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Climate change is risky business. (Eco Talk).

Investors failing to take account of climate change in their asset allocations and equity valuations face serious investment repercussions overtime, according to a new survey of the 500 largest global companies by market capitalization. The Carbon Disclosure Project, which conducted the survey,

found that while 80 percent of respondents acknowledge the importance of climate change as a financial risk, only 35 to 40 percent were actually taking action to address the risks and opportunities.

"We face a monumental educational challenge because most institutional investors have a 'knowledge deficit' when it comes to obtaining systematic, portfolio-wide information about the risks companies face when it comes to climate change," said Tessa Tennant, CDP chairperson. The report noted those companies quick to reduce gas emissions stand to gain a competitive advantage, in terms of both cost and market risk management.

In addition, make sure to read these articles:

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  • Retailers Take Green Steps
    • New York — While Wal-Mart may be taking the most aggressive steps to demonstrate its eco bona fides — most recently teaming up with the ......
  • Haldex Among 2007'S Top ClimateImprovers.
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  • The Carbon Disclosure Project.
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  • COKE CAPS IT
    • Now Coca-Cola is not my favourite drink, in fact I have not touched the stuff in 20 years and feel better for it. However to ......
  • GENTLE PERSUASION
    • THE BUSH ADMINISTRATION'S POSITION ON REGULATING CARBON dioxide (CO2) emissions is crystal clear: hands off. In evidence is the United States' refusal to ratify the ......
  • The dues of partnership
    • Last month I told you about efforts in the U.K. to measure the size of manufacturers' “carbon footprint,” or the amount of greenhouse gases emitted ......
  • Wal-Mart to poll suppliers on energy use
    • Retail Giant Wal-Mart is once again pushing the supply chain envelope, this time in the area of energy use. The company recently said as part ......
  • Corporates Face Pressure to Address Climate Change.
    • NEW YORK -- A new Merrill Lynch (NYSE: MER) Research report "Combating Climate Change - Opportunities and Risks" has been published to examine the willingness ......
  • Retailers Take Green Steps
    • New York — While Wal-Mart may be taking the most aggressive steps to demonstrate its eco bona fides — most recently teaming up with the ......
  • How Telefonica communicates with SRI investors
    • In 2003 and 2004, Telefonica Group, the Spanish telecommunications company, maintained a proactive attitude to the community of analysts and investors who adhere to socially ......
  • Global Warming-Related Risk: Next Big Hurdle for Electricity Companies; Smart Planning Can...
    • Business Editors WASHINGTON--(BUSINESS WIRE)--Nov. 11, 2003 Some of the world's largest power companies are facing a major financial threat and could face costs equivalent to ......
  • Cummins Joins EPA's Climate Leaders, Sets Emissions Reduction Goal.
    • COLUMBUS, Ind. -- As a part of its continued commitment to sustainable practices, Cummins (NYSE:CMI) today announced its participation in the U.S. Environmental Protection Agency's ......
  • GENTLE PERSUASION
    • HEADNOTE WHILE A CONSERVATIVE PRESIDENTIAL ADMINISTRATION ESCHEWS MANDATORY CO2 CUTS, MANUFACTURERS MOVE AHEAD WITH REDUCTIONS IN RESPONSE TO CUSTOMER AND SHAREHOLDER RELATIONS AND LIABILITY CONCERNS....
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