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Climate risk

Navigating Environmental, Social and Governance issues

Climate change litigation is becoming increasingly prevalent and has the potential to substantially disrupt business activities or operations, with subsequent cost implications. Accordingly, it is not surprising that businesses are stepping up their efforts to understand, assess and minimize their exposure to risks associated with climate change-related legal action.

Key risks to business associated with climate change litigation, among others, include exposure to damages claims, financial and reputational cost of defending litigation, disruption to operations and enforcement of financial disclosure requirements. To date, the majority of climate change litigation has occurred in the US, followed by Australia, the UK, the EU, New Zealand, Canada and Spain.

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