Tag: Commonwealth Climate and Law Initiative
Japanese directors face personal liability over climate risk
As climate is officially a ‘material risk’, a report warns that Japanese directors are legally bound to ‘act with due care’.
EU non-financial reporting: Good start, could do much better
EU companies now report under the Non-Financial Reporting Directive (NFRD). They’ve made a good start but there’s scope to improve their performance and the rules guiding them, say campaigners.
Are directors courting legal action by keeping quiet on climate risk?
In Australia recently, shareholders filed legal action against Commonwealth Bank—it had allegedly failed to disclose climate risk accurately. Could this be the first of many such cases? How should directors report on climate change risks in the face of an uncertain future?