Climate Change Disclosures

Yesterday, Michelle Leder had an interesting post, Climate change, baked goods and Sara Lee … at  ESG disclosures concerning global climate change are increasing in 10-k and 10-Q filings. Leder cites Molson Coors disclosure in its recent 10-Q:

While warmer weather has historically been associated with increased sales of beer, changing weather patterns could result in decreased agricultural productivity in certain regions which may limit availability or increase the cost of key agricultural commodities, such as hops, barley and other cereal grains … Increased frequency or duration of extreme weather conditions could also impair production capabilities, disrupt our supply chain or impact demand for our products. Climate change may also cause water scarcity…

See also, Beer, Cheesecake And Climate Change, NPR’s Planet Money, 8/30/10. Hat tip to the CEO of Sustainability Risk Advisors, Mark Tulay, who alerted me of Leder’s post through the Social Investment Forum. Listen to Tulay on Sea Change Radio: Socially Responsible Investment Community Reacts to BP Deepwater Disaster.



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