Peter A Allard School of Law

Directors' Duties Regarding Climate Change in Japan - Report Launch (w/ Dr. Janis Sarra)

CBL_Report Poster feb17

 

About the Report

Japan’s primary prudential regulator, the Bank of Japan, has acknowledged that climate change poses a systemic risk to the Japanese economy and financial system. There is now overwhelming scientific and financial evidence of the material impacts of climate change on businesses. Since climate change has been recognized by governments, courts, and investors as a material issue affecting the sustainability of almost all companies, corporate directors need to recognize their obligation to address climate-related risks and opportunities.

Directors in Japan have three primary duties, a duty of loyalty, a duty to be in compliance with all laws, regulations, and ordinances, and the company articles, and a duty of care. Directors’ duties are set out in the Companies Act of Japan, the articles of incorporation, and the Civil Code. The obligation of directors to consider the implications of climate change risk is grounded in the duties each director owes to the corporation they serve. In their oversight of management of climate risks, directors must meet the objective standard of what a reasonably prudent person would do in comparable circumstances.

The report will be released in English and Japanese

This event is eligible for 1 CPD credit

Download the Directors' Duties Regarding Climate Change in Japan

Co-hosted by Canada Climate Law Initiative, Centre for Business Law, Commonwealth Climate and Law Initiative, Applied Social System Institute of Asia, Client Earth and Japan Climate Leaders' Partnership

Click here to view poster

Register for the Report Launch

 

Authors

CBL_Yamada

Dr Yoshihiro Yamada
Vice Dean of College of Law, Ritsumeikan University

CBL_Sarra

Dr Janis Sarra
Professor of Law, University of British Columbia

CBL__MN

Dr Masafumi Nakahigashi
Vice President, Nagoya University

Panelists

CBL_Ikeda

Satoshi Ikeda
Chief Sustainable Finance Officer, Financial Services Agency of Japan

CBL_Hasegawa

Masami Hasegawa
Director, Environment & Energy Bureau KEIDANREN


  • Centre for Business Law
  • General Audience
  • Continuing Professional Development
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