Assessment of the legal liability of credit rating agencies for their failure to take account of climate risks in their credit risk assessments.
Content type: Resource Bank
Data type: Legal references,
Legal Topic: Climate change,
An Australian pension fund member filed suit against the Retail Employees Superannuation Trust (REST) alleging that the fund violated the Corporations Act 2001 by failing to provide information related to climate change business risks and any plans to address those risks. The complaint alleged that the pension fund Trustees owed “fiduciary” duties to the members […]
Content type: Resource Bank
Data type: Legal citations,
Legal Topic: Climate change,
Client Earth made a complaint to the FRC in 2018 in relation to Lancashire Holdings, an insurance Company, alleging failure to deal adequate with climate risks in its Annual Report. The claim was based on a breach of the European Transparency Directive. Similar claims have been made based on obligations in the Companies Act, including under section […]
Content type: Resource Bank
Data type: Legal citations,
Legal Topic: Climate change,
The Commonwealth Climate and Law Initiative has published reports into Directors’ duties here and here. These provide a detailed guide to the duties of directors, trustees and others in common law jurisdictions in the UK, Australia, Canada and South Africa. These duties arise both under common law (duties of care and fiduciary duties) and under companies legislation.
Content type: Resource Bank
Data type: Legal references,
Legal Topic: Climate change,
The claimants purchased shares in Exxonmobill in 2016. The complaint alleged that Exxon’s public statements at that time were materially false and misleading because they failed to disclose that internally generated reports concerning climate change recognized (a) the environmental risks caused by global warming and climate change, and (b) that due to risk associated with […]
Content type: Resource Bank
Data type: Legal citations,
Legal Topic: Climate change,
Shareholders of Exxon sued on behalf of the company to recover moneys and assets allegedly wasted by Exxon management. The claim alleged that the Exxon management provided misleading information to investors and regulators on the degree of climate risk to the company, and were in breach of their duty as directors.
Content type: Resource Bank
Data type: Legal citations,
Legal Topic: Climate change,
This provides detailed guidance on the types of risk faced by companies in different business and industry sectors.
Content type: Resource Bank
Data type: Legal references,
Legal Topic: Climate change,
Website publishes research to assist in assessing the financial impact of climate change on carbon intensive companies.
Content type: Resource Bank
Data type: Legal references,
Legal Topic: Climate change,
A report by the Center of International Environmental Law which provides a comprehensive evidentiary basis of climate deception by certain Carbon Majors.
Content type: Resource Bank
Data type: Legal references,
Legal Topic: Climate change,
The Carbon Majors Report calculates the amount of GHG emissions of the 100 corporations who have emitted the most GHG emissions since 1988. It concludes that these Carbons Majors have been responsible for 71% of global GHG emissions in that period. The report continues to calculate the level of responsibility (by %) each of the […]
Content type: Resource Bank
Data type: Legal references,
Legal Topic: Climate change,
