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Nature Positive Business: Identifying and Managing Nature-related Risk
What area(s) of law does this episode consider? | Legal opinion on nature-related risk. |
Why is this topic relevant? | Section 180 of the Corporations Act is a mainstay of Australian corporate law. It provides for the requirement that directors and officers exercise their powers and discharge their duties with care and diligence. The section – and those words – capture a wealth of meaning, and today we’re covering a new and developing part of it. In October 2023, Sebastian Hartford-Davis and Zoe Bush – instructed by Pollination Law – issued a joint memorandum of opinion on the topic of nature-related risks and directors’ duties. The opinion discusses the extent to which the duty of care and diligence permits or requires consideration, disclosure, and management of nature-related risks arising from dependencies and impacts on nature. |
What legislation is considered in this episode? | Corporations Act 2001 (Cth), s 180 |
What are the main points? |
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What are the practical takeaways? |
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Show notes | Taskforce on Nature Related Financial Disclosures (TNFD) Taskforce on Climate Related Financial Disclosures (TCFD) Sebastian Hartford-Davis and Zoe Bush, Joint Memorandum of Opinion on Nature-related risks and directors’ duties, 2023 |
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