In business across industries transparency and authenticity are increasingly valued, which could explain why this database and online search tool exists to show what companies disclose carbon risks.
Walden Asset Management coordinated a coalition of shareholders consisting of 11 gas and oil companies in an endeavor to "shine a light on the practice of energy companies to fund ... efforts to derail regulatory efforts to mitigate the worst effects of climate change." This disclosure is especially important following the international agreement reached at COP21 in Paris.
Ceres and CookESG Research developed a new online search tool so people can see if companies disclosed carbon asset risks in annual SEC filings. This would include competition from renewable energy sources, governmental attempts to curb carbon emissions, reduced global demand for fossil fuel and more.
Carbon Disclosure Databases
Ceres's Online Search Tool Shows Which Companies Discuss Carbon Risks
Trend Themes
1. Transparency and Authenticity - Businesses can capitalize on the trend of transparency and authenticity by openly disclosing carbon risks and implementing sustainable practices.
2. Sustainability Reporting - There is an opportunity for companies to develop innovative sustainability reporting tools that enhance transparency and enable easy disclosure of carbon risks.
3. Renewable Energy Competitiveness - The shift towards renewable energy sources presents an opportunity for businesses to innovate and capitalize on the growing demand for cleaner alternatives.
Industry Implications
1. Energy - In the energy industry, companies can leverage the trend by actively disclosing their carbon risks and exploring renewable energy solutions.
2. Technology - The technology industry can develop online tools and platforms that enable easy carbon risk disclosure and enhance transparency in sustainability reporting.
3. Finance - The finance industry can invest in and support companies that prioritize transparency and disclose carbon risks, creating sustainable investment opportunities.