Overview
Developments 
|
 Weil
Gotshal & Manges LLP recently issued a report on recent developments in
corporate disclosure of climate change risk
- Access the report here 5.01.08
|
Carbon Disclosure Project
|
Carbon Disclosure Project
CDP is non-profit collaboration of institutional investors that collects
information on commercial risks and opportunities related to climate change and
global greenhouse emissions
- Report based on responses to fifth information
request sent by CDP on 2.01.07
- Written by RiskMetrics Group
- Asia
- Canada
- Global FT 500
- UK FTSE 350
- Nordic
See
also report issued by Calvert
and Ceres
in association with CDP with regard to quality of
climate risk disclosures by S&P 500 companies
|
Global Reporting Initiative
|
Global Reporting Initiative GRI
is non-profit organization that develops and publishes guidelines for reporting
on economic, environmental, and social performance
|
New York State Investigation
Climate Change Legislation
SEC_CODE_REF_0090001192884
|
Federal
Committee on Energy and Commerce
working
on design of mandatory, economy-wide climate change legislation Climate
Change Legislation Design White Papers
- Scope of a Cap-and-Trade Program 10.03.07
- Other white papers will
address cap levels and timetables, measures for containing costs in a
cap-and-trade program, carbon sequestration, offsets and credits, developing
countries, distribution of allowances, and additional measures to complement the
cap-and-trade program
- From Chairman John D. Dingell (Committee on
Energy and Commerce) and Chairman Rich Boucher (Subcommittee on Energy and Air
Quality)
- To members of Committee on Energy and Commerce
See also press report
that several Democrats on Senate Banking Committee may push for improved
corporate disclosure of financial risks 10.31.07
California Senator
Florez introduced legislation to require disclosure of climate risk and
opportunities
- This bill would require the Secretary of State, in consultation with the investment community, to develop a climate change disclosure standard for use by listed companies doing business in California. The standard would provide guidance on disclosure of climate change risks and opportunities for listed companies. The bill would require the Secretary of State to publish the standard on its Internet Web site by December 1, 2008, and would authorize the Secretary of State to periodically revise the standard, as specified. The bill would state findings and declarations in this regard.
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Proxy Disclosures
|
2008
- This is from the introduction:
The two primary means by which aviation contributes to global emissions are through aircraft operations and airport ground equipment, and Continental is committed to reducing emissions from these sources. In order to minimize the impact on the environment from our fleet and ground service equipment, Continental will continue to invest in the most effective technology and operating procedures feasible.
In addition, we will construct airport facilities in an environmentally responsible manner and will continue to monitor the environmental impact of our business.
- Followed by discussion of Continental's environmentally sensitive
culture, with discussion of its fleet, ground equipment, facilities and cultural
awareness
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Shareholder Proposals
|
 2008
Proxy Season
- FEAOX is proponent
- Meeting on 5.08.08
- Proponent is not named
- Meeting on 5.28.08
- Community of the Sisters of
St. Dominic of Caldwell, NJ
- Meeting on 6.03.08
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Regulation S-K Key disclosure items
|
Item 101
- Description of Business
- e.g., cost of environmental compliance
Item 103
- Legal Proceedings
- e.g., proceedings contemplated by
governmental authority
Item 303
- MD&A
- e.g., trends, uncertainties, risks, and
opportunities related to climate change
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Commentary
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