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[GreenYes] Fwd: New CERES Report Available - "Value at Risk: Climate Change and the Future of Governance"
Date: Thu, 09 May 2002 15:34:57 -0400
Subject: New CERES Report Available - "Value at Risk: Climate Change and the Future of Governance"
From: CERES <adminlist@ceres.org>
To: CERES Friends/Colleagues

CERES released a new report, "Value at Risk: Climate Change and the Future of Governance," on April 18, 2002 as part of the launch of the new CERES Sustainable Governance Project. The report, prepared by Innovest Strategic Value Advisors, outlines the mounting evidence that failure to respond to the risks posed by climate change could result in:

(1) multi-billion dollar losses for U.S. businesses and investment portfolios; and

(2) a potential breach of fiduciary duty on the part of corporate directors and investment decision-makers.

We would like this report to be the beginning of a conversation.  We look forward to hearing from you and your colleagues with your ideas and reactions.

For more information on the new CERES Sustainable Governance Project or to download a free copy of the report, visit http://www.ceres.org
Also on the website is the following report:
"Risking Shareholder Value? ExxonMobil and Climate Change."
ExxonMobil's attitude toward climate change is fraught with "unnecessary risks and missed opportunities" that could put at risk more than $100 billion in long-term shareholder value in the company, according to this report written by Mark Mansley of Claros Consulting and co-sponsored by CERES, Campaign ExxonMobil, and Robert A. G. Monks. The report also outlines five action steps that investors and other ExxonMobil stakeholders can take to encourage the ExxonMobil Board to take a more constructive approach on climate change that would minimize risk and protect shareholder value.

If you would like to order a printed copy of these reports, or if you have any questions or need additional information, please contact Chris Fox at CERES at fox@ceres.org or at 617-247-0700 x15.

To be added to the CERES newsletter list, send an email to majordomo@lists.ceres.org with "subscribe newsletter" in the body of the message.

Gary Liss
916-652-7850
Fax: 916-652-0485
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