Business archive

  • floating ice

    Auto-enrolment pension savers could face significant losses due to poor climate risk practice

    A new report by ClientEarth and ShareAction has revealed that millions of pension savers may face significant future losses due to lack of action from pension providers and their regulator on climate risk

  • New ECJ ruling could spell the end of 200 intra-EU investment agreements

    Today, a landmark ruling of the European Court of Justice could signal the beginning of the end for around 200 investment agreements between EU Member States.

  • Call for release of environmental activists jailed over protesting on toxic spill in Vietnam

    ClientEarth is joining the United Nations experts call to release individuals jailed for protesting against a discharge of toxic industrial chemicals into coastal waters of Vietnam.

  • image shows hikers in Nepal

    Lloyd’s of London should take action on coal risk

    ClientEarth has written to Lloyd’s of London to ask it to take action on risky coal business

  • silver birch fronds snowy trees

    “Now is the time to turn it around” – lawyers and regulators say actuaries must do their homework on climate risk

    Climate risks can pose a threat not only to individual businesses but to economic stability as a whole. Actuaries occupy a unique position in advising the financial world on how to tackle it.

  • Polish street at night colourful buildings

    Insurers may face legal questions if they keep propping up coal

    The argument for underwriting coal is on ever shakier ground, but many European companies are still fuelling the fire.

  • Image shows a rain storm over a wheat field

    Climate risk: ClientEarth lawyer urges two-year deadline

    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.

  • blue red sunset arctic ice floes

    Climate dominates economic leaders’ 2018 risk list

    Three out of the top five official risks to the global economy in 2018 stem from the changing climate. Financiers need a plan.

  • Finance experts’ recommendations on climate could prove “transformational” for Europe

    Better climate reporting, clarity on investor duties and stronger oversight could pave the way for a greener finance sector.

  • building prism greenhouse palm trees

    James Thornton hosts launch of corporate climate principles

    An international panel of judges and academics has come together to clarify the expectations of businesses in addressing climate change.

  • teasels-against-sunrise-blue-pink-steam-trails

    UK pensions law reform will “sweep climate confusion off the table”

    Persistent failure by pension funds to recognise material ESG risks leads to landmark reforms.

  • upwards view blue sky highrise building

    Spotlight on auditors over climate risk reporting

    Lawyers say auditors must now understand the implications of climate risk and consider how it affects their own work and advice. There are real and increasing legal risks if they don’t.

  • orange glow misty mountain upwards

    Coal investors stand to lose billions within a decade – unless utilities act now

    As coal runs at a loss, power companies are running out of excuses to invest in it. A new report by Carbon Tracker charts a route to minimising the impact to shareholders as coal loses out to cheaper, cleaner ways of making and using energy.

  • delicate dry twigs against blue background

    “Earth to trustees” – climate risk guidance for pension funds is now available

    Until now, the pension industry has been missing a comprehensive ‘how-to’ for the day-to-day management of climate risk. The PLSA has worked with ClientEarth to publish one.

  • autumn leaves

    New reports bring to light climate liability risks facing pensions advisers

    Climate risk is present throughout the investment chain and so too is the responsibility to monitor and manage it. New legal research sheds light on how climate risk affects the advice consultants and actuaries provide to their pensions clients.

  • ClientEarth objects to gas pipeline Nord Stream 2

    ClientEarth has filed an appeal to the Finnish authorities, asking them to deny Gazprom the permits they need to start constructing gas pipeline Nord Stream 2.

  • london dusk

    Chancellor “has shied away from taking real action” on diesel in Budget

    The Chancellor Philip Hammond has outlined the details of his autumn Budget to MPs in the Commons.

  • palm tree silhouette lights

    Top insurers pull billions from coal – lawyers say there are “serious questions” for those still invested in it

    This week, insurance giant Zurich announced that it would both divest from and stop insuring coal-dependent businesses. ClientEarth lawyer Alice Garton questions why others are lagging behind.

  • scarlet cloud sunset over dark landscape

    Lawyer to faith investors: “never has your voice been needed more”

    Given the climate-intensified destruction present in so many continents today, faith leaders must question their investments in fossil fuels.

  • fragment-pattern-red-railing-staircase

    Investors haul mining giant BHP over coals on “climate hypocrisy” at AGM

    Membership fees to policy-obstructive lobby groups betray investor confidence, say lawyers.

  • mountain climbers

    Financial regulator failures increase investor risk

    The Financial Reporting Council’s failure to enforce climate risk corporate reporting laws has serious implications for investors.

  • reflection of Bulgarian mountain in lake

    Climate risk reporting: silence is the most dangerous option, say experts

    A new legal report seeks to correct company directors who think following climate risk reporting guidelines is riskier than silence.

  • shipping containers

    EU Court to judge controversial investment rules in Canada trade deal

    Belgium has delivered on its promise to ask the European Court of Justice to rule on whether controversial investment tribunals set up by the EU-Canada trade deal contradict EU law.

  • Studen Kladenets Dam, Bulgaria

    Bulgarian proposals threaten environmental access to justice

    A coalition supported by ClientEarth has called on the European Commission to protect access to justice in Bulgaria in the face of new proposals from the country’s ruling party.