Carbon asset risk - challenges ahead

Since Mark Carney’s address to Lloyd’s of London in September 2015 on the “Tragedy of the Horizon” posed by climate change, the premise that fossil fuels will need to be eventually phased out of the global energy mix in order to avert the dangerous risks posed by climate change has been gaining momentum.

NGOs are increasingly scrutinising and challenging the decisions of corporates, banks and financial institutions in respect of the continued use of, or investment in, fossil fuels. It has therefore never been more important to be aware of the legal frameworks governing such decisions. Furthermore, the hotly anticipated voluntary disclosure standard of the Financial Stability Board’s Task Force on Climate-related Financial Disclosures is expected to be adopted by many companies operating in a broad range of economic sectors and financial markets on an “early adoption” basis and could influence binding disclosures standards in due course.

In this seminar, we will examine:<span <></span <>

  • Directors’ duties - can they consider environmental, social and governance issues?
  • Trustee duties and the regulation of investment managers. 
  • Disclosure obligations and the FSB’s Task Force on Climate-related Financial Disclosures; and 
  • Civil law risk including misrepresentation.

Speakers will be drawn from:

Ruth Knox, Associate
Vanessa Havard-Williams, Partner

Click here to view our speakers’ biographies.

Who should attend this seminar?

This seminar will be of interest to legal advisers and regulatory affairs contacts within corporates, banks and financial institutions who track developments on the law on company disclosures, ESG (environmental, social and governance) issues or climate change.