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Directors’ Liability and Climate Risk: White Paper on Hong Kong

To complement the legal opinion on Legal Opinion on Directors’ Duties and Disclosure Obligations under Hong Kong Law in the Context of Climate Change Risks and Considerations, the Commonwealth Climate and Law Initiative (CCLI) has produced a white paper on Directors’ Liability and Climate Risk under Hong Kong law by Dr. Ernest Lim, National University of Singapore Professor.

The white paper examines climate change as a material financial risk, and what this means for directors’ duty to act in good faith in the best interests of their company, duty to exercise due care, skill and diligence, and duty of disclosure. It also examines possible routes for enforcing these duties, and potential consequences of breach.

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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