The corporate law discourse on climate change has largely focused on the ‘internal dimension’ of directors’ duties—whether boards must consider climate-related risks and opportunities that affect firm-specific financial performance. While this question has gained significant traction, a more provocative challenge remains less explored: should directors address their company’s negative impacts on climate, the economy and society, even if doing so is unconnected with or may even conflict with firm-specific shareholder returns (at least in the short-term).