It is important to recognise that climate change and the effects of climate change is one of the most significant emerging risks facing the world today. Climate change and its associated risks are relevant to almost every industry globally.
Climate change is a long-term risk that requires long term planning from a corporate governance perspective. Directors and officers need to recognise their responsibilities in this regard.
The business risks that arise from climate change are many and include the physical threat to property or injuries to persons, commercial implications, regulatory compliance and litigation risks.
In this White Paper, we look at the emerging liability risks for directors and officers, and examine the connection between climate change and corporate governance. We also look at the legal framework within which directors and officers must operate in order to comply with the regulatory requirements dealing with climate change.