Directors’ Duties and Climate Risks

CPD appears at the inquiry into the prudential regulation of investment in Australia’s export industries

On Wednesday 28 July 2021, CPD’s CEO Travers McLeod and Sustainable Economy Program Director Toby Phillips appeared at the inquiry into the prudential regulation of investment in Australia’s export industries. Travers and Toby drew...

Companies warned that ‘greenwashing’ could have legal consequences

Published by RenewEconomy on Monday 26 April 2021. Company directors that rush to make net zero pledges without fully examining the firm’s ability to meet the goals could be guilty of “misleading or deceptive...

Directors liable for ‘greenwashing’ disclosures

Published in the AFR on Monday 26 April 2021 Companies and their directors could be sued for “greenwashing” their commitments to achieve their net zero carbon pledges or emissions reductions targets, according to a...

CPD releases new materials on directors’ duties, climate risk and net zero

Today, the Centre for Policy Development has released a range of new materials relating to directors’ duties and climate change that have emerged from a special roundtable convened by CPD in December 2020. That...

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...