This is the official website for the Principles on Climate Obligations of Enterprises (Climate Principles for Enterprises). Here, you can find the texts of the principles and their extensive commentary, which expands on how the principles should be interpreted and explains their legal substantiation; a list of publications about the Climate Principles for Enterprises; information about the members of the Expert Group on Climate Obligations of Enterprises; a list of endorsers of the principles; and news about the principles and any upcoming events.
Latest developments around the Principles:
- Article about strategies to keep global warming below 2 degrees and avoid devastating liability prepared for the PRI in Person Conference 2018. See Resources for more information.
- September 14, 2018: Session at the PRI in Person 2018 conference, where Jaap Spier (Reporter & author of the commentary) will speak. Other speakers are Associate Justice Michael D. Wilson (Hawaii Supreme Court) and Sarah Barker (Special Counsel, Minter Ellison Lawyers). The session will be chaired by Nathan Fabian, Director of Policy & Research, PRI. See News & Events for more information.
- November 8, 2018: Presentation at the ‘Climate Change, Responsibility and Liability’ conference organised by the University of Graz by Jaap Spier. See News & Events for more information.
What people say about the Principles:
“The Climate Principles for Enterprises are a valuable initiative which can help in achieving the Paris Agreement’s objectives and ultimately tackling climate change. I sincerely hope that this project will enjoy broad support.”
Laurent Fabius, President of the Constitutional Council of France, Former Prime-Minister of France, Former Minister of Foreign Affairs and International Development of France during COP-21
“Climate change may be the greatest challenge that currently faces mankind. If it is to be solved it requires collective action. That creates a problem, because if collective action is to be successful, each individual needs to understand what his or her contribution is to be. And if that contribution is to be made, it needs to be, and to be seen to be fair amongst all participants. Scientists agree that we need to keep the temperature rise to two degrees. But what does that mean for way we run those enterprises that are the engine of the global economy? If we leave it for every company to invent their own rules, it will take enormous effort, and it is unlikely that all will agree that each has contributed their fair share. That is why this document is of such importance. Here in less than 3,000 words, some of the world’s most eminent lawyers have laid out a simple set of rules.”
David Pitt-Watson, Former Chair UN Environment Program Finance Initiative
“The Climate Principles for Enterprises provide a very explicit and easy to follow mandate for corporates to incorporate the imperatives of reducing carbon emissions into their planning, management and reporting. The simplicity of the document serves only to highlight the sophistication of its drafting and the power of its message.”
Ashok Khosla, Chairman, Development Alternatives; Past Chairman, UN’s International Resource Panel; Past President, IUCN and the Club of Rome
The Climate Principles for Enterprises “provide a solid framework for identifying the obligations of all businesses to reduce their greenhouse emissions in line with national targets that are sufficient to meet the two degree goal. Businesses that reduce their total emissions in line with these principles are likely to avoid the risk of future litigation and liability for contributing to the loss and damage from climate change.”
James Thornton, CEO of Client Earth
“The Principles on Climate Obligations of Enterprises are impressive, well-conceived, and well-constructed. I am glad to endorse them.”
Parvez Hassan, Senior Advocate of the Supreme Court of Pakistan; President of the Pakistan Environmental Law Association; former Chairman, IUCN World Commission on Environmental Law