We connect the dots between climate change, financial consequence and legal risk.
Climate risk is an issue facing all businesses – no matter the location, sector or product. It has evolved from a purely 'ethical' 'environmental' issue to have mainstream recognition as a material financial risk across physical, economic transition and litigation dimensions. For both corporate and public sector entities, regulatory and investor expectations on climate risk assessment and disclosure are accelerating, posing both risks and opportunities that need understanding, assessment and appropriate action. Increasingly, a strategic, rather than compliance-focused, approach to climate risk governance translates to commercial advantage in dealings with customers and investors.
Since the Paris Agreement was signed in 2015, governments and corporates have accelerated their journey to reduce their carbon footprint. As regulatory bodies, investors and private companies globally respond, the momentum towards achieving ‘net zero emissions’ in the global economy before 2050 is building.
We put climate risk governance in a context that looks at the risks from a financial lens, and a liability lens. Our approach combines commercial law acumen with deep cross-disciplinary expertise across economics, finance, risk management, science and audit, bringing an unrivalled strategic approach to this dynamic issue. Clients benefit from an over-the-horizon perspective that have placed us at the international forefront in advising on climate risk governance for the past decade.
Offering an independent view and global insights, we can help assess your physical, economic and litigation/liability risks and implement an overarching climate risk governance strategy. Our experts interpret the legal consequences of commercial risks, communicate them in plain language, and translate insights into actionable frameworks.
Post-Royal Commission, in a COVID-19 world, the financial services sector is facing unique challenges and opportunities. Explores what that means for banking, superannuation and insurance in our report