Corporate Governance and Sustainability (ESG)

About

Climate change threatens our world (economy)! Environmental, Social and Governance (ESG) aspects of business play an increasingly dominant role on the agenda of boards all over the world. European large corporations have to give ESG issues top priority because of the adoption of the Corporate Sustaining Reporting Directive (CSRD) and the Corporate Sustainability Due Diligence Directive (CSDDD). Recent case law (Milieudefensie v. Shell) shows that courts are receptive to private enforcement of ESG matters.

On 5 January 2023, the Corporate Sustainability Reporting Directive (CSRD) of the European Union entered into force. This new Directive modernizes and strengthens the rules concerning the social and environmental information that large and listed (also small and medium sized enterprises) corporations have to report. Will these new rules together with the European Sustainability Reporting Standards (ESRS) ensure that investors and stakeholders have access to the information they need to assess the impact of corporations on people and the environment?

On 25 July 2024 the Corporate Sustainability Due Diligence Directive (CSDDD) entered into force. The aim of this Directive is to foster sustainable and responsible corporate behaviour and to anchor human rights and environmental consideration in the operations of corporations and corporate governance. Will these rules ensure that corporations address adverse impacts of their actions, including in their value chains inside and outside Europe?

The Court of Appeal of The Hague ruled on 12 november 2024 in the Dutch climate case between Friends of the Earth Netherlands (Milieudefensie) v. Shell Plc (Shell). The Court of Appeal confirmed that Shell Plc has a duty of care to reduce its greenhouse gas emissions to combat dangerous climate change. However, other than the District Court in first instance, the Court of Appeal partially ruled that the court cannot impose Shell to reduce its greenhouse gas emissions with specific percentages.

Which effect will these new rules and case law have on the way corporations are governed and controlled?

These and other questions will be dealt with in the course 'Corporate Governance and Sustainability (ESG)', from both economic and legal perspectives.

Course leader

Prof. dr. Wilco J. Oostwouder

Target group

Bachelor and Master students with an interest in Law & Economics. Ph.D. students and young professionals are also welcome to apply.

Course aim

To equip students and young professionals with an insight into the background and development of key issues in Corporate Governance. The assignment will stimulate participants to apply this knowledge to one of the big scandals whilst also practicing academic writing skills. This course is also an excellent introduction to the course Public Law & Economics and the Caput Corporate Governance of the Master Law & Economics of Utrecht University.

Fee info