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Directors’ Duties and Climate Risks


When CPD set out on this work in early 2016, we began with the premise that performance and leadership on sustainability-related risks in the Australian corporate sector were lagging – but that the time was ripe for business leaders and regulators to make a more constructive, forward-looking contribution on long-term sustainability challenges. The centrepiece of this work was a ground-breaking legal opinion on directors’ duties and climate risk commissioned by CPD in partnership with the Future Business Council. The opinion found that company directors who ignore or mismanage climate-related risks could be held personally liable for breaching their legal duties under the Corporations Act. This analysis, as well as crucial developments like APRA’s recent statement on the importance of climate risks, has ensured that the financial implications of climate change are firmly on the agenda.

We are continuing are contribution with ongoing research in on two issues on how the findings on directors’ duties apply to decision makers in government bodies and public authorities, and on how businesses and investors can respond to growing demand for sophisticated, scenario-based analysis of their climate-related risks and opportunities.

Latest Articles


Public Forum: Building a Sustainable Economy | EVENT | 29 November 2017 | Sydney

Luisa Boll - November 2017

RSVP for free here.   When   29 November 2017 Wednesday Start 5:30pm – End 7:30pm Where Level 40 Governor Macquarie Tower, 1 Farrer Place, Sydney NSW 2000 MinterEllison RSVP for...

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Directors’ Duties & Climate Risks Business Panel in Sydney | EVENT | June 2017

communications - June 2017

On June 8, CPD and EY convened an expert panel to discuss the role company directors need to play in response to climate-related risks to their business, and what this...

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Invitation to Directors’ Duties & Climate Risks Business Panel | June 8 | Sydney

communications - June 2017

If you can join, please RSVP by Tuesday 6 June here  

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Public panel on climate risk and directors’ duties

communications - February 2017

  Last Thursday in Melbourne, we co-hosted a booked-out public event on the directors’ duties work with the Future Business Council. The event featured CPD's Sam Hurley as well as Bryan...

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APRA lays down a marker on climate change risks in the financial sector

communications - February 2017

Today Australia’s prudential regulator has laid down an important marker on climate-related risks and their impact on the financial sector. This new statement from the Australian Prudential Regulatory Authority came in a speech...

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CPD’s recent work on climate change has focused on the implications of a changing climate for Australia’s national security. Our agenda-setting report The Longest Conflict (2015)

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We are currently undertaking new research to map Commonwealth and Victorian grants and programs that promote sustainable agriculture and food systems and biodiversity enhancement on private land.

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In 2016 we released a discussion paper by CPD Research Associate Alexander Marks on the future of Australia’s electricity system.

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Between 2011 and 2014 the Sustainable Economy Program completed a major research series on Australia’s marine economy, including a comprehensive assessment of the economic..

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