Investors rely on companies to accurately report on the risks to their business. But despite new international initiatives, most companies are not reporting their exposure to climate risk adequately. Our engagement with regulators and businesses is pushing companies towards reporting on and reducing these risks.
In today’s climate, the argument for underwriting coal is on ever shakier ground, but many European companies are still fuelling the fire.
Industry and regulators should be given until 2020 to boost climate risk disclosure, or face government intervention, a senior ClientEarth lawyer told the Commons Environmental Audit Committee (EAC) today.
Three out of the top five official risks to the global economy in 2018 stem from the changing climate. Financiers need a plan.
Better climate reporting, clarity on investor duties and stronger oversight could pave the way for a greener finance sector.
An international panel of judges and academics has come together to clarify the expectations of businesses in addressing climate change.
ClientEarth’s Company and Financial Project brings legal interventions designed to integrate climate-related financial risks into corporate and financial decision making.
Here, you can access our regulatory referrals, investor briefings, and publications on the legal duties of company directors, pension fund trustees, investment advisers, asset managers, auditors, and other financial actors, to report on and manage the material financial risks associated with climate change.
- Contract-based pensions and climate risk: Report and recommendations to the Financial Conduct Authority
- Letter to Lloyd’s about investment policy and coal risk
- Investor Briefing UK v Australian Shareholder Rights – Feb 2018
- Risky Business: Climate change and professional liability risks for auditors
- Risky Business: Climate change and professional liability risks for pensions investment consultants
- Risky business – Climate change and professional liability risks for DB pensions actuaries
- ClientEarth Investor Briefing – FRC failures are increasing risks for investors
- ClientEarth questions demand forecast accuracy at BP’s 2017 AGM
- Letter to Glencore: Potential legal risks of corporate reporting regarding coal
- Letter to BP: Potential legal risks of corporate reporting regarding oil demand forecast to 2035
- Financial regulators and climate risk – using the Adaptation Reporting Power
- Referral to The Pensions Regulator – LGPS funds