In pictures: University of Oxford hosts inaugural CCLI conference

As business steels itself to deal with seismic changes in the world’s climate, what is legally expected of directors is becoming more stringent.

The Paris talks in December confirmed what we already knew – that more serious action is required from the corporate world in future.

Business leaders must understand how to respond to this cultural and economic shift – which means legal and financial experts must collaborate to elucidate the law and give the right information to business leaders.

The inaugural CCLI conference, the International Symposium on Directors’ Liability for Climate Risk, was the first of an intended series designed to do just that. International experts on finance and climate change met to clarify how the business world must respond to a changing climate.

Read a detailed summary of the outcomes of the conference.

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At the University of Oxford, international experts on finance and climate change met to clarify how the business world can and must respond to a changing climate. (Pictured: Philippe Joubert)
Sessions addressed some of the biggest legal and financial considerations climate change presents to modern businesses - and more specifically, their directors.
Among the topics covered
Leading the ClientEarth cohort was CEO and keynote speaker James Thornton
Climate presents a risk to business – just as business impacts on climate. Consideration of directors' duties included reputation, talent acquisition, stranded assets, supply chain and financial risks.
Investors also have a role to play, managing risks through the investments they make.
What’s the difference between mandatory and voluntary reporting and what does the law require from both? Is the combination of legal investigation and the need to keep up with other businesses driving better climate risk reporting?
And insurance? Climate risk has primarily been understood from a physical point of view by insurers up to this point. The industry should start to incorporate legal and transitional risk as standard where climate is concerned.
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Alice Chautard