Governance and climate change

摘要

THE AOTEAROA Circle Sustainable Finance Forum obtained a legal opinion which says, "directors of New Zealand companies are generally permitted, and will in many contexts be required, to take climate change into account when making business decisions" - a requirement which stems principally from directors' duty to act with reasonable care." (see https://www.theaotearoacircle. nz/sustainablefinance) In particular they need, as part of their overall risk analysis, to identify when and if climate change presents a foreseeable risk of financial harm to the business, this might come from direct effects or the costs of transitioning to a low carbon economy.