Audio By Vocalize
Company directors in Kenya, South Africa and Nigeria could face legal liability if they fail to manage nature-related risks, according to a new report. [AI]
Company directors in Kenya, South Africa and Nigeria could face legal liability for failing to manage nature-related risks, according to a report that links environmental governance to directors' duties.
The report, Directors' Duties and Nature-Related Risk in Africa, found directors must consider risks such as biodiversity loss, water scarcity and land degradation as part of their duty of care and obligation to promote the success of their companies.
The analysis by the Commonwealth Climate and Law Initiative (CCLI), FSD Africa and the African Natural Capital Alliance (ANCA) examined legal and governance frameworks in Kenya, South Africa and Nigeria.
