Company Reporting archive
The Financial Reporting Council’s (FRC) updated UK Corporate Governance Code, released today, fails to sufficiently address climate risk.
New analysis suggests the outlooks oil companies are giving their investors are far too rosy.
UK financial regulators are under pressure to issue much-needed guidance on climate risk reporting.
As climate change-related events increase the rate and scale of insurance payouts, how much longer can the industry prop up projects clearly connected to global temperature rise?
The chair of BP’s audit committee was quizzed today over the company’s climate risk assumptions at its AGM.
Investors in Rio Tinto have made it clear that they will not stand by and watch while the company funds lobby groups that block climate policy.
UK asset managers surveyed for Ownership Day believe oil companies will suffer as energy markets go clean.
As Commonwealth leaders assemble in London, under distinct pressure to act on climate, lawyers point to existing law that commits directors to manage climate risk.
Shareholders are set to protest the corporation’s membership to trade associations notorious for undermining international climate efforts.
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.
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.
ClientEarth’s Company and Financial Project brings legal interventions designed to integrate climate-related financial risks into corporate and financial decision making.
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.
Given the climate-intensified destruction present in so many continents today, faith leaders must question their investments in fossil fuels.
Membership fees to policy-obstructive lobby groups betray investor confidence, say lawyers.
The Financial Reporting Council’s failure to enforce climate risk corporate reporting laws has serious implications for investors.
A new legal report seeks to correct company directors who think following climate risk reporting guidelines is riskier than silence.
Another lawsuit against ‘Big Oil’ for the effects of climate change has been filed in California. The cities of San Francisco and Oakland, on behalf of the people of California are suing BP, Chevron, ExxonMobil, ConocoPhillips and Royal Dutch Shell over the company’s contribution to current and projected impacts from sea level rise in California
With Hurricane Harvey battering Texas, a new report by ClientEarth warns that governments and business may be increasingly at risk of litigation for failing to prevent foreseeable climate-related harm to people and infrastructure.
Climate reporting standards will be tested for the first time in the Australian courts. ClientEarth lawyers say it could have global ramifications.