Directors’ Duties and Climate Risks

Legal action on climate is what we all want to avoid – CPD CEO Travers McLeod in the AFR

Efforts to understand climate risk within companies and across the economy are not about managing climate through the legal system, usurping the role of government, or forcing companies to go it alone on saving...

CPD Business Roundtable on Climate and Sustainability | EVENT | November 2019

On 21 November, CPD convened a business roundtable on climate change and sustainability which brought together senior executives and directors from Australia’s biggest banks, insurers, investors, businesses and superannuation funds, senior representatives from Australia’s leading...

Full text of Kenneth Hayne AC QC remarks to CPD climate roundtable

Below is the text of remarks delivered by The Hon Mr Kenneth Hayne AC QC at the Centre for Policy Development’s Business Roundtable on Climate and Sustainability on 21 November 2019 in Sydney. Mr...

Travers McLeod’s response to Rebecca Huntley’s Quarterly Essay, Australia Fair: Listening to the Nation

In reply to Rebecca Huntley’s Quarterly Essay, Australia Fair: Listening to the Nation TRAVERS MCLEOD At the heart of Rebecca Huntley’s Australia Fair is the idea that we are a nation of democrats. Our affinity with democracy...

Updated Hutley opinion on directors’ duties and climate risk

Full supplementary memorandum of opinion here Today CPD has released an update of a landmark 2016 legal opinion on how Australian law requires company directors to consider, disclose and respond to climate change. Summary of...

Heavyweights now speaking with one voice on climate change risks | Op-ed Sam Hurley | March 2019

Published in The Sydney Morning Herald on 24 March 2019 Climate change is reshaping Australia’s economy and financial system, and its consequences will be devastating without urgent action. If that message had not hit home, the...

Climate Change and the Economy with the RBA’s Guy Debelle | PUBLIC FORUM | March 2019

Full audio of the public forum available here. Full speech by RBA Deputy Governor Dr Guy Debelle available here. On 12 March, as part of our latest public forum on climate change and the...

Murray-Darling report shows public authorities must take climate change risk seriously | Op-ed | Arjuna Dibley

Published in The Conversation on 4 February 2019.  The tragic recent events on the Darling River, and the political and policy furore around them, have again highlighted the severe financial and environmental consequences of mismanaging...

Public authority directors’ duties and climate change | DISCUSSION PAPER | January 2019

CPD has released a new discussion paper on the legal obligations of public sector corporate boards and directors to consider climate-related risks. Public authority directors’ duties and climate change finds that these directors likely...

Time for an Australian sustainable finance taskforce

Published in The Sydney Morning Herald on 22 July 2018. ASIC commissioner John Price.Photo: Jeremy Piper ASIC commissioner John Price left a Sydney audience in no room for doubt last month when he confirmed company directors risked...