A class action might be out of the question but climate change litigation, at least against companies, is on the rise.

Australia has so far had the second-highest number of climate cases globally after the United States and the nation’s financial regulators have been warning about an increase of litigation for years now.

On top of that, in 2016 a legal opinion by Noel Hutley QC and Sebastian Hartford-Davis identified climate change as a material financial risk to businesses. As a result, Australian company directors might be legally obliged to consider and report on the risks.