Legal Update: Directors and Climate-related Risk

Mauritius and climate change In 2015, 196 countries, including Mauritius, adopted the Paris Agreement, which aims to substantially reduce global GHG emissions in order to limit the global temperature increase to 2℃ above pre-industrial levels, while pursuing the means to limit the increase to 1.5℃ and to strengthen resilience to the impacts of climate change. Mauritius has adopted the Climate Change Act 2020.

Addressing the climate-related impact is not only the job of governments. We are all impacted by the climate change risk – Mauritius is a small island witnessing a change in its ecosystem – a rise in construction coupled with a rise in the destruction of our sugar cane fields and biodiversity. We all have a moral individual duty to ensure compliance with the Paris Agreement to reach the net zero (state in which the activities of an organisation result in no net impact on climate from GHG emissions) challenge. But is there a legal duty? And on whom that duty lies?