Ensure Honest Accounting
Current accounting systems fail to value environmental and social factors in business decision-making. Investors and companies too often “externalize,” or ignore, the ecological and human impacts from their activity. As a result, companies are able to exploit finite water resources at minimal cost and emit carbon freely.
Ceres is working to ensure that capital markets integrate the full costs of environmental and social factors in business strategies, risk management and public disclosure. Achieving this will ensure companies are rewarded for strong sustainable performance.
How We'll Get There:
- Propel all companies to use a carbon ‘shadow’ price in capital investment decision-making and to share that information with investors.
- Ensure all analysts, rating agencies and financial firms are factoring environmental, social and governance risks and opportunities in their research and valuations.
- Integrate sustainability factors, such as water availability, forest protection and human rights, into company and investment decision-making.
- Embed sustainability factors into the disclosure requirements of key capital market drivers such as the Securities and Exchange Commission, New York Stock Exchange and Financial Accounting Standards Board.
TXU's Expansion Proposal: A Risk for Investors
Feb 06, 2007
- February 2007 - The report concludes that TXU's investors &mdash whether as public shareholders or private investors - will face a multitude of financial risks if the company moves forward with its plans to build 9,000 megawatts of pulverized coal-fired capacity. The report cites construction cost over-runs, burdensome regulatory costs as climate regulations take hold and a slowing of power demand in Texas as state legislators aggressively push energy efficiency and other energy-saving programs.
Climate Risk Disclosure by the S&P 500
Jan 06, 2007
- January 2007 - This report assesses how S&P 500 corporations from 11 key industries disclose the risks and opportunities they face from climate change. The report finds that over half of the nation's largest companies are providing inadequate disclosure to investors, despite growing financial losses in multiple sectors from climate change.
Ceres Annual Report: 2005 and Beyond
Dec 06, 2006
- December 2006 - By engaging directly with companies, by promoting leading-edge environmental and social disclosure, by leveraging our unique access to investors, Ceres is finding smart, workable solutions to society's most pressing sustainability challenges &mdash not the least among them, global warming.
Questions and Answers for Foundations on Proxy Voting
Nov 06, 2006
- November 2006 - A growing number of foundations are taking ownership of their proxies. Investors are looking with increasing favor on shareholder proposals asking companies to disclose potential liabilities related to global warming, issue broad-based reports on sustainability impacts, monitor their political contributions, or report on their fair employment policies. This guide serves as a reference for foundations seeking to ensure their endowments generate income as well as align with their principal mission.
Global Framework for Climate Risk Disclosure
Oct 06, 2006
- October 2006 - A unique global partnership of 14 leading institutional investors and other organizations representing trillions in assets today released the Global Framework for Climate Risk Disclosure to provide specific guidance to companies regarding the information they provide to investors on the financial risks posed by climate change.