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Climate change is part of pension trustees’ legal responsibilities, a new Canadian analysis reveals

26 May 2021 – Canadian pension trustees are the latest to receive a warning that they must consider climate change as part of their legal responsibilities, joining their peers in the UK, Australia and South Africa that have been put on notice in recent years by influential legal opinions.

The Canada Climate Law Initiative has today released an opinion from one of Canada’s most respected pension lawyers, Randy Bauslaugh of McCarthy Tétrault LLP. Randy concludes that pension fund trustees have obligations to consider climate change as part of their fiduciary duty.

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 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 and with registered office at 128 City Road, London, United Kingdom EC1V 2NX.

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