Company directors ‘could be liable for nature risk’

Directors could be personally liable for failing to consider risks caused by a company’s impact on the natural environment amid a push for corporations to focus on a wider range of green issues beyond climate change.

“Directors of companies should at least identify the company’s nature-related dependencies and impacts, and consider the potential risks this may pose to the company. Directors who fail to consider nature-related risks could be found liable for breaching their duty of care and diligence,” says the commentary, to be published on Thursday.

He also pointed to the Taskforce on Nature-Related Financial Disclosures, a group made up of 40 executives from global financial institutions and companies, which in September finalised a framework for nature-related risk. The taskforce includes representatives from financial giants including BlackRock, Macquarie Group, HSBC, AXA and UBS.

“This is just one piece of process, and this piece is really about directors of companies and whether they have an obligation to consider the financial implications of environmental damage,” he said.

Colombia Últimas Noticias, Colombia Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Residential Building Company Collapses into Liquidation Over Unpaid DebtsA residential building company in Melbourne has been ordered to wind up after accumulating nearly $1 million in unpaid debts. The company has been involved in a legal battle and has appointed liquidators to handle the insolvency process.
Fuente: newscomauHQ - 🏆 9. / 77 Leer más »

Rinehart’s private company Hancock Prospecting posts $5b profitHancock’s growing lithium interests have led it to criticise Australia’s competitiveness against other developed economies.
Fuente: FinancialReview - 🏆 2. / 90 Leer más »

Google CEO says his company has improved the internet for everyoneAs Sundar Pichai tells it, the tech giant has always been on the side of consumers as it paid billions of dollars to Apple and Samsung to make Google’s internet search engine the default option on their devices.
Fuente: smh - 🏆 6. / 80 Leer más »

Google CEO says his company has improved the internet for everyoneAs Sundar Pichai tells it, the tech giant has always been on the side of consumers as it paid billions of dollars to Apple and Samsung to make Google’s internet search engine the default option on their devices.
Fuente: theage - 🏆 8. / 77 Leer más »

Google CEO says his company has improved the internet for everyoneAs Sundar Pichai tells it, the tech giant has always been on the side of consumers as it paid billions of dollars to Apple and Samsung to make Google’s internet search engine the default option on their devices.
Fuente: brisbanetimes - 🏆 13. / 67 Leer más »