Corporate Social Responsibility: Using Climate Change to Illustrate the Intersection between Corporate Law and Environmental Law

Environmental and Planning Law Journal, August 2007

39 Pages Posted: 23 Jul 2007  

Karen Bubna-Litic

University of Technology, Sydney

Abstract

In 2006, an Australian Parliamentary inquiry and an inquiry from the Corporations and Markets Advisory Committee both investigated whether corporate law in Australia needed to be changed in order to encourage socially and environmentally responsible business practices and whether the scope of director's duties should be widened to take into account the interests of stakeholders and the wider community. The results of these enquiries - a "business as usual" approach, highlights the gap between the traditional corporate law view of short term shareholders' interests and the longer term view posited by environmental law. This paper argues that in order to achieve better corporate responsibility, there needs to be a focus on the intersections rather than the gaps between these two disciplines of law. Drawing on various sources, such as the author's earlier research on Norwegian companies and the opportunities and risks associated with climate change, the paper discusses some of these intersections and suggests the incentives that may help to move companies towards more positive environmental outcomes.

Keywords: climate change, environment, law, corporate, corporate governance, director's duties, corporate social responsibility, CSR

JEL Classification: G38, K22, K32, N77, Q28, Q48

Suggested Citation

Bubna-Litic, Karen, Corporate Social Responsibility: Using Climate Change to Illustrate the Intersection between Corporate Law and Environmental Law. Environmental and Planning Law Journal, August 2007. Available at SSRN: https://ssrn.com/abstract=1002252

Karen Bubna-Litic (Contact Author)

University of Technology, Sydney ( email )

15 Broadway, Ultimo
PO Box 123
Sydney, NSW 2007
Australia

Paper statistics

Downloads
735
Rank
26,384
Abstract Views
3,524