Supplier will within 30 days of Customer’s written request provide:
  1. a copy of Supplier’s plan to achieve its Supplier Target once established; and
  2. a report of Supplier’s global greenhouse gas emissions and the proportion of such emissions specifically related to Supplier's performance under the Main Agreement, including any products or services provided to Customer.
Compliance. Supplier represents and warrants that Supplier: (i) operates in material compliance with environmental laws and (ii) has not been fined or convicted or received written notice of material violation of any environmental laws relating to its performance under the Main Agreement.
Disclosure. Supplier acknowledges and agrees that Customer may, but is not obligated to, publicly disclose that Supplier has entered into this Climate Addendum.
Term and Termination. This Climate Addendum commences on the Addendum Effective Date and terminates upon expiration or termination of the Main Agreement.
General Terms.
1. Relationship to Additional Terms. Any Additional Terms will control in a conflict with the terms of this Climate Addendum.
2. Relationship to Main Agreement.
  1. By entering into this Climate Addendum, the parties incorporate this Climate Addendum (including any Additional Terms) into the Main Agreement.
  2. In the event of a conflict between a provision of this Climate Addendum (as modified by any Additional Terms) and the Main Agreement, the Climate Addendum will control. Otherwise, this Climate Addendum will be construed under, and in accordance with, the terms of the Main Agreement.

The following information is to be completed by the Customer and Supplier entering into this Climate Addendum.
Key Terms
Main Agreement	Identify the agreement into which this Climate Addendum is being incorporated.
Addendum Effective Date
Additional Terms
The following additions to or modifications of the Climate Addendum, if any, are agreed to by the parties and control in the event of any conflicts: Type any Additional Terms or attach as an exhibit and incorporate by reference.
Signatures
Agreed to as of the Addendum Effective Date by each party’s authorized representative:
Customer: Name of company		Supplier: Name of company
Signature:		Signature:
Name:		Name:
Title:		Title:
Signature Date:		Signature Date: