A warming climate for disclosure-related litigation
Australia is the second-most active place for climate litigation after the US, which should ring alarm bells for company boards.
Will Heath, Daisy Mallett and Emma Newnham
May 24, 2021 – 12.00am
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At its annual general meeting in May, Rio Tinto’s board supported two shareholder-requisitioned climate change-related resolutions, in an Australian first. Each resolution passed with 99 per cent support.
Other major ASX-listed entities have also committed to putting their climate reporting to a non-binding vote at their 2022 AGMs.
Driving this momentum are initiatives like the Say on Climate campaign. It seeks to compel listed companies to adopt climate targets, transition plans and rolling status reporting through AGM agitation.
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Canadian companies exceed global benchmark for reporting on sustainability, but lag in other key areas December 17, 2020 EnergyNow Media
Author: KPMG Canada
A new KPMG Global report finds that reporting on sustainability is on the rise in Canada. The vast majority (
92 per cent) of Canada’s top 100 companies report on environmental, social, and governance (ESG) performance – an increase of 10 per cent in the last three years, and many (
74 per cent) include sustainability-related information in their annual reports – a jump of 25 per cent since 2017.
Yet, while Canadian companies significantly outperform the global peer benchmark on both measures, Canada is still catching up in some areas including in seeking third-party assurance on their disclosures. Currently only