Law firm will support clients in advancing carbon pricing policies around the world
Baker & McKenzie has become the first law firm to join the Carbon Pricing Leadership Coalition (CPLC), a partnership between the World Bank, the International Monetary Fund (IMF), governments, nonprofits and private sector companies to share best practice on carbon pricing schemes.
The law firm, which employs more than 12,000 people - making it the second-largest in the world - joined the coalition late last week. As part of its membership it committed to working with its clients to develop effective carbon policies and work collaboratively towards establishing a global carbon price.
Martijn Wilder, head of Baker & McKenzie's global environmental markets and climate change practice, said the firm has a long-standing commitment to help companies address the risks and opportunities of climate change.
"Joining the CPLC sets us among many of our key clients - who are often under far greater pressure on environmental issues than us and increasingly expect best practice from their advisers," he added in a statement. "Membership of the coalition demonstrates how seriously we take our commitment both as good corporate citizens and also as trusted advisers who clients can have confidence are of a similar mindset working towards the same long term climate change ambitions."
With the addition of Baker & McKenzie the CPLC now boasts more than 90 business and strategic partners, alongside 20 governments.
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