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Lobby builds to force companies to declare climate change exposure

Tuesday 15 Apr 08 7:00am

Spurred on by the example of the continuing reticence of finance houses over sub prime exposure, a group of institutional investors - including London’ s F&C Management which has holdings in New Zealand - is lobbying the US  Securities and Exchange Commission to insist that companies disclose their exposure to climate change.

The group of investment houses manages $2 trillion in funds and they are demanding that equity analysts and rating agencies calculate the carbon dioxide emission exposure for companies that are involved in sectors that lead to the pollution of the environment.

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