nam 22 uu 4500 10.59704/9f9a3882e85091a8 DE-Verfassungsblog cr||||| 240201s2024||||xx#|||||o|||| ||| 0|eng|| 10.59704/9f9a3882e85091a8 doi eng 342 23 Simanovski, Simon Author aut Milieudefensie v ING: Climate Breakdown and Banks’ Duty of Care Simanovski, Simon Verfassungsblog 2024-02-01 Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier There is a trend towards climate lawsuits against companies based on their alleged duty of care not to emit more than a certain amount of greenhouse gases (GHGs). Currently, there are four such cases before courts in Germany, all of which have been unsuccessful so far. On 19 January 2024, Milieudefensie, a Dutch environmental group, initiated legal proceedings against the Dutch Bank ING, for the first time raising the issue of whether financial actors have such a duty of care. This case represents a significant milestone in the worldwide effort to transform the financial sector and curb its seemingly endless appetite for financing fossil fuels. In light of these proceedings, I argue that the German courts have adopted an imprecise understanding of what the duty of care entails and that an appropriate application of this duty can increase the accountability of financial actors. CC BY-SA 4.0 Bank Banks Deutschland Duty to maintain public safety Klimaabkommen von Paris (2015 Dezember 12) Netherland | O'Neill Joseph Paris Agreement Sorgfaltspflichtgesetz Verkehrssicherungspflicht climate change climate litigation duty of care (DE-588)4004436-1 gnd Bank (DE-588)4011882-4 gnd Deutschland (DE-588)1113618760 gnd Klimaabkommen von Paris (2015 Dezember 12) (DE-588)7711591-0 gnd Netherland | O'Neill Joseph (DE-588)1242686991 gnd Sorgfaltspflichtgesetz (DE-588)4062964-8 gnd Verkehrssicherungspflicht Max Steinbeis Verfassungsblog gGmbH Verfassungsblog 2366-7044 https://verfassungsblog.de/milieudefensie/ raw object