The debate about the corporate ‘social licence’ and overhaul of shareholder primacy has confused directors about the action they need to take right now to comply with their duties while also leading to calls for law reform that may do more harm than good. What is the problem? Post-Hayne Royal Commission, one can barely go … Continue Reading
What are the proposed reforms? The last month has seen ‘Extinction Rebellion’ climate protests on a major scale, with environment groups calling on consumers and investors to cut ties with energy companies, manufacturers and other entities heavily reliant on fossil fuels. This has extended to demands for boycotts on banks and insurers supporting new resources … Continue Reading
The false narrative develops yet again On 31 October 2019, the NZ Government released a Discussion Paper outlining mandatory principles-based disclosure of climate risks for all companies. Importantly, disclosure will use the framework outlined in the June 2017 final report of the G20 Financial Stability Board’s Taskforce on Climate-Related Financial Disclosures (TCFD Framework). The TCFD … Continue Reading
