Abrahams v. Commonwealth Bank of Australia
Shareholders sued the Commonwealth Bank of Australia alleging that it violated the Corporations Act of 2001 by issuing its 2016 annual report without disclosing climate change-related business risks. Before the court could weigh in, the shareholders withdrew the suit after the bank issued a 2017 report acknowledging those risks.
- Global Climate Litigation Report: 2020 Status Review. United Nations Environmental Programme and Sabin Center for Climate Change Law.