...[T]here is still little discussion about a concrete and enforceable distribution of the GHG emissions that must be reduced in order to achieve this imperative. The Oslo Principles (OP) aimed to map the legal obligations of States in the face of climate change. The Principles on Climate Obligations of Enterprises (EP), issued by a group of experts from all continents, discern the obligations of enterprises and investors based on the group’s interpretation of the law as it stands or will likely develop. In doing so, they aim to complement the OP in spurring a concrete debate on the responsibilities of individual players...

…The legal basis of the EP is an amalgamation of international, human rights, tort and environmental law – international conventions, domestic legislation, case law and legal doctrine – and numerous codes of conduct or governance…

...The EP set out five kinds of obligations: 1) reduction of GHG emissions from enterprises’ activities (Principles 2-8; 12-16); 2) reduction of GHG emissions from enterprises’ products and services (Principles 9-11); 3) consideration of suppliers’ GHG emissions (Principle 17); 4) procedural obligations on disclosure and impact assessment (Principles 18-24); 5) incorporation of enterprises’ performance by financiers and investors in their banking and investment strategy (Principles 25-30)...