Emissions Reduction: Litigation Tci and Brand Impairment

emissions reduction: These risks include regulation, taxation, competitive disadvantage, brand impairment, financing, physical asset impairment and litigation, according to The Guardian. TCI said disclosure should include targets for emissions reduction. Letters to those companies published on the TCI website say TCI believes that climate change-related risks, in particular a company's greenhouse gas emissions, will have a material effect on a company's long-term profitability, sustainability and investor returns. The hedge fund also warned it would vote against auditors where the annual report and accounts failed to report material climate risks. If governments won't force disclosure, then investors can force it themselves. It threatened to dump investments where a portfolio company refuses to disclose emissions and does not have a credible plan for their reduction . Sir Christopher Hohn, the billionaire hedge fund manager who set up and runs TCI, told the Financial Times Investing in a company that doesn't disclose its pollution is like investing in a company that doesn't disclose its balance sheet. (news.financializer.com). As reported in the news.