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Ceres News Feed

Hundreds of New Insurance Initiatives Emerging to Tackle Climate Change and Rising Weather Losses
Oct 18, 2007
October 18, 2007 – Hundreds of new insurance initiatives, including ‘green’ building credits, drought-protection in developing countries and incentives for investing in renewable energy and carbon emissions trading are being offered to tackle climate change and rising weather-related losses in the U.S. and globally, according to a major new report announced today at the annual conference of the International Association of Insurance Supervisors.
Major Investors, State Officials, Environmental Groups Petition SEC to Require Full Corporate Climate Risk Disclosure
Sep 18, 2007
September 18, 2007 – A broad coalition of investors, state officials with regulatory and fiscal management responsibilities, and environmental groups today filed a landmark petition asking the Securities and Exchange Commission (SEC) to require publicly-traded companies to assess and fully disclose their financial risks from climate change. Also today, the coalition formally asked the Commission's Division of Corporation Finance to immediately begin "[c]losely scrutinizing the adequacy of registrants' climate disclosures" under existing law.
Ceres Seeks Submissions for 2007 Sustainability Report Awards
Sep 11, 2007
The Association of Chartered Certified Accountants (ACCA) and Ceres, a US-based coalition of investors and environmental groups, today called for submissions to the sixth annual Ceres-ACCA North American Awards for Sustainability Reporting. The application deadline is Oct. 26 and the winners will be announced in spring 2008.
$900 BILLION OF INSTITUTIONAL INVESTORS PRESSURE EXXONMOBIL ON GLOBAL WARMING
May 23, 2007
May 23, 2007 – Two dozen leading institutional investors are pushing for the removal of ExxonMobil board member Michael Boskin due to the company’s inaction on the serious business risks from climate change.
Vancity and Bristol-Myers Squibb Receive Top Sustainability Reporting Awards at Ceres Conference in Boston
Apr 25, 2007
Vancity Group and Bristol-Myers Squibb received the top sustainability reporting awards today in an international competition hosted by the Boston-based Ceres coalition and the Association of Chartered Certified Accountants (ACCA). The winners, selected from a record 102 nominations, also included Vermont-based Green Mountain Coffee Roasters and Vancouver, B.C.-based Mountain Equipment Co-op. The four winners were announced at the Ceres annual conference today at Boston’s Seaport Hotel, where a report providing guidance to companies on sustainability disclosure was also released.
U.S. Mutual Funds Ignoring Business Risks of Climate Change
Apr 23, 2007
April 23, 2007 – None of the nation’s 100 largest mutual funds voted in 2006 to support shareholder resolutions calling for more corporate disclosure on the financial impacts from global climate change, according to proxy voting data compiled by Institutional Shareholder Services (ISS) for Ceres
CFO Sink: Florida Treasury Joins Investor Network on Climate Risk
Apr 17, 2007
April 17, 2007 – Fresh off the heels of hosting the first in a series of “Conversations on Climate Change,” Florida Chief Financial Officer Alex Sink announced today that as the state treasurer, she will join the Investor Network on Climate Risk (INCR), a national network of investors focused on the business impacts of climate change. CFO Sink is the first Florida-based institutional investor to join the three-year-old organization, which now includes more than 50 public and private institutional investors managing more than $3.7 trillion in assets that focus on the future financial risks and investment opportunities posed by climate change.
S&P 500 Companies Faulted For Poor Climate Disclosure
Jan 31, 2007
January 31, 2007 – Despite growing financial losses in various business sectors from climate change, over half of the nation’s 500 largest publicly traded companies are doing a poor job of disclosing climate change risks to their investors, according to a first-ever report analyzing climate disclosure practices among S&P 500 companies last year.
Shareholders Challenge TXU on New Coal Plants and Energy Efficiency
Dec 08, 2006
December 8, 2006 – Leading institutional investors this week filed shareholders resolutions with the TXU Corp. regarding the company’s plan to build 11 new pulverized coal-burning power plants in Texas at an estimated cost of $10 billion.
New Report: Wall Street Analysts Concerned about Impact of Oil Prices, Energy Policies and Climate Risk on Auto Sector Companies
Apr 28, 2006
April 28, 2006 – A new Ceres report released today finds that the uncertainty in the U.S. regarding the future course of energy and climate change policy is a major problem for investors and Wall Street analysts in assessing the value of auto companies, and that analysts need better disclosure from auto companies about their strategies for managing the risks and capturing the opportunities posed by new energy and climate change policies taking effect worldwide.
Nike & Hewlett-Packard Win Ceres-ACCA Sustainability Reporting Awards
Apr 05, 2006
Nike Inc. and Hewlett-Packard received the top sustainability reporting awards today in an international competition hosted by the Boston-based Ceres coalition and the Association of Chartered Certified Accountants (ACCA). The winners, selected from a record 87 nominations, also included Seventh Generation in Burlington, VT, Dofasco in Hamilton, Ontario and Gap, Inc. in San Francisco, CA. The five winners were announced at the Ceres annual conference today at the Oakland Marriott.
Investors and Consumers Urge Fidelity, Vanguard and American Funds to Take Action on Global Climate Change
Mar 29, 2006
March 29, 2006 – More than 38,000 investors and consumers today called on the nation's three largest mutual fund companies - including Boston-based Fidelity - to focus their attention on the financial implications of global warming. The three mutual fund families collectively manage more than $1 trillion in assets.
BP Receives Top Score in First-Ever Ranking of 100 Global Companies on Climate Change Strategies
Mar 21, 2006
After years of inaction, a growing number of leading U.S. companies are confronting the business challenges from global warming, recognizing that greenhouse gas limits are inevitable and that they cannot risk falling behind their international competitors in developing climate-friendly technologies. Some U.S. companies, such as General Electric, are catching up and joining Cinergy and Alcoa in leading their industries. But many others are still largely ignoring the climate issue with 'business as usual' strategies that may be putting their companies and shareholders at risk.
Ceres Releases Corporate Toolkit for Managing Climate Change
Jan 20, 2006
January 20, 2006 – Ceres and the Investor Network on Climate Risk have published a 24-page "toolkit" to help companies address the strategic and financial challenges associated with global climate change.
Institutional Investors Urge Insurance Companies to Boost Response to Financial Risks and Opportunities from Climate Change
Dec 01, 2005
December 1, 2005 – Citing the enormous risks that insurance companies face from escalating losses caused by extreme weather events and the financial risks and opportunities associated with climate change, 20 leading U.S. investors urged 30 of the largest publicly-held insurance companies in North America to disclose their financial exposure from climate change and steps they are taking to reduce those financial impacts.
Ceres and ACCA Seek Nominations for 2005 North American Sustainability Reporting Awards
Sep 25, 2005
Ceres, a U.S-based coalition of investor and environmental groups, and the Association of Chartered Certified Accountants (ACCA) in Canada, are seeking submissions for the 2005 Ceres-ACCA North American Awards for Sustainability Reporting.
Carbonfund & Ceres Launch Carbon Offset Program
Sep 19, 2005
September 19, 2005 – Carbonfund, a nonprofit organization dedicated to reducing the threat of climate change, and Ceres, a national network of investment funds, environmental organizations and other public interest groups working to advance environmental stewardship on the part of businesses, have launched a joint carbon offset program.
New Ceres Report Warns of Rising Threat to U.S. Insurers and their Customers from Climate Change
Sep 08, 2005
September 8, 2005 – Hurricane Katrina is a most poignant reminder that U.S. insurers, government and consumers are at enormous risk from escalating losses from hurricanes and other weather-related events. Unless insurers and their regulators take steps to address this growing challenge, particularly in an era of escalating climate change impacts, companies, governments and the public will suffer even greater financial losses in the future, according to a new report released today by the Ceres investor coalition.
Hewlett-Packard And Gap Win Sustainability Reporting Awards
Apr 07, 2005
Hewlett-Packard and the Gap are among four U.S and Canadian companies that received sustainability reporting awards today in an international competition sponsored by the Boston-based Ceres coalition and the Association of Chartered Certified Accountants (ACCA). The award winners, selected from among 68 nominations, also included YSI Inc. in Yellow Springs, Ohio and the Vancity Credit Union in Vancouver, British Columbia.
U.S. Oil/Gas Companies Take Action To Reduce Climate Change Risks
Mar 17, 2005
March 17, 2005 – After extensive negotiations with shareholders, Anadarko Petroleum, Apache, ChevronTexaco and three other leading U.S. oil and gas companies have taken far-reaching actions in recent months to disclose their potential financial exposure from climate change and develop strategies to improve their strategic positioning as international pressure grows to reduce greenhouse gas emissions and promote renewable energy sources.