Ceres
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Ceres
There are two conclusions from "Corporate Governance and Climate Change: Making the Connection," a report that Ceres, a coalition of investors and environmentalists, expects will influence investment decisions. Connecticut's state treasurer, Denise L. Nappier, who administers a $22 billion investment fund, lauded the report as an "unprecedented window into how companies most affected by climate risk are responding at the board level, through C.E.O. leadership and strategic planning." The report does show progress since 2003, when a much smaller Ceres study concluded that most American companies were ignoring the threat of climate change. Since then, Ceres notes, Chevron Texaco has invested $100 million in developing cleaner fuels, Ford Motor introduced the first American hybrid car, American Electric Power has committed itself to "clean coal" technologies and G.E. has introduced its Ecomagination program stressing "green" products.