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Directors urged to get advice as nature risk turns liability

James Eyers

Boards have been warned to consider the toll on the natural environment from the way they do business as part of directors’ duties under the Corporations Act.

In a groundbreaking legal opinion to be released on Thursday, two lawyers found directors should, at a minimum, be identifying nature-related dependencies and considering potential risks these pose.

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James Eyers writes on banking, finance, payments, regulation and emerging technologies. Based in Sydney, he is a former legal and investment banking editor at the AFR and has been a business journalist for more than 20 years. Email James at jeyers@afr.com.au

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    Original URL: https://www.afr.com/companies/financial-services/directors-urged-to-get-advice-as-nature-risk-turns-liability-20231101-p5egml