Climate litigation threatens to push up companies’ insurance costs
Climate-related legal action threatens to push corporate insurance costs even higher, with the industry warning that success for activists would force a repricing of cover that has already become much more expensive in recent years.
Businesses face growing legal threats from activists looking to challenge sustainability claims deemed disingenuous or untrue, and decarbonisation targets considered too weak to protect shareholders from future climate-related losses.
In one closely watched battle, environmental charity ClientEarth is preparing legal proceedings against Shell’s executive and non-executive directors for their alleged failure to set out a road map for cutting emissions at an appropriate pace.
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This story originally appeared on: Financial Times - Author:Camilla Hodgson
