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Developments in climate-related litigation, disclosures and due diligence requirements: What board directors need to know

The Commonwealth Climate and Law Initiative (CCLI) has partnered with the Climate Governance Initiative to publish this briefing for board directors on the Climate Governance Hub.  A resource for navigating the rapidly-evolving landscape of sustainability-related corporate responsibilities, this: updates previous briefings on climate change litigation, climate-related disclosures and ESG-related risks in value chains and  the…

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Australian company directors exposed to nature-related risk: new legal opinion

Under the Australian Corporations Act, nature-related risks are within the scope of directors’ duties to act with care and diligence, according to a new legal opinion dated 24 October 2023.  Authored by Sebastian Hartford-Davis and Zoe Bush, the opinion ‘Nature-related risks and directors' duties’ concluded that nature-related risks to a company should be regarded as…

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Primer on Climate Change: Directors’ Duties and Disclosure Obligations – 3rd edition

The Commonwealth Climate and Law Initiative (CCLI) is delighted to have worked with the Climate Governance Initiative (CGI) to produce the third edition to the Primer on Climate Change: Directors’ Duties and Disclosure Obligations. This new edition delves deep into the material, financial, and systemic risks posed by climate change, offering valuable insights into the implications…

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TNFD beta v0.4 in a nutshell for corporates and directors

Author: Zili Duniya Bungwon Date: 17 April 2023 On 28th March the Taskforce on Nature-related Financial Disclosures (TNFD) released the fourth and final prototype of its framework, which will be followed by its final recommendations in September 2023. The first three beta versions of the TNFD’s framework were released in 2022, followed by market pilot…

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Biodiversity as a material financial risk: What board directors need to know

In the context of recent global developments, boards need to understand all of the indirect, but very real, implications of biodiversity loss for their business.  This update draws out key points of the Commonwealth Climate and Law Initiative (CCLI) report: Biodiversity Risk: Legal Implications for Companies and their Directors to outline why biodiversity loss should…

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CCLI submits response to Transition Plan Taskforce consultation

The Transition Plan Taskforce (TPT) recently concluded a consultation on its Disclosure Framework and Implementation Guidance, which aims to develop a 'gold standard' for the disclosure of transition plans. The Commonwealth Climate and Law Initiative (CCLI) responds to consultations in areas within our legal expertise on an ad hoc basis. We comment on how…

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COP15 – Key Takeaways for Corporates

 Authors: Zaneta Sedilekova (blog post), Jenni Ramos (Jargon Buster) Date: 23 January 2023 The 15th Conference of Parties to the Convention on Biological Diversity, known as  COP15, took place in December 2022 in Montreal, Canada. It resulted in a long-anticipated Kunming-Montreal Global Biodiversity Framework (GBF), heralded as a Paris-style agreement for nature. The GBF is…

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Biodiversity Risk: Legal Implications for Companies and their Directors

Our brand new report authored by Jennifer Ramos and Zaneta Sedilekova ‘Biodiversity Risk: Legal Implications for Companies and their Directors’ explains that in order to discharge their duties and disclosure obligations, directors can ensure that risk management processes assess foreseeable biodiversity dependencies and impacts of the company for materiality and measure those that are material,…

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Momentum is gathering for the international biodiversity negotiations

On 7 December 2022, world leaders will meet in Montreal, Canada for the second round of the 15th Conference of Parties (COP15) to the Convention on Biological Diversity (CBD) to agree on the final text of Global Biodiversity Framework (GBF), an agreement with an ambitious goal to reverse global biodiversity loss. As the world enters…

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New legal opinion cautions Philippine company directors to take climate change seriously or risk liability for gross negligence

28 November 2022, London – Directors of Philippine for-profit corporations must take into consideration climate change-related risks in the discharge of their fiduciary duties of obedience and diligence to fulfil their companies’ long-term legal, economic, moral and social obligations towards their shareholders and other stakeholders. Directors must do so in order to abide by the…

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Round-up of biodiversity day at COP27 (16 November 2022)

On 16 November 2022, the focus at COP27 shifted to issues relating to biodiversity, paving the way for the UN Biodiversity Conference (COP15) which is due to take place between 7 and 19 December 2022 in Canada. Key developments of the day included the launch of the Enhancing Nature-based Solutions for Climate Transformation initiative which…

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Transition Plan Requirements- Mapping the net-zero transition

Author: Alex Cooper Date: 9 November 2022 A year on from its announcement at COP26, and with the eyes of the world on Egypt’s COP27,  the UK Transition Plan Taskforce (TPT) published its Disclosure Framework and related Implementation Guidance yesterday (8 October 2022). The UK Government has stated that it intends to require listed companies,…

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World Energy Outlook 2022 – three scenarios for the energy transition

Author: Alex Cooper Date: 31 October 2022 The International Energy Agency (IEA) advises fossil fuel producing nations on energy policy and  produces annual analysis and predictions on energy consumption, production and policy which are regarded as influential by governments and companies. On 27 October, the IEA published its World Energy Outlook 2022 (WEO 2022), its…

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Trade offs in corporate governance and balancing directors duties on the climate–biodiversity–society nexus

Jenni Ramos, Alex Cooper and Zaneta Sedilekova explore how the interconnection between climate, biodiversity and just transition impacts on the performance of director’s duties. Last month the World Biodiversity Summit (part of New York Climate Week) convened to explore joint solutions to the biodiversity and climate crises. With COP27 in November (featuring a day on…

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Commonwealth Climate and Law Initiative
The CCLI examines the legal basis for directors and trustees to consider, manage, and report on climate change and broader environmental risks, opportunities and impacts, and the circumstances in which there may be liability for failing to do so. We also work to advance knowledge on effective sustainable governance practice.
Contact

The Commonwealth Climate and Law Initiative is a company limited by guarantee registered in England and Wales with company number 11813153, REGISTERED CHARITY NUMBER 1203501 and with registered office at 128 City Road, London, United Kingdom EC1V 2NX.

Commonwealth Climate and Law Initiative

The CCLI examines the legal basis for directors and trustees to consider, manage, and report on climate change and broader environmental risks, opportunities and impacts, and the circumstances in which there may be liability for failing to do so. We also work to advance knowledge on effective sustainable governance practice.

Contact

The Commonwealth Climate and Law Initiative is a company limited by guarantee registered in England and Wales with company number 11813153, REGISTERED CHARITY NUMBER 1203501 and with registered office at 128 City Road, London, United Kingdom EC1V 2NX.

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