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Firms feel heat on climate change

www.stltoday.com

Here's a weather forecast for boards of directors and executives at publicly traded companies: Climate change is coming. Get ready.

Pretty soon boards and CEOs may be talking publicly about the impact of global warming on their businesses in the same way they now disclose facts about a new chief financial officer or a pending acquisition.
The premise is that climate change isn't just an environmental, or, more broadly, a human issue for the multitudes fretting about what sort of planet we are leaving our children and grandchildren.

It's a here-and-now investment issue, the argument goes, because climate change is "material" to public companies and so related issues have to be disclosed more broadly and systematically. And it's not just about power generators and other energy companies.

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