A Brief Legal Opinion: Minimum Benchmarks for Reporting of Companies on (Climate) Risks under European Law

The European Union has set clear standards for company reporting since the 1970s for the benefit of shareholders and investors alike. The aim of this study is to analyse the complex obligations that exist to report on climate change and oil price risks, in particular for automobile companies. Given that the listed European companies are concentrated in Germany, Italy and France, the analysis focuses on European Community (EC) law and the domestic law in those Member States.