Why founders need to think about climate risk

This week we chat about climate risks. We are joined by Kiera Peacock, commercial litigation partner at Marque Lawyers who is our resident expert on all things climate change.

The backdrop to our discussion is:

• The "Green Recovery" where nations around the world have directed Covid 19 stimulus towards clean, rather than polluting, options. While the March 2021 UN Environment Programme report found that 18% of total recovery spending around the world has gone towards green initiatives, unfortunately in Australia, the figure is 2% and of the major economies, Australia was the worst. 
• President Biden’s Climate Summit, held to coincide with Earth Day, where the US increased its pledge to cut carbon emissions by 2030 but Australia stuck to its Abbott-era 2030 emissions pledge.
• The announcement of Australia's federal budget last week which contained little funding for renewables and climate change action.

We ask Kiera to explain:

• What are the climate agreements around the world? 
• What does net zero emissions mean? 
• What is Australia's legal approach to climate change? 
• What is the Australian government doing? 
• What are businesses doing? 
• Why should companies start thinking about climate risks? 
• What are the biggest risk for companies who don't think about climate risks?
• How do you build in good governance practices that include climate considerations.

Got questions? We have you covered:

Shoot us an email: gisellef@marquelawyers.com.au and felicial@marquelawyers.com.au
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