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Duty to Protect: Corporate Directors and Climate-Related Financial Risk

Our Canadian partner, the Canada Climate Law Initiative, has contributed to C.D. Howe’s brief ‘Duty to Protect: Corporate Directors and Climate-Related Financial Risk’. Amid growing calls from regulators, financial standard organisations and institutional investors, Canadian corporations face pressure to adopt transparent climate-risk reporting. But first, they need greater clarity on the metrics and standards involved. Author Janis Sarra recommends that Canada clarify and adopt mandatory uniform reporting on climate metrics and finance, so that corporate officers and directors can offer investors information that is transparent, comparable year over year and comparable between companies in a sector. Governments can also provide more clarity through legislative reforms to further support directors in the transition to a low-carbon economy.

http://ccli.ubc.ca/wp-content/uploads/2021/04/Duty-to-Protect-Corporate-Directors-and-Climate-Related-Financial-Risk.pdf

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 Kemp House, 160 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 Kemp House, 160 City Road, London, United Kingdom EC1V 2NX.

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