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The mainstreaming of climate change and the impact on directors' duties

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posted on 2022-04-05, 05:05 authored by Patricia KeeperPatricia Keeper
The New Zealand Government recently enacted legislation that will make climate risk disclosure mandatory for approximately 200 organisations, including listed companies and certain other large entities. The article outlines the main features of the new laws. The article also reviews the current requirements on boards to consider climate-related matters in their deliberations and in corporate disclosures and concludes that the new legislation will provide increased protections for directors. However, globally and within New Zealand, there are evolving pressures on directors to consider other non-financial matters and New Zealand corporate law needs to be reformed to accommodate such pressures.

History

Preferred citation

Keeper, P. (2021). The mainstreaming of climate change and the impact on directors' duties. Journal of the Australasian Law Teachers Association, 13/14(2020/2021), 1-14.

Journal title

Journal of the Australasian Law Teachers Association

Volume

13/14

Issue

2020/2021

Publication date

2021-12-13

Pagination

1-14 (14)

Publication status

Published online

Contribution type

Article

Online publication date

2021-12-13

ISSN

1836-5612

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