Thursday, 1st February 2007

S&P 500 Companies Faulted For Poor Climate Disclosure

S&P 500 Companies Faulted For Poor Climate Disclosure
Source: Ceres/Calvert

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.

The Ceres/Calvert report released today concludes that America’s largest companies still aren’t taking climate change seriously enough. Less than half (47 percent) of the S&P 500 companies responded to a global survey last year by the Carbon Disclosure Project requesting information about their climate risks and strategies, and those that did respond failed to provide much of the information investors are seeking. Nearly a third (30 percent) of the responders, in fact, declined to publicly release their responses, calling them “confidential.”

+ Climate Risk Disclosure by the S&P 500 (PDF; 1.21 MB)

Category:

• Business and economics (DocuTicker)
• Weather and climate (DocuTicker)

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