14 Jun '12, 9am
Study Shows Stock Prices Rise After Companies Disclose Carbon Emissions
newly released guide by Calvert Investments, Ceres and Oxfam America states, investors have been concerned about physical climate risks for several years and have actively pursued better climate disclosure from the companies in which they invest. Respectively, companies are more attentive to these growing demands as we can see from the CDP data on the number of companies that respond to its questionnaire . At the same time, there are still many companies that hesitate to disclose their carbon emissions, either because they don’t think it’s a material issue or because they’re afraid of a negative shareholder response. Griffin and Sun’s study might not help the first group of naysayers, but can certainly provide some assurance for the second one.