Climate Governance Initiative

Directors’ Duties Navigator: Climate Risk and Sustainability Disclosures

Acknowledgements

Acknowledgements

This Navigator is the result of a collaboration between many organisations and individuals. The Climate Governance Initiative and the Commonwealth Climate and Law Initiative are grateful to all those who have contributed, and would like to acknowledge the contributions of the following people in producing this Navigator:

CCLI and CGI

CCLIProf. Cynthia WilliamsProfessor of Law, Indiana University, Maurer School of Law 
Dr. Janis SarraPeter A. Allard School of Law at the University of British Columbia, Canada Climate Law Initiative
Dr. Ernest LimProfessor of Law, National University of Singapore
Dr. Umakanth VarottilProfessor of Law, National University of Singapore
Jasmin FraserLawyer - Corporate/Finance, Climate Change and Biodiversity
Sarah Hill-SmithLawyer - Corporate/Finance and Climate Change
Param PandyaLawyer - Climate/ Biodiversity in Asia
Victoria PuxleyLawyer - Biodiversity and Africa
CGIKarina LitvackAmbassador & Founding Chairman, CGI. Non-Executive Board Director
Dr. Sabrina Bruno,Professor of Comparative Corporate Law, University of Calabria, Chapter Zero Italy
Emily FarnworthCGI
Nick ScottCGI
Rachel AllenCGI

Contributors to the jurisdictional overviews

ArmeniaLilit KarapetyanConcern Dialog
Kima DavoyanConcern Dialog
AustraliaCharlotte TurnerHerbert Smith Freehills
Sarah MacDonaldHerbert Smith Freehills
Jasmin FraserLawyer - Corporate/Finance, Climate Change and Biodiversity, CCLI
BelgiumGauthier Van ThuyneA&O Shearman
Stéphanie DalleurA&O Shearman
Claire Contreras LatorreA&O Shearman
Alexander PirardA&O Shearman
Sandra GobertGuberna (Belgian Institute of Directors)
BrazilLina Pimentel GarciaMattos Filho
Tábata Boccanera Guerra de Oliveira Mattos Filho
CanadaDr. Janis SarraProfessor of Law Emerita, University of British Columbia, Principal Co-Investigator, Canada Climate Law Initiative
Jasmin FraserLawyer - Corporate/Finance, Climate Change and Biodiversity , CCLI
ChileFranco AcchiardoClyde & Co
Gustav JacobClyde & Co
ChinaKONG, WeiZhong Lun Law Firm
CHEN, YuanZhong Lun Law Firm
NIU, TianhaoZhong Lun Law Firm
WU, DiZhong Lun Law Firm
EgyptDr. Ziad Bahaa-Eldin Thebes Consultancy
Nora HarbThebes Consultancy
Ismail RamadanThebes Consultancy
Mariam AlhawaryThebes Consultancy
EUSabrina BrunoUniversity of Calabria, Chapter Zero Italy
FranceClotilde Guyot-RechardBakerMcKenzie
Guillaume NatafBakerMcKenzie
GermanyDr. Henning Schaloske Clyde & Co
Christoph PiesClyde & Co
GreeceStathis PotamitisPotamitisVekris
Natalia NicolaidisDynamic Counsel Ltd.
Hong KongVirginia Harper-Ho

City University of

Hong Kong

Param PandyaCommonwealth Climate and Law Initiative 
ItalySabrina BrunoUniversity of Calabria, Chapter Zero Italy
IndiaAnchal DhirCyril Amarchand Mangaldas
Aman Deep BorthakurCyril Amarchand Mangaldas
Dr. Umakanth VarottilNational University of Singapore
Param PandyaCommonwealth Climate and Law Initiative
IndonesiaIra A. EddymurthySSEK
Aldilla S. SuwanaSSEK
IrelandAnn ShielsFinLexSus
Eugenée MulhernA&L Goodbody LLP
Jill ShawA&L Goodbody LLP
JapanDr. Masafumi NakahigashiProfessor of Law, Nagoya University
Dr. Yoshihiro YamadaProfessor of Law, Ritsumeikan University
Dr. Janis SarraUniversity of British Columbia, Canada Climate Law Initiative
MalaysiaTo’ Puan Janet LooiSKRINE
Francine Ariel PaulSKRINE
Bar Council Environment & Climate Change CommitteeNader, Hayaux & Goebel
MexicoEnrique Salcedo R. Nader, Hayaux & Goebel
Yves Hayaux du Tilly L. 
NetherlandsRozemarijn BloemendalDeloitte Legal
Ruben KamerlingDeloitte Legal
New ZealandLloyd KavanaghMinterEllisonRuddWatts
Zena RazokiMinterEllisonRuddWatts
PhilippinesCesar L. VillanuevaVillanueva Gabionza & Dy Law
Lily K. GrubaZambrano Gruba Caganda & Advincula Law
Angelo Patrick F. AdvinculaZambrano Gruba Caganda & Advincula Law
 Joyce Anne C. WongRomulo Mabanta Buenaventura Sayoc & de los Angeles Law
PolandHalina FrańczakDeloitte Poland
Monika SadkowskaDeloitte Poland
Katarzyna Sredzinska 
RomaniaCristina ReichmannCMS Cameron McKenna Nabarro Olswang LLP SCP 
Mircea CiutăCMS Cameron McKenna Nabarro Olswang LLP SCP 
RussiaNikita Shabalin DLA Piper
SingaporeRichard AllenBaker & McKenzie.Wong & Leow
Min-tze LeanBaker & McKenzie.Wong & Leow
Yuan-Bing MockBaker & McKenzie.Wong & Leow
South AfricaLeanne GovindsamyCentre for Environmental Rights
Zahra OmarCentre for Environmental Rights
SwitzerlandCorinne NachtBaker McKenzie
Philippe ReichBaker McKenzie
TurkeyEmre DurgunNazali Tax & Legal
Süreyya KorkmazNazali Tax & Legal
UkraineKateryna SorokaDLA Piper
Oleksandr KurdydykDLA Piper
UzbekistanEldor MannopovDentons
United KingdomSarah Hill-SmithLawyer - Corporate/Finance and Climate Change, CCLI
United StatesProf. Cynthia WilliamsProfessor of Law, Indiana University, Maurer School of Law 
Sarah Hill-SmithLawyer - Corporate/Finance and Climate Change, CCLI

About the Commonwealth Climate and Law Initiative

The Commonwealth Climate and Law Initiative (CCLI) is a legal research and stakeholder engagement initiative founded by the University of Oxford’s Smith School of Enterprise and the Environment, ClientEarth and Accounting for Sustainability (A4S). It is a UK non-profit organisation funded by environmental philanthropy and research grants. 
The CCLI examines the legal basis for directors and trustees to consider, manage, and report on climate change and nature-related risks, opportunities and impacts, and the circumstances in which there may be liability for failing to do so. It also works to advance knowledge on effective sustainable governance practices.
The CCLI commissions legal opinions from independent experts in jurisdictions across the world to build an authoritative evidence base on the requirements of company and trust law as it relates to the climate and nature crises. The CCLI works with leading academics, law firms and civil society entities to carry out its own legal research and disseminate the findings. The CCLI’s Canadian partner, the Canada Climate Law Initiative, convenes over 60 experts to educate Canadian boards on climate change under the Canadian Climate Governance Experts project. They also provide an online knowledge hub for climate risk and sustainable finance resources.

About the Climate Governance Initiative

The Climate Governance Initiative (CGI) mobilises boards of directors around the world to address climate change in their businesses. The CGI does this by developing and supporting national associations that equip their members with the skills and knowledge needed to make climate a boardroom priority, building on the World Economic Forum’s Principles for Effective Climate Governance.

Disclaimer

Any errors or omissions, including differences between linguistic translations, in this Navigator are the authors' own. The paper reflects the law as of September 2024, unless otherwise stated. All biodiversity boxes contained within the Navigator have been authored by the CCLI.

This Navigator has been prepared for educational purposes only. This document is not, and is not intended to be, legal advice. The Climate Governance Initiative, the Commonwealth Climate and Law Initiative, their partner organisations and collaborators make no representations and provide no warranties in relation to any aspect of this publication, including regarding the liability of any individual person or entity or the advisability of investing in any particular company or investment fund or other vehicle. While we have obtained information believed to be reliable, we shall not be liable for any claims or losses of any nature in connection with information contained in this document, including but not limited to, lost profits or punitive or consequential damages. 

The information contained in this Navigator is of a general nature and it should not be relied upon as legal advice. Board directors should seek legal advice on the unique circumstances of their company and jurisdiction.