CCLI through ClientEarth, together with IIGCC, PRI, CDP, Influence Map and Bentham Europe, co-organised a breakfast seminar to explore the liability risks that climate change poses to companies, and what the law can do to help you to avoid risks and recover losses.
Recent high profile corporate scandals involving VW, as well as the collapse of the US coal sector, demonstrate that there are serious risks associated with the shift to a lower carbon economy. In both these cases, significant shareholder value was destroyed by either fraudulent or imprudent managerial practices. In the coming transition, additional regulatory pressure together with rapid technological change is guaranteed to create both winners and losers.
This event considered both how investors can seek to avoid backing losers, and how they can recover losses which may occur. In light of the recent release of the recommendations report of the FSB’s task force on climate-related financial disclosures, the event provided a forum to discuss how investors can confidently act on the additional information expected to become available, avoid systemic risk, and be confident active stewards of the companies they own.