“It is likely to be only a matter of time before we see litigation against a director who has failed to perceive, disclose or take steps in relation to a foreseeable climate-related risk that can be demonstrated to have caused harm to a company.” Legal opinion by Noel Hutley SC.
Climate-related risks and opportunities have become an issue for both investors and Boards.
In 2017, the G20’s Financial Stability Board’s Task Force on Climate-related Financial Disclosures (TCFD) issued a set of recommendations providing structure and consistency for management and disclosure of climate-related risks. Companies are now looking to implement these recommendations in their reporting frameworks.
Climate litigation is also increasingly becoming a real risk with proceedings now being taken for lack of assessment or non-disclosure of climate risk.
In navigating assessment and disclosure of climate- related risks and opportunities, companies will face a number of challenges. With these challenges in mind, Norton Rose Fulbright, Point Advisory, and the Future Business Council have developed this practical session for participants which will cover:
- current and emerging litigation risks relating to climate change and climate related disclosure
- the investment community’s perspective on how climate risks should be addressed
- how to build a business case to understand and elevate this issue within your organisation, helping you better communicate with and bring together Board members, senior executives, risk professionals, legal teams, and sustainability experts
- AGL’s experience in navigating the TCFD recommendations and producing their first TCFD report.
Please join us for a discussion on why climate risk should be part of your business agenda and how you can make it happen.
Elisa de Wit, Partner, Norton Rose Fulbright
Christophe Brulliard, Principal Consultant, Point Advisory
Emma Herd, CEO, Investor Group on Climate Change
Theo Comino, Manager Greenhouse and Sustainability, AGL Energy, and
James Wright, Chief Executive Officer, Future Business Council
Wednesday, 13 March 2019
4:45 pm – Registration
5:00 pm – Seminar starts
7:00 pm – Seminar ends
7:00 pm – 8:00 pm – Networking drinks
Norton Rose Fulbright
Level 15, RACV Tower, 485 Bourke Street