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Study to Score 63 Top Technology, Consumer Companies on Climate Change Governance Practices

Posted on: Tuesday, 9 December 2008, 09:33 CST

Leaders, Laggards to be Listed for 11 Key Industry Categories, Including Retail, Pharma, Grocery, Tech, Restaurants and Travel; Business Choices May Be More Critical in Obama Era

WASHINGTON, Dec. 9 /PRNewswire-USNewswire/ -- The climate change corporate governance practices of 63 of the world's leading technology and consumer products/services companies -- including Dell (Nasdaq: DELL), Intel, IBM, Sun, Coca-Cola (NYSE: KO), Johnson & Johnson, Marriott International, Wal-Mart, Molson Coors, Colgate Palmolive and Whole Foods -- will be scored in a new report commissioned by Ceres and the Investor Network on Climate Risk, with $7 trillion in assets under management.

The new study authored by the RiskMetrics Group (NYSE: RMG) will span 11 industry sectors: apparel; beverages; big box retailers; grocery & drug retailers; personal & household goods; pharmaceuticals; real estate; restaurants; semiconductors; technology; and travel & leisure. The score for each company and its standing in the relevant industry sector category will be detailed in the study.

News event speakers will include:

* Mindy Lubber, president, Ceres;

* Doug Cogan, lead report author, RiskMetrics;

* Thomas DiNapoli, New York State Comptroller and member of Investor Network on Climate Risk;

* Tod Arbogast, director of sustainable business, Dell; and

* Bryan Jacob, director, energy management & climate protection, The Coca-Cola Company.

Each of the 63 companies covered in the study is a major energy consumer. For example, at Wal-Mart, direct and indirect emissions from its substantial global operations exceed 20 million tons a year -- the equivalent of a mid-sized power company.

TO PARTICIPATE: You can join this live, phone-based news conference (with full, two-way Q&A) at 11 a.m. ET/8 a.m. PT on Thursday (December 11, 2008) by dialing 1(800) 860-2442. Ask for the "climate change governance scoring" news event call.

CAN'T PARTICIPATE?: A streaming audio replay of the news event will be available on the Web at http://www.ceres.org and http://www.incr.com as of 6 p.m. ET on December 11, 2008.

Ceres is a leading coalition of investors, environmental groups and other public interest organizations working with companies to address sustainability challenges such as global climate change. For more information, visit http://www.ceres.org.

The Investor Network on Climate Risk, which is coordinated by Ceres, is a network of 70 investors with collective assets totaling $7 trillion focused on the business impacts from climate change. For more information, visit http://www.incr.com.

RiskMetrics Group is a leading provider of risk management and corporate governance products and services to financial market participants. By bringing transparency, expertise and access to the financial markets, RiskMetrics Group helps investors better understand and manage the risks inherent in their financial portfolios. Headquartered in New York with 19 global offices, RiskMetrics Group serves some of the most prestigious institutions and corporations worldwide. For more information, visit http://www.riskmetrics.com.

SOURCE Ceres, Boston, MA; RiskMetrics, New York City; INCR, Boston, MA; Dell, Inc., Round Rock, TX; Coca-Cola, Atlanta, GA

Source: PR Newswire

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