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.
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.
PPLE College. Location: REC-C0.01, Nieuwe Achtergracht 166. Time: 13.00
More information: www.climateobligationsforenterprises.org
The programme will be as follows: