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Legal Opinion on Directors’ Duties and Disclosure Obligations under Hong Kong Law in the Context of Climate Change Risks and Considerations
We are instructed by the Commonwealth Climate and Law Initiative to provide our joint opinion on: (i) the extent to which directors of for-profit corporations are permitted or required, in the discharge of their duties under Hong Kong law, to have regard to considerations and risks associated with climate change; and (ii) in the case […]
Read moreCanada’s transition to net zero: Accelerating collaboration to meet 2050
CPA Canada’s report on Canada’s Transition to Net Zero: Accelerating Collaboration to Meet 2050 offers practical actions key players can take to facilitate a unified, inclusive, and just transition that positions Canada to remain competitive in a global low-carbon future. The report will help Canada’s key economic sector leaders, policymakers, and the investment community, by providing them […]
Read moreFiduciary Duties and Climate Change in the United States
Our understanding of climate change has evolved from an “ethical, environmental” issue to one that presents foreseeable financial and systemic risks (and opportunities) over mainstream investment horizons. This evolution has substantially changed the relevance of climate change to the governance of corporations. A critical corollary of that evolution is that there are implications for the […]
Read moreTask Force on Climate-related Financial Disclosures (TCFD) – 2021 Status Report
The latest TCFD status report describes progress on climate-related disclosure and TCFD implementation efforts, insights, and challenges. “Since the release of the 2020 TCFD status report, over 1,000 additional organizations have pledged support for the TCFD recommendations. As of October 6, 2021, the Task Force had over 2,600 supporters globally, including 1,069 financial institutions, responsible […]
Read moreTask Force on Climate-related Financial Disclosures (TCFD) – Guidance on Metrics, Targets, and Transition Plans
The Metrics, Targets, and Transition Plans guidance describes recent developments around climate-related metrics and users’ increasing focus on information describing organizations’ plans for transitioning to a low-carbon economy. The guidance also describes a set of cross-industry, climate-related metric categories that the Task Force believes all organizations can disclose.
Read moreDirectors’ Liability and Climate Risk White Paper on India
Climate change as a material financial riskClimate change has garnered significant attention given that it poses a serious challenge to sustainable development. No longer is it merely within the domain of voluntary conduct on the part of corporations. Instead, it is a material financial risk that corporations encounter, thereby imposing duties on the boards of […]
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