Chapman Tripp were asked to come up with a legal opinion:
“To what extent (if at all) are New Zealand company directors and managed scheme providers permitted or required to take account of climate change considerations in their decision-making?”
Their Conclusion included this:
“We conclude that directors and scheme managers must assess and manage climate risk as they would any other financial risk. This conclusion is not controversial, but reflects the application of settled principles to a rapidly-developing area. Nonetheless, our opinion is important in grounding the analysis within New Zealand’s legal and regulatory environment.”
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