A Climate for Change | Why is Climate Change a boardroom issue?
Following COP26 and the signing of the Glasgow Climate Pact, Clyde & Co and Queen Mary University of London (QMUL), hosted a half-day virtual conference on climate change on Wednesday 23 March 2022. The conference is now available to view on-demand.
As part of a decarbonised future, businesses are uniquely placed to work with governments, consumers and other stakeholders to push for transformational change across all industries. But they have a lot to lose – almost $1 trillion according to the UN. It is therefore fundamentally important that businesses, including finance institutions and law firms, work with government and civil society stakeholders to ensure everyone is on board with climate change.
The virtual conference can now be viewed on demand. Please click the session you would like to watch, on demand:
Chaired by Prof Malgosia Fitzmaurice, session 1 considered the regulation of environmental and human rights issues by businesses. Tessa Khan discusses why environmental and human rights concerns are relevant to businesses in a broader sense in particular where various risks are involved, Dr Ludovica Chiussi Curzi highlights the major challenges in navigating the standards we have, how to put them into practice and the possibility of implementing treaty regulations in these areas, and Catherine Higham provides details on the domestic legislative landscape and the role that climate change litigation has played in spurring the move from soft law to hard law.
Chaired by Richard Power, Session 2 considered whether changing laws and regulations has led to a change in investment behaviour to channel funds into green energy and other decarbonising projects. Dr Angelos Dimopoulos considered the impact of liberalising international trade, Duncan Grierson gave a fascinating insight from an ethical investor’s point of view, and Grant Douglas explained how planning renewable projects has been affected by the green agenda.
Chaired by Ben Knowles, Session 3 considers issues commonly seen in environmental claims in international arbitration. Wendy Miles QC explains how climate and environmental claims fit into the legal framework, Stuart Bruce looks at these claims in the context of investment arbitration and Tibisay Morgandi analyses some of the recent court cases that have been determined by the courts of England and Wales. Climate change disclosures and sustainability reports, and their legal impact, were topics that all our panels addressed.