Background of the organization
Based at the University of British Columbia, the Canada Climate Law Initiative examines the legal basis for corporate directors, officers and pension fiduciaries to consider, manage, and report on climate-related financial risks and opportunities, advancing knowledge on effective climate governance practice and exploring the scope and limits of fiduciary obligation in respect of climate change.
The CCLI’s goal is to develop strategies to encourage meaningful governance action by directors and other fiduciaries in the transition to a low-carbon economy. Their focus is on working with lawyers, economists, scholars, directors, pension trustees, asset managers and other institutional investors to move Canada towards a sustainable low carbon economy. The CCLI’s strategies involve a concentrated focus on knowledge mobilization, stakeholder engagement and policy development. THe CCLI’s work is aligned with the efforts of the Expert Panel on Sustainable Finance.
Funds from the grant will support the CCLI Knowledge Mobilization and Policy Hub. Emerging from an international effort at Oxford University, this group is educating corporate boards of directors on the need to manage transition to a low-carbon economy from a responsible governance and risk-management perspective. CCLI has trained 55 climate governance experts including business leaders and investors to approach corporate boards of directors, pension trustee boards, and the boards of asset managers and financial institutions about the need for climate risk disclosure to shareholders, and the opportunities for proactive engagement in transition.