Beyond Climate Risk: Integrating Sustainability into the Duties of the Corporate Board

Beate Sjåfjell

Abstract


Finding out how business can be a part of the shift to sustainability has never been more crucial. This article starts out by presenting the results of a multi-jurisdictional comparative analysis of corporate law, seeking to investigate the barriers, to and possibilities for, sustainable business in the dominant business form — the corporation. The social norm of shareholder primacy is identified as a major barrier to sustainability. Shareholder primacy has taken over the space that corporate law leaves open for the discretion of the individual corporate board.


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DOI: https://doi.org/10.21153/dlr2018vol23no0art805

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