The Commonwealth Climate and Law Initiative (CCLI) has commissioned a legal opinion by Mr. Alex Stock, SC, and Ms. Jennifer Fan from Temple Chambers in Hong Kong regarding directors’ duties and disclosure obligations in respect of climate change and climate change-related issues under Hong Kong law.
The legal opinion will be discussed at a virtual event co-hosted by the CCLI and the Asian Institute of International Financial Law (AIIFL), University of Hong Kong. An accompanying white paper, expanding and complementing the legal analysis will be discussed at the event and published on the same date. This free online webinar will take place from 3PM to 4PM HKT on Friday the 10th of December.
The new legal analysis finds that since Hong Kong law requires directors to act in good faith in the best interests of their company and to exercise reasonable care, skill and diligence in doing so, directors are legally both entitled and obliged to take into account risks and considerations arising from the effects of climate change.
This event will amplify the key roles and responsibilities of Hong Kong directors to navigate their companies through the disruptions of climate change and the global net zero transition, and in doing so, assist Hong Kong in tackling these complex challenges.
Participants include Professor Ernest Lim (Faculty of Law, National University of Singapore and AIIFL academic advisory board member), Christine Lau (Assistant Vice President, Hong Kong Exchanges and Clearing Limited (HKEX)), Sarah Barker (Head of Climate Risk Governance at MinterEllison), Alex Bidlake (Corporate Partner, Linklaters) and Dr. Emily Lee (Director of AIIFL and Associate Professor of Law at the University of Hong Kong).