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Company directors should consider company’s nature-related risks (including climate risks): landmark English law legal opinion

Directors should consider their company’s nature-related risks as part of their duties to promote the success of the company and act with reasonable care, skill and diligence, according to an independent legal opinion dated 11 March 2024, commissioned by the CCLI and Pollination. A team of corporate and financial law barristers (high-ranking silks Sharif Shivji…

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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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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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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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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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IPBES ‘Methodological Assessment of the Diverse Values and Valuation of Nature’

The independent intergovernmental biodiversity advisory body called Intergovernmental Science-Policy Platform on Biodiversity and Ecosystem Services (IPBES) has published its Assessment Report on Diverse Values and Valuation of Nature.   Jennifer Ramos, our corporate/finance and biodiversity lawyer, and Zaneta Sedilekova, our biodiversity consultant, summarise points from the report which are relevant for commercial and environmental lawyers in…

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As climate crisis reshapes business, board directors must rethink legal duties – New Legal Primer examines 20 jurisdictions and European Union

24 June 2021 – A new legal Primer produced jointly by the Commonwealth Climate and Law Initiative and the Climate Governance Initiative (CGI), examines the fast-changing landscape of climate risks and opportunities for business, and the implications for board directors’ legal obligations. The Primer on Climate Change: Directors’ Duties and Disclosure Obligations, which examines 20…

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