New Environmental Risk Ratings by Financial Institutions

The Financial Times recently reported that

Markit, a financial information company, will this summer launch an index based on the Carbon Disclosure Project (“CDP”) results for the 2008 survey.  “There is an increasing market both from a retail and institutional perspective for products and exposure to companies who have a good environmental management strategies, and we’re certainly getting that message from many of the institutional investors who are signatories to CDP,” Ms Joanna Lee of CDP said.

The Markit information will apparently also reflect physical risk faced by a company’s EHS management activities.  US companies have historically focused their HSE risk control efforts on compliance-oriented matters or remediation activities.  Now there may be a direct shareholder-based driver to assess the risks on a broader basis.

http://blogs.ft.com/energy-source/2009/06/22/attracting-investors-with-environmental-risk-disclosure/

Advertisements

One response to “New Environmental Risk Ratings by Financial Institutions

  1. Pingback: Troilus and Cressida (opera) » Canada’s banking system kept high & dry by strict regulation

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s