The future for company law and sustainability

In spite of apparently earnest reform efforts on many levels and in many jurisdictions, including, for example, the adoption in April 2014 of new non-financial reporting requirements for the largest companies in the EU,1 there are few signs that current governance regimes are or will be capable of producing more than just incremental improvements. Incrementalism is not even close to the fundamental shift we need to change from ‘business as usual’ to an environmentally sustainable path.