The impact of climate change on the environment is now widely recognised, but there may also be an impact on businesses facing financial difficulties either as a result of climate change itself or due to the impact of transitioning to a cleaner world.
A total of 196 countries are seeking to implement the aims of the 2015 Paris Agreement on Climate Change which set global goals to reduce carbon emissions. The UK, which is one of the signatories, has set a target of net zero greenhouse gases by 2050.
The United Nations (UN) has also adopted 17 sustainability and development goals which include targeting climate change and its impact. As a result, businesses can expect to see increased regulation and disclosure in this area and may need to…
Read the full article at: https://www.pinsentmasons.com/out-law/analysis/restructuring-can-be-useful-tool-amid-climate-challenges