Author: Jeffrey W T Chan SC, Joseph Chun, Ernest Lim, Peter Doraisamy, Quek Wen Jiang, Gerard
Industry Group: All Industry Groups
Guidance / Tool - 2021
Company directors in Singapore could face personal liability if they fail to take action to address climate change risks, according to a new legal opinion by a team of independent legal counsel. The legal analysis finds that Singaporean directors are obliged to consider climate change impacts as part of their duties to act in the best interests of the company. Therefore, directors could be subject to litigation if they fail to respond to climate risk – particularly where those risks are material to the business.