CERES RELEASES REPORT
Corporate Governance and Climate Change: Making the Connection

Contact Nicole St. Clair at stclair@ceres.org or 617-247-0700 x20 (cell: 617-733-6660)

The report evaluates how 20 of the world's biggest corporate emitters of greenhouse gases are factoring climate change into their business strategies and governance practices. The report finds that many of the biggest carbon dioxide-emitting companies are not adequately disclosing the financial risks posed by climate change and also are failing to deal with global warming issues in other key corporate governance areas.

The profiled companies include the top five carbon emitters in the electric power, auto and petroleum industries as well as five other industry leaders. A 14-point "Climate Change Governance Checklist" provides analysis of these companies' actions in the areas of board oversight, management accountability, executive compensation, emissions reporting and material risk disclosure. The report describes how institutional investors can engage companies on climate change as part of the emerging corporate governance agenda, and includes recommendations for corporate boards/executives and policymakers. The report was commissioned by CERES and written by Douglas Cogan of the Investor Responsibility Research Center. (128 pp.)

For more information, or to order a printed copy, contact Chris Fox at fox@ceres.org

The report is available for downloading (as a PDF) free of charge at http://www.ceres.org, or click here to view

The report was released today in a telenews press event with CERES Executive Director Mindy Lubber, report author Douglas Cogan, former EPA Administrator William Reilly and New York State Attorney General's Office Chief of Environmental Protection Bureau Peter Lehner -- streaming audio replay will be available at http://www.ceres.org