Tue, 22 July 2008
Corporate disclosure of risks and liabilities is something that helps investors make informed decisions about where they put their money. A handful of institutional investors, including CalPERS, CalSTRS, the NY State Comptroller and the Florida State Board of Administration, among others, filed a petition with Ceres and the Environmental Defense Fund last September (2007) requesting that the Securities and Exchange Commission require companies to disclose risks to their businesses from climate change. The general idea is that once a risk is analyzed and disclosed, that risk will eventually get managed. The SEC petition was recently updated this June (2008).
This podcast is a "recast" of the New York City Bar Associations Environmental Law Committee Environmental Law Interview with Ceres staffer Anne Kelly, Director of Ceres Corporate Governance Program, on the original SEC petition.
[Music: Amon Tobin, "Searchers" from Out From Out Where (Ninja Tune, 2002) and Ry Cooder, "Green Dog" from My Name is Buddy (Nonesuch, 2007)]