Experts warn of trustees' climate change litigation riskBY RACHEL ALEMBAKIS | FRIDAY, 12 JUN 2015 5:17PMLegal and investment experts have been advising superannuation fund trustees that they have an obligation to include evaluation of climate change risk in their overall governance and investment processes. But there may be new urgency to the calls, influenced by the possibility of a global agreement to cap global warming and cut global emissions at the UN Climate Change Conference in Paris in December, and also because activists are threatening legal challenges to those trustees that are perceived as having not performed their fiduciary duties regarding climate change. Related News |
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