Climate change affects businesses significantly. Corporations are increasingly expected to consider the impacts of climate change on their business and, conversely, the impacts of their business on the global climate, which calls for adequate measures to reduce climate-related risks. Despite the widely accepted need for swift and quite drastic reductions of greenhouse gas emissions to limit global temperature rise in line with the Paris Agreement, specific and binding legal obligations for corporations mandating such reductions are scarce. Potentially filling this regulatory gap, international best practices for private sector enterprises to address climate change related issues are quickly emerging, and regulators are beginning to transpose them into binding legal frameworks. In addition, courts are increasingly called upon to review climate-related business decisions and strategies. Climate change reporting and, more recently, climate change due diligence are core aspects in this complex debate. This article explores and contextualizes these developments from a transnational perspective, with a main focus on Europe.

中文翻译：

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气候变化报告和尽职调查：企业气候责任的前沿

气候变化显着影响企业。越来越多的公司被期望考虑气候变化对其业务的影响，反过来，也考虑其业务对全球气候的影响，这需要采取适当的措施来降低与气候相关的风险。尽管人们普遍认为需要根据《巴黎协定》迅速且相当大幅度地减少温室气体排放以限制全球气温上升，但强制要求此类减排的公司的具体且具有约束力的法律义务却很少。私营部门企业解决气候变化相关问题的国际最佳实践有可能填补这一监管空白，监管机构正开始将其转化为具有约束力的法律框架。此外，法院越来越多地被要求审查与气候相关的商业决策和战略。气候变化报告以及最近的气候变化尽职调查是这场复杂辩论的核心方面。本文从跨国角度探讨这些发展并将其置于背景中，主要关注欧洲。