Water Risk Disclosure Search Tool

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Water Risk Disclosure Search Tool

Ceres has launched a search tool that allows users to access water risk disclosures in company filings with the US Securities and Exchange Commission

The SEC Sustainability Disclosure Search tool allows users to find disclosures in 4,500 US companies' annual filings relating to water availability,scarcity, quality,pollution, regulation and innovation.

The tool covers 10-K filings from 2009 to the present and helps investors, companies, analysts, academics and other stakeholders understand to what extent companies are measuring, managing and disclosing material water risks and opportunities.

For example, a new Ceres/CookESG analysis, derived from the tool, shows that around half of the 433 California-based public companies in the Russell 3000 Index provided disclosures about water risk. Of these, four waterutilitiesprovided the most detailed disclosures, followed by two property developers acquiring water rights and developing water resources in the state. All of these disclosures discuss the ongoing drought and its impact on their business.

Source: Environmental Leader

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