Company Reporting archive
“The irony is that by enabling new coal projects, insurers are undermining their own viability. It is a stark case of climate hypocrisy.”
ClientEarth has issued a further legal warning to Polish energy companies Enea and Energa as they prepare to bid for state subsidies for controversial coal power plant Ostrołęka C.
Company Enea will have to justify its decision to power ahead with the controversial project in court, as Poland feels the pressure before COP24.
A member of Shell’s pension fund is ready to take it to the Pensions Ombudsman for maladministration – unless it can prove it is managing its climate-related risk. ClientEarth is supporting him.
Environmental lawyers ClientEarth have put the directors of Energa and Enea on notice of the increasing risk of legal action if they proceed with the project.
Major investors have set out support for a new investor briefing detailing what could be gained from recognition of climate risk by global securities regulatory association IOSCO.
ClientEarth has reported four UK companies, including EasyJet to the financial regulator, also writing to their auditors.
Investors and finance experts have put further pressure on IOSCO to prompt a global gear shift on climate risk reporting.
Three insurance firms could be facing fines after ClientEarth reported them to the Financial Conduct Authority for failure to disclose climate risks in their annual reports.
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.