Event summary: Climate change liability risk forecast to 2050

In collaboration with Willis Towers Watson and Chapter Zero

Download full event summary here

We recently held an event in collaboration with Willis Towers Watson and Chapter Zero which highlighted the critical considerations for NEDs, Executive Directors, Company Secretaries and General Counsel as they navigate climate risk and build resilience in the decades ahead.

These issues are as topical now as ever, and from our viewpoint, many commonalities can be seen in terms of legal issues around both CoVid-19 and climate change, e.g.: supply chain disruptions; contractual issues and reviews; business continuity planning; crisis response; impact on directors' duties; changing regulations; and workplace health & safety.

The event was comprised of three parts:

• An overview of the current physical and transition risk landscape, and the trends in climate change litigation
• An interactive climate risk scenario in which delegates were the "Board" of a fictional company, and voted live on key climate risk-related decisions the company needed to make over a 30 year period
• A panel discussion of senior executives from Tesco, the Financial Reporting Council, the Adaptation Committee on Climate Change, and Willis Towers Watson on current standards of care, changing thresholds and what may be next for companies impacted by climate change – and how liability risk might evolve.

Download the report for a full overview of the event, and please don't hesitate to be in touch to discuss any of these topics further.