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