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Power Companies and Wall Street Firms Begin to Assess Climate Risks
Jan 28, 2011
With input from investors, financial firms and electric power companies, Ceres today released a report outlining actions that power companies and Wall Street firms should be taking to address the financial risks posed by climate change. The report comes as more financial services firms, including Citigroup, JPMorgan and Sanford C. Bernstein, are boosting their research on the financial impact of emerging climate change regulations.
Investors Press S&P 500 Companies for Better Disclosure on Social and Environmental Challenges
Jan 28, 2011
For the first time, major institutional investors today called on S&P 500 companies to follow their European counterparts in using the Global Reporting Initiative (GRI) to improve their public disclosure to shareholders on pressing environmental and social issues. The announcement comes as GRI today unveiled new reporting guidelines, called G3, that elevate climate change as a key disclosure topic for companies to include in public reports.