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A group headed by Jaap Spier (PPLE) has mapped out the legal obligations of companies and investors with regard to climate change, and its Climate Principles for Enterprises will be presented on 18 January 2018.

On 18 January 2018, an international group of legal experts will launch its Principles on Climate Obligations of Enterprises (EP), a follow-up to the Oslo principles (March 2015) which focused mainly on identifying the legal obligations of states to reduce their greenhouse gas emissions in order to combat climate change. The EP deals with the legal obligations of companies and investors in this area.

Obligations

The EP lists four types of obligation: reduction of greenhouse gas emissions by companies, reduction of greenhouse gas emissions from products or services of companies, and procedural obligations (disclosure of the impact of climate change on the company and impact assessment of new, or expansion of existing, buildings or factories).

Consideration is also given to the question of how investors should include compliance with these obligations in their investment strategies. The retention of or acquisition of new investments in companies or governments that do not comply with their legal obligations vis-à-vis climate change will need to be justified.

The core obligation for enterprises is to reduce greenhouse gas emissions from their activities to the same extent as the country or countries in which they operate. This means that the burden is borne mainly by companies in wealthier countries.

International meeting

PPLE College. Location: REC-C0.01, Nieuwe Achtergracht 166. Time: 13.00

More information: www.climateobligationsforenterprises.org

Programme

The programme will be as follows:

  • Opening 13.00.
  • Geert Corstens (former President of the Supreme Court of The Netherlands): The Role of Courts.
  • Mark Campanale (founder and CEO of Carbon Tracker): The Carbon Budget and the Enterprises Principles.
  • Nathan Fabian (director policy and research UNPRI): The Principles, perceived from the PRI perspective.
  • Presentation of the Principles: 
  1. Introduction: Jaap Spier and Daniel Witte.
  2. The reduction obligations and related principles: Philip Sutherland.
  3. Obligations re products and services, disclosures and impact assessments: Brian Preston.
  4. The obligations of financiers and investors: Jaap Spier.
  • Coffee break.
  • Presentation of the “first” copy of the book to Geert Corstens, Nathan Fabian, Mark Campanale, Luc Lavrijsen (Belgian Constitutional Court) and Jan Ernst de Groot (board member of AholdDelhaize).
  • Discussion 15.30 - 17.00.
  • Reception.