Proposed financial reporting exemptions
FMA is considering introducing relief for insolvent Financial Market Conduct reporting entities
A new legal Primer examines the fast-changing landscape of climate risks and opportunities for business, and the implications for board directors’ legal obligations. The Primer on Climate Change: Directors’ Duties and Disclosure Obligations, which examines 20 countries and the European Union, is the first-ever legal primer that takes a cross-jurisdictional view across such a broad sample of major civil law and common law systems. The Primer shines a spotlight on a set of core universal principles, as well as notable variations in breadth and stringency between the leading jurisdictions and the broader group.
The geographic scope of the Primer covers virtually all countries where the CGI has either well-established or prospective chapters. It covers ten civil law countries plus the EU: Brazil, Chile, France, Germany, Italy, Japan, Mexico, Russia, Switzerland, and Ukraine, along with ten common law jurisdictions: Australia, Canada, Hong Kong, India, Malaysia, New Zealand, Singapore, South Africa, U.K., and the U.S.
The Commonwealth Climate and Law Initiative is a legal research and stakeholder engagement initiative founded by Oxford University Smith School of Enterprise and the Environment, ClientEarth and Accounting for Sustainability (A4S). The Commonwealth Climate and Law Initiative examines the legal basis for directors and trustees to manage and report on climate change-related risk and climate mitigation and our research is at the forefront of the intersection of climate and biodiversity risks under existing companies and securities laws.
The Canada Climate Law Initiative is the Canadian partner of the Commonwealth Climate Law Initiative, an inter-disciplinary research initiative that advances the understanding of climate governance across Canada through research, dialogue and knowledge sharing. CCLI conducts rigorous legal analysis and consult with a national network of 66 Canadian Climate Governance Experts to bring up-to-date governance knowledge and tools to corporate and pension boards across Canada. See website for more information
The Climate Governance Initiative (CGI)
In 2019, the World Economic Forum unveiled the Principles for Effective Climate Governance, a comprehensive set of guidance principles that lay out best practice for boards and their directors in respect of the climate, and partnered with the Climate Governance Initiative (CGI) to facilitate their promotion and implementation. To this end, local CGI “Chapters” have been set up around the world to serve as a centre of expertise and a venue for directors to exchange with each other as well as with a wide range of subject matter experts, and access a range of specialist guidance materials and tools.