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| Opportunities & Exposures: Environment |
Hot and Bothered
Jack Ehnes
01/01/2006
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These are
encouraging developments, but more action is needed. The SEC and New York Stock
Exchange should follow Europe’s lead by requiring companies to boost their
climate risk disclosure. Wall Street should be analyzing how companies and
sectors are threatened by global warming.
In the absence of decisive national
leadership from the government, it falls to business leaders and investors to
push for change and accountability in facing this enormous global challenge.
Inaction may mean financial trouble down the road as U.S. companies fall behind
their global peers.
 | Jack Ehnes is CEO of the $133 billion California State Teachers’
Retirement System, a member of the Investor Network on Climate Risk. |
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