Carbon News - Intelligence for the carbon market

Shareholder action 'sign of things to come'

Wednesday 9 Aug 17 9:00am

SHAREHOLDER†moves to sue an Australian bank for failing to adequately disclose its financial exposure to climate change are a sign of things to come, a lawyer says.

Two shareholders are seeking an interim injunction stopping the Commonwealth Bank (which owns New Zealandís ASB Bank) from repeating the mistake.

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