Concern Dialog's partner, attorney Lilit Karapetyan and junior associate Kima Davoyan authored the Directors' Duties Navigator. Climate Risk and Sustainability Disclosures publication for the Commonwealth Climate and Law Initiative.

Navigator is for board directors so they can be informed and prudent advocates, encouraging their boards to integrate the climate change risks and opportunities in the development of their companies’ corporate strategy, risk management oversight, governance and disclosure. This, alone, is the most effective thing directors can do to fulfil their obligations to their companies while steering well clear of any personal liability exposure from the potential increase of litigation.

In this Navigator, directors can dive into information on over 30 jurisdictions (including Armenia) which is relevant to their board duties and responsibilities, including:

• Government and regulatory approaches to climate change
• Sustainability and climate-related disclosure requirements
• Liability risks for companies and directors
• Practical tips for directors.

Note:

This Navigator is published by the Climate Governance Initiative and the Commonwealth Climate and Law Initiative.

The Commonwealth Climate and Law Initiative (CCLI) is a legal research and stakeholder engagement initiative founded by the University of Oxford’s Smith School of Enterprise and the Environment, ClientEarth and Accounting for Sustainability (A4S). It is a UK non-profit organisation funded by environmental philanthropy and research grants. 
The CCLI examines the legal basis for directors and trustees to consider, manage, and report on climate change and nature-related risks, opportunities and impacts, and the circumstances in which there may be liability for failing to do so. It also works to advance knowledge on effective sustainable governance practices.
The CCLI commissions legal opinions from independent experts in jurisdictions across the world to build an authoritative evidence base on the requirements of company and trust law as it relates to the climate and nature crises. 

The Climate Governance Initiative (CGI) mobilises boards of directors around the world to address climate change in their businesses. The CGI does this by developing and supporting national associations that equip their members with the skills and knowledge needed to make climate a boardroom priority, building on the World Economic Forum’s Principles for Effective Climate Governance.