Firms have legal duty to consider nature-related risks
Law firm warns of legal consequences if firms do not take nature-related risks seriously
Litigation
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Crowdfunding climate litigation ‘a real watch item for investors’
Expect to also see a move to more targeted biodiversity litigation
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Climate court cases doubling puts investors at risk
UNEP report finds ‘courts are beginning to assess the responsibility of financial institutions for the climate dimensions of their investments’
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ClientEarth climate case against Shell thrown out again
Lawyers say decision ‘will not sound the death knell for shareholder ESG activism’
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Seismic increase in climate litigation
High-polluting companies are clear targets, but their shareholders – the asset managers – could be next
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Investors not factoring in plastics risks
Planet Tracker finds perception of risk in the sector at lowest point since 2011
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ESG Clarity June 2023 digital magazine
The latest issue takes a deep dive into asset manager engagement
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Update: ClientEarth granted hearing in climate case against Shell directors
Judge has ruled case will not proceed as it ‘imposes specific obligations on directors’ for how to manage climate risk
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Responsible shareholders using litigation against poor governance
If shares lose value due to negligent or illegal behaviour investors are entitled to seek redress
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ClientEarth: FCA approval of Ithaca Energy ‘unlawful’ for inadequate climate disclosure
Lawyers file a claim against the UK regulator for its approval of the oil and gas company’s prospectus
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Investors back climate lawsuit against Shell’s board
ClientEarth says its claim is ‘in the interest of shareholders’
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Lawyers warn ESG lawsuits a growing concern
Class actions are increasingly a concern, and a lack of ESG standards is partially to blame