[GreenYes] Fwd: New CERES Report Available - "Value at Risk: Climate Change and the Future of Governance"

[Gary Liss <gary@garyliss.com>]

> 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