United States Company Law as It Impacts Corporate Environmental Behaviour, with Emphasis on Climate Change
ICCLJ, Volume 11, year 2015, Issue 3
231 Pages Posted: 2 Sep 2016 Last revised: 7 Oct 2016
Date Written: 2015
In June 2015, a new Companies Act took effect in Ireland. This introduced significant reforms to the pre-existing principal Act which dated back to 1963, a time when the phrase "global warming" had not yet been coined. Since then there has been official recognition of the fact that the national climate is warming up. Despite these changing legal and physical environments, the article explores how corporate regulation offers little in the way of requirements or incentives for companies to act in an environmentally responsible manner. A newly codified list of directors' duties does not embrace the Climate Change Agenda, or indeed the Corporate Social Responsibility debate, in any real way. This matter is largely left to designated environmental legislation under Irish Law. One exception to this perhaps is the increase following the Global Financial Crisis in regulation in the area of risk management which must of course include environmental risk.
Suggested Citation: Suggested Citation