October 4, 2021
Directors’ Liability and Climate Risk White Paper on India
Climate change as a material financial risk
Climate 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 directors of corporations to recognise and address climate risk.
Indian directors have a duty of trust and loyalty, a duty competence, and a duty of disclosure. Read the Commonwealth Climate and Law Initiative (CCLI)’s White Paper on India.