United States Company Law as It Impacts Corporate Environmental Behaviour, with Emphasis on Climate Change

231 Pages Posted: 2 Sep 2016 Last revised: 7 Oct 2016

See all articles by Celia Taylor

Celia Taylor

University of Denver Sturm College of Law

Date Written: 2015

Abstract

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

Taylor, Celia, United States Company Law as It Impacts Corporate Environmental Behaviour, with Emphasis on Climate Change (2015). ICCLJ, Volume 11, year 2015, Issue 3; University of Oslo Faculty of Law Research Paper No. 2016-17; U Denver Legal Studies Research Paper No. 16-34. Available at SSRN: https://ssrn.com/abstract=2833286

Celia Taylor (Contact Author)

University of Denver Sturm College of Law ( email )

2255 E. Evans Avenue
Denver, CO 80208
United States

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