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The CDP Global Water Report 2013 was launched at the CDP Global WatA pair er Forum on Oct. 31. The report was produced for 530 institutional investors representing about $57 trillion in assets, and is based on information submitted to CDP by 180 Global 500 companies. It notes that "companies are more aware of the breadth and significance of water-related risk, such as business interruption due to inadequate infrastructure, supply chain disruption due to water scarcity and reputational damage."

Environmentalist and shareholder advocacy groups have filed resolutions urging Monsanto, DuPont de Nemours and Dow Chemical Company to stop using corporate funds to fight a referendum in Washington that, if it passed, would require special labels on raw and processed foods made from genetically modified crops.

H&M, Unilever, Nestlé and several other leading companies and investors have committed to reporting climate change through the Climate Change Reporting Framework or other comparable frameworks as a matter of fiduciary duty, whether or not required by current regulation.

Forest carbon-credit proponents say serious government backing is needed to develop a global market for their offsets. "Once speculators believe that government is committed to doing this, they will rush in -- it will happen overnight," predicts Jim Procanik, managing director of InfiniteEARTH.

Archers Daniels Midland (ADM) said it would announce details of a new "No Deforestation" policy for soy and palm oil at its May 7 annual meeting. The move follows pressure from investors Green Century Capital Management and the New York State Common Retirement Fund.

Walt Disney Company today announced its intention to prohibit cigarette-smoking depictions in films it produces with youth ratings. The company is the first major Hollywood studio to do so, following pressure from a coalition of investors

The number of investment professionals in the US offering fossil fuel-free portfolios to investors jumped by more than 50 percent over the past year - from 22 percent to 36 percent, according to a new survey by First Affirmative Financial Network.

Large investors withdraw a shareowner resolution after the packaged food giant agrees to remove tree-cutting palm oil suppliers from its supply chain.

"The company has joined the ranks of many of its industry peers who recognize that they must also go beyond RSPO's standards to ensure that their purchases do not result in mass deforestation and labor abuses in the supply chain,"

 cracks are beginning to appear in the shareholder value edifice and are leading to a renewed examination of the factors that should shape investor decisions. Three factors are driving this re-assessment.

BP and Shell plan to encourage shareholders to back a resolution brought by investor activists, which urges the companies to strengthen their response to the escalating risk of climate change

BP's shareholders overwhelmingly supported a resolution on Thursday that would force the company to disclose some of its climate change-related risks. The shareholder vote was extraordinarily lopsided, with about 98% of shareholders approving the resolution, which had the backing of BP's chairman, Carl-Henric Svanberg. The embrace of the climate change resolution is being called a watershed event in the history of climate-related shareholder resolutions, which investors large and small have been pursuing since 1999 to try to encourage oil, coal and gas companies to inform shareholders of their climate change-related risks and shift their investments into renewable sources of energy.

The industry has resisted pressure for years from environmental groups to warn investors of the risks that stricter limits on carbon emissions could have on their businesses, although that appears to be changing. Energy experts said prosecutors may decide to investigate companies that chose to fund or join organizations that questioned climate science or policies designed to address the problem, such as the Global Climate Coalition and the American Legislative Exchange Council, to see if discrepancies exist between the companies' public and private statements.

China, the world's biggest clean energy investor, plans to increase wind and solar power capacity by more than 21 percent next year as it works to reduce greenhouse gas emissions by cutting its reliance on coal. The nation is targeting at least 20 gigawatts of new wind power installations and 15 gigawatts of additional photovoltaic capacity next year, the National Energy Administration said in a statement on Tuesday.

The political outcomes of COP21, the UN climate conference, may still be unknown, but at least we can expect substantial investment in clean energy following two initiatives announced earlier this week: Mission Innovation, a commitment from 20 participating countries to double their governmental and/or state-directed clean energy research and development investment over five years; and the Breakthrough Energy Coalition, a global group of private investors who will support the commercialization of clean energy ideas

The Paris climate accord heralds a new era for the global economy, with a wide range of investors and industries now likely to seek ways to avoid carbon risks and adopt less carbon-intensive ways of doing business, experts say. Secretary of State John Kerry says the deal will be a net job creator and sends a powerful message to the marketplace. Nancy Pfund, managing partner of DBL Partners, agrees. "It's very hard to go backward from something like this. People are boarding this train, and it's time to hop on if you want to have a thriving, 21st-century economy," she says. 

580+ groups, businesses call for extension of clean energy tax credits  Over 580 organizations and businesses, including the American Wind Energy Association, have written a letter to Congress calling for the extension of tax credits relating to clean energy. "Businesses and investors need stable, predictable federal tax policy to create jobs, invest capital, and deploy pollution-reducing energy technologies," they wrote. 

The Coalition for Higher Ambition issued a statement calling on EU officials to "act on the Paris Agreement and ensure that EU climate policies are coherent with its goals." The Coalition for Higher Ambition is an informal group of businesses, investors, NGOs, and others working together to promote leadership on climate change mitigation in the EU.

Phasing out unprofitable coal plants could save U.S. consumers $10 billion a year by 2021 and boost the country's competitiveness, according to a new report by Carbon Tracker launched today. No Country for Coal Gen: Below 2°C and Regulatory Risk for U.S. Coal Power Owners is the first study to look at the economics of each U.S. coal power plant and provide investors with a tool to support a rational closure program to keep global warming below 2 C°.