Sunday, September 25, 2005 - Companies bow to pressure on CO2

By Fiona Harvey in London
Wednesday, September 14, 2005
Posted: 01:55 PM EDT (18:55 London)

More than 70 per cent of the FTSE 500 companies have agreed to help investors assess the impact they make on global climate change, by disclosing the amount of carbon dioxide they produce.

The Carbon Disclosure Project, supported by a coalition of institutional investors with more than $21,000bn (€17,000bn, �11,500bn) in assets, wrote to every company in the index of the world's biggest companies, asking for information on their output of greenhouse gases. The companies were also asked whether they considered climate change a commercial risk or an opportunity, and to outline the risks.

James Cameron, chairman of the Carbon Disclosure Project, funded by a variety of charities, said investors should welcome the opportunity to know more about companies' risk from climate change: "Who can be against greater disclosure and transparency?"

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