The Wall Street Journal’s Eco:nomics conference at Santa Barbara has started! Corporate leaders and economists has focused onto the cumulative and tiny importance of Think green. “Climate change is a fundamental economic issue,” said Mindy Lubber, president of the Ceres coalition of investment funds .It is well known that Ceres represents $5 trillion in shareholder value, including such powerhouses as California’s and New York’s state employee pension funds and the president of the Ceres coalition is urging corporations to “take a hard look at their growing exposure to environmental liabilities”.
The increasing demands by shareholders, does that companies divulge their exposure to climate change. There are peoples like Steven Milloy, managing partner in the diminutive $11 million Action Fund Management investment group, who totally agrees the call for greater disclosure accuses activist shareholders of “hijacking” board rooms to advance social agendas instead of shareholder value.
Lubber said over 50 shareholder resolutions related to global warming are currently on the agenda at U.S. annual shareholder meetings.
These are some of the few positive and interesting to our theme accents.
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