18 Aug '11, 12pm

Lack of Climate Data in Smucker's CSR Report Brings Investor Action

Lack of Climate Data in Smucker's CSR Report Brings Investor Action

Climate change will be one of the issues to be debated at tomorrow's Annual General Meeting of the Smucker's food conglomerate. The company, which derives 40 percent of its revenue from its Folger's coffee business, has on its proxy ballot a shareowner resolution submitted by Calvert Investments and Trillium Asset Management , which, according to a press release , calls for "detailed disclosure by the company about climate-related risks to the Folgers Coffee and other brands." The resolution, which was filed in March, predated the publication of company's 38-page 2011 Corporate Responsibility Report . The report, according to the press release, "contained only one page devoted to coffee and none to climate change." "Climate change may present a number of important risks and opportunities for our company," the resolution states, "as it impacts temperature, rainfall patterns...

Full article: http://www.greenbiz.com/news/2011/08/18/lack-climate-data...

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