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 Part 1 we look at the emerging liability risks for directors and officers, and examine the connection between climate change and corporate governance.
In Part 2 we look at the legal framework within which directors and officers must operate in order to comply with the regulatory requirements dealing with climate change.