Ceres proposes recommendations to insurers and regulators to maintain insurability in a warming world.
BOSTON – 2012 was the warmest year on record in the lower 48 states and the second most extreme weather year in United States history. Insurers are increasingly acknowledging that extreme weather has become the new normal, yet a new report from Ceres finds that many in the industry are only just beginning to think about how to address the effects climate change may have on their business – while a small group of companies is leading the way.
WEST SACRAMENTO, CA – California State Teachers’ Retirement
System’s (CalSTRS) Corporate Governance Director, Anne Sheehan,
has been named to the board of directors of the newly-launched
Sustainability Accounting Standards Board (SASB).
WEST SACRAMENTO, CA – The California State Teachers´ Retirement
System (CalSTRS) today announced it has withdrawn its shareholder
proposal at Sysco Corp. (NYSE: SYY) after the foodservice giant
agreed to include water risk management and sustainable
agriculture in the company’s new sustainability initiative.
WEST SACRAMENTO, CA – The
California State Teachers’ Retirement System (CalSTRS) today
announced it has joined The Climate Registry, the leading
voluntary greenhouse gas (GHG) registry in North America. A
nonprofit group governed by states, provinces and tribes, The
Registry helps organizations measure and reduce their GHG
WEST SACRAMENTO, CA– The California State Teachers Retirement
System (CalSTRS) has teamed with two other institutional
investors in a shareholder lawsuit against officers and directors
of Massey Energy (NYSE: MEE), pointing to an abysmal safety
record leading up to the tragedy in a West Virginia coal mine in
WEST SACRAMENTO, CA– A resolution proposed by the California
State Teachers’ Retirement System (CalSTRS) calls on Chesapeake
Energy Corporation (NYSE: CHK) to issue a sustainability report
on environmental, social and governance (ESG) issues, focusing on
greenhouse gas emissions and its plans to manage emissions. It is
the first shareholder resolution on sustainability reporting
submitted for consideration at Chesapeake.
SACRAMENTO, CA– In a sign
that even skeptical companies are “getting” the climate risk
message, five firms have agreed with the California State
Teachers’ Retirement System (CalSTRS) to improve their greenhouse
Sacramento, CA– On the eve
of Earth Day observances, a new report calls for an energy
revolution in the operation of electric utilities if greenhouse
gas emissions are to be significantly reduced. The report raises
the question of how much electric utilities will need to pay for
their ongoing carbon emissions and analyzes current levels of
risk disclosure to investors.
SAN DIEGO, CA– The National Association of Insurance
Commissioners (NAIC) today approved a groundbreaking mandatory
requirement that insurance companies disclose to regulators and
investors the financial risks they face from climate change, as
well as actions the companies are taking to respond to those
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