Ceres, a national coalition of investors, environmental groups and other public interest organizations working with companies to take on sustainability challenges, has released a report, "Disclosing Climate Risks and Opportunities in SEC Filings: A Guide for Corporate Executives, Attorneys and Directors." It was intended to help companies provide investors with the climate-change information they want, according to Greenbiz.com.
The report found the quality of climate change disclosures has changed only slightly since the SEC issued guidance in 2010. Jim Coburn, co-author of the report, was quoted as saying the Ceres report "was mainly written as a guide for companies. The SEC guidance is excellent, but they also need examples of disclosure that are important to investors. It's challenging because there are not that many good examples." Coburn said he did not see major improvements in climate change disclosure unless Congress caps emissions or provides incentives for renewable energy.
Greenbiz.com (guide), (climate change), March 2.
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