Directors’ Duties Navigator: Climate & Nature Risk — Greece – News

Why this matters for boards

Climate change and nature loss are now material financial, legal and governance risks for companies. For directors, understanding how these risks translate into duties of care, skill and diligence is an essential element of effective board oversight.

Greece — jurisdiction-specific guidance

The Greece jurisdictional section of the Directors’ Duties Navigator sets out how directors’ duties apply under Greek company law, independently of future legislative developments. It is designed for board directors of companies registered in Greece who need clarity on what is expected of them today.

In particular, the Greece section covers:

• directors’ responsibilities to identify, assess and oversee material climate- and nature-related risks and opportunities,

• sustainability and climate-related disclosure expectations,

• potential liability and litigation risks for companies and directors, and

• the scope and limits of protection under the business judgment rule.

By integrating climate- and nature-related risks and opportunities into strategy, risk management, governance and disclosure, directors are better equipped to exercise informed judgment and fulfil their legal obligations to their companies.

Authorship and acknowledgement

The Greece jurisdictional section of the Directors’ Duties Navigator has been prepared by PotamitisVekris , the long-standing pro bono legal partner of Climate Governance Initiative Greece, ensuring rigorous and jurisdiction-specific legal analysis tailored to the Greek corporate context.