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A team of independent legal counsel issued a legal opinion (the Opinion) on 14 April on Directors’ Responsibilities and Climate Change under Singapore law, concluding that directors of corporations in Singapore are obliged to consider climate change risks as part of their duties to act in the best interests of the company. This LawFlash summarizes the key issues in the Opinion.
SINGAPORE LEGAL OPINION
As background, the Commonwealth Climate and Law Institute, a research, education, and outreach project focused on Commonwealth countries, has requested for the Opinion.
Singapore, as a small and relatively flat tropical island-state dependent on international trade, is not immune from the consequences of climate change such as rising sea levels and disruption to international trade.
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