A Dose of Sunlight Therapy: Using Corporate and Securities Laws to Treat Climate Change

Indian Yearbook of International Law & Policy, p. 112, 2009

18 Pages Posted: 19 Mar 2010 Last revised: 9 May 2013

See all articles by Umakanth Varottil

Umakanth Varottil

National University of Singapore (NUS) - Faculty of Law

Date Written: March 14, 2010

Abstract

The corporate sector plays a crucial role in combating climate change. Hence, the disclosure of information by companies regarding risks and opportunities that climate change presents for them is important for investors, governments and non-governmental entities. This Note examines the role of corporate and securities laws in forcing climate change disclosures by companies. After examining the international trends on disclosure requirements, it analyzes the applicable laws and regulations in India as well as trends in practice. It finds the need for greater mandatory disclosure by companies on climate change. It also suggests modifications to corporate governance norms and practices to alter managerial behavior that motivates corporate actors to carry out business operations with a long-term perspective for sustainable development.

Keywords: climate change, corporate and securities laws, disclosure, India

JEL Classification: K22, K32

Suggested Citation

Varottil, Umakanth, A Dose of Sunlight Therapy: Using Corporate and Securities Laws to Treat Climate Change (March 14, 2010). Indian Yearbook of International Law & Policy, p. 112, 2009. Available at SSRN: https://ssrn.com/abstract=1570346

Umakanth Varottil (Contact Author)

National University of Singapore (NUS) - Faculty of Law ( email )

469G Bukit Timah Road
Eu Tong Sen Building
Singapore, 259776
Singapore

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