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ARTICLE · 16 SEPTEMBER 2024

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Climate Change Litigation's Impact On Companies

Sengun & Partners
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Climate change is a phenomenon with globally significant economic and social implications. Climate change-related litigation poses a serious threat to companies.

TurkeyEnvironment
Öykü Güldürmez
Öykü Güldürmez

Climate change is a phenomenon with globally significant economic and social implications. Climate change-related litigation poses a serious threat to companies. These cases can affect companies' reputations, operations and long-term strategies in addition to their significant financial burden. This article will address the impact of climate change litigation on companies.

The Negative Impact of Climate Litigation on Companies

  1. Financial Costs:
    • Compensation and Penalties: As a result of climate change-related litigation, companies may incur significant compensation and penalties, which could decrease their profit and threaten their financial stability.
    • High Legal Costs: Lengthy and complex legal proceedings can result in significant legal costs for companies. These costs can be a serious burden, especially for small and medium-sized enterprises.

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