The Bank of England's Prudential Regulation Authority recently pointed out that fiduciaries, including company directors and pension fund trustees, could be held liable for i) contributing to anthropogenic climate change and ii) not reasonably managing the risks associated with climate change. The Bank, and others, have said that this could potentially have significant implications for…

The first of three high-level international symposia on the legal exposures of company directors for climate change damages. The first symposium was held at Lady Margaret Hall, a college within the University of Oxford, on the 8th June 2016. Each symposium facilitated a cross-institutional and cross-jurisdictional exchange of legal thought leadership on director liability risks…

Climate change presents material - if not unparalleled - economic risks and opportunities. These emerging exposures have implications for corporate governance in climate-risk exposed industries (from financial services to mining, infrastructure, agriculture, and beyond), investors (banks, asset owners and managers) and for the insurance sector (professional indemnity and directors' and officers' insurance). Despite these risks,…

CCLI through ClientEarth, together with IIGCC, PRI, CDP, Influence Map and Bentham Europe, co-organised a breakfast seminar to explore the liability risks that climate change poses to companies, and what the law can do to help you to avoid risks and recover losses. Recent high profile corporate scandals involving VW, as well as the collapse…

Panel featuring Prof Mervyn King SC and CCLI's Australian convenor, Sarah Barker (Minter Ellison), hosted by CPA Australia and Melbourne Law School's Centre for Resources, Energy and Environmental Law (CREEL) and Centre for Corporate Law and Securities Regulation (CCLSR). This event explored the changing role of the corporation and how this may play out in…

Alice Garton, part of CCLI, joined a panel examine international developments in the emerging field of climate change litigation. This seminar addresses warnings given in 2015 in a major report by the Prudential Regulation Authority, highlighting potential liabilities for companies and directors in relation to: - contribution to loss and damage caused by anthropogenic climate…

As business steels itself to deal with seismic changes in the world's climate, what is legally expected of directors is becoming more stringent. The Paris Climate talks in December 2015 confirmed what we already knew - that more serious action is required from the corporate world in future. Business leaders must understand how to respond…

Alice Garton, co-investigator at CCLI and Company and Financial Project Leader at ClientEarth, spoke at the FT Climate Finance Summit in London, which gathered some of the leading decision makers, policy makers and investors, to explore the role of international finance in global efforts to combat climate change, as well as the risks and opportunities…

This Roundtable was arranged by Chartered Accountants ANZ and CPA Australia, in cooperation with the Commonwealth Climate & Law Initiative (CCLI). The Financial Stability Board (FSB) Taskforce on Climate-Related Financial Disclosures (TCFD) presented its final Recommendations to the FSB and G20 in Hamburg on 7-8 July, 2017. Whilst 'voluntary', the TCFD Recommendations are an influential…

The 2017 NELA conference brought together a range of experts to discuss the state of Australia’s environment, how various States are addressing past impacts, and innovative mechanisms being explored to avoid future harm. Examining mining rehabilitation, groundwater management, climate risk disclosure, sustainable business practices were among the topics of particular interest.