A Toolkit for Directors
This series of legal opinions were commissioned in collaboration with Chapman Tripp to clarify the present legal obligations of New Zealand Directors, Trustees and Chief Executives to understand the latest practical approaches to director, fund manager, and trustee responsibilities regarding the management of climate risk, specifically:
“To what extent (if at all) are New Zealand company directors and managed scheme providers permitted or required to take account of climate change considerations in their decision-making?
We are witnessing a step-change in climate-related business risk. Climate change is no longer a mere environmental concern: for many, it presents a material financial risk. New Zealand’s business community is taking notice. Climate change issues facing businesses today include uncertainty over stranded or compromised assets, threatened natural resources, regulatory changes, insurance concerns, interruptions to supply chains, coastal property devaluation and rapidly evolving consumer demands.