Conclusion
41
CONTRIBUTORS
Paul Lowrie Partner, London T +44 (0) 20 7876 4435 E paul.lowrie@clydeco.com David Ktshozyan Partner, Los Angeles T +1 213 358 7623 E david.ktshozyan@clydeco.us Richard Power Partner, London T +44 (0) 20 7876 4827 E richard.power@clydeco.com Jane O’Reilly Associate, London T +44 (0) 20 7876 5468 E jane.oreilly@clydeco.com Dr. Henning Schaloske Partner, Dusseldorf T +49 (0) 211 8822 8801 E henning.schaloske@clydeco.com Mary Anne Roff Partner, Newcastle T +44 (0) 191 249 5400 E maryanne.roff@clydeco.com Vikram Sidhu Partner, NewYork T +1 212 702 6773 E vikram.sidhu@clydeco.us Jacinta Studdert Partner, Sydney T +61 2 9210 4930 E jacinta.studdert@clydeco.com Lucia Williams Associate, London T +44 (0) 20 7876 5539 E lucia.williams@clydeco.com
Emma Ager Partner, London T +44 (0) 20 7876 4491 E emma.ager@clydeco.com Neil Beresford Partner, London T +44 (0) 20 7876 4495 E neil.beresford@clydeco.com Nigel Brook Partner, London T +44 (0) 20 7876 4414 E nigel.brook@clydeco.com Laura Cooke Partner, London T +44 (0) 20 7876 6387 E laura.cooke@clydeco.com James Cooper Partner, London T +44 (0) 20 7876 6388 E james.cooper@clydeco.com Richard Elks Partner, London T +44 (0) 207 876 5514 E richard.elks@clydeco.com Liz Jenkins Partner, London T +44 (0) 20 7876 4248 E liz.jenkins@clydeco.com James Koelzer Partner, Los Angeles T +1 213 358 7620 E james.koelzer@clydeco.us Simon Konsta Partner, London T +44 (0) 20 7876 6579 E simon.konsta@clydeco.com
CONCLUSION
At Clyde & Co we decided several years ago that we wanted to lead the way in helping clients build resilience to climate risks. Climate change and the transition represent a global challenge, and our expertise across multiple jurisdictions worldwide, spanning our core industry sectors and beyond allows us to advise clients across the growing spectrum of issues they face. We are committed to helping organisations understand and face up to these thorny challenges in a range of ways that go beyond expert legal advice for clients. We host interactive events to assist with scenario planning, take clients through a three-staged approach to support them with TCFD, guide clients through various regulatory requirements, help clients update contracts with climate- conscious clauses and have recently launched an HR “Eco” Audit tool. Today, climate risk is not an issue any business can afford to ignore, and the commercial as well as ethical incentives are powerful. Those that take the lead stand to gain. For more information about how Clyde & Co can help your business stay ahead of the game, visit clydeco.com.
Against the backdrop of preparations for COP26 in 2021, many factors are converging at once which could spark real change. A wholesale transformation of large parts of the global economy is now on the horizon while consumer attitudes and expectations are evolving rapidly. So-called “soft” compliance pressures from shareholders, customers, employees and the media to do better and “hard” compliance pressures from laws, regulators and rising litigation are both set to increase. All this could create winners and losers in terms of business success in both the near and long term. A proactive, rather than a reactive approach is sensible, usinggoodgovernance techniques to drive the climate agenda at all levels and turn it into appropriate action. After all, taking the wrong decisions could have just as serious consequences as doing nothing at all. Organisations will be looking to legal advisers for guidance on how to identify, measure and manage the physical, transition and liability risks stemming from climate change, meet their disclosure requirements and to find creative solutions to climate issues that could ultimately benefit their business.
ACKNOWLEDGMENT Thanks to Clyde & Co trainees Catriona Campbell, Iris Kyriazi, Harry Little, Zaneta Sedilekova, and Emma Turton for their assistance in the development and drafting of this paper.
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