Organizations should disclose their impact of climate change, according to the statement made by institutional investors and environmental advocates, reports Alertnet. The U.S. Securities and Exchange Commission issued climate change risk guidelines for firms two years ago, and many firms do assess their vulnerability to severe storms, droughts, floods and heat waves. Now, a new guide was published by Calvert Investments, Oxfam America and the Ceres coalition of investors, companies and public interest groups that will aid corporations to disclose their climate change risk in a structured, standard way. The report also assess the potential risks to the various economic sectors and points out that these risks offer investment opportunities, particularly in the water infrastructure.
Tag This Document