An international group of institutional investors published disclosure guidelines for the electric utilities sector. This standard will make it easier for investors to assess and compare the risks and opportunities posed by climate change and individual companies' climate policies. It provides a unique format for presenting quantitative and qualitative issues in a coherent and consistent way.
The Global Climate Disclosure Framework for Electric Utilities captures those climate change issues that are relevant specifically for electric utilities and power generators. It was elaborated by European, North American and Australian investors. The IIGCC (Institutional Investors Group on Climate Change), which has 44 members with assets under management of around 4 trillion euro, is one of three associations having participated to this initiative. BNP Paribas ensures the presidency of the IIGCC in 2008.