What does the Paris Agreement on climate change mean for Australian business?

What you need to know

• The Paris Agreement came into force on 4 November and was ratified by the Turnbull Government just under one week later, on 10 November 2016.
• While many might think the Paris Agreement appears on its face to be fairly innocuous, as it does not fully bind its signatories, it is likely to have a significant impact on how countries and the private sector respond to climate change.
• For Australian businesses, there is an increasing focus on the relevance of climate change risks to a director's duty of care and diligence, and therefore the need for directors to get informed and understand how to respond to those risks.