Climate risk

 

Climate risks are financial risks. The Paris Climate Agreement means ‘business as usual’ is no longer an option.

Barristers’ advice puts directors on notice for not considering the risks. Australian regulators have confirmed climate change is a financial risk, putting banks and super funds on notice. Government officials must act with care and diligence. These are the new realities for investors and financiers.

EJA is the only legal practice in the world to have filed court proceedings against a bank over climate risk disclosure. In August 2017 we lodged the case in the Federal Court of Australia against the largest public company in Australia, the Commonwealth Bank. The case was brought by long-term shareholders who alleged the bank failed to adequately disclose climate related risks in its annual report.

NT’s deal with gas company to cost consumers $2.7 billion and enable fracking

December 10, 2018

World first legal action to test trustee duties on climate risks filed against A$50 billion fund

October 3, 2018

A 23-year-old is taking a $50bn super fund to court over climate change

July 25, 2018

Double standards on climate risks – Government protects big investors but not taxpayers

July 23, 2018

EJA files complaint with Ombudsman about EFIC

July 6, 2018

EFIC fail: support for Adani opens legal and political risks

June 8, 2018

Fracking the Northern Territory

May 25, 2018

Onslow Beach by Stu Rapley

NAIF: Any port in a storm

February 1, 2018

NAIF prepared to do risky business

September 4, 2017