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Calvert Inflates 4th Carbon Disclosure Project

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Written by Subhasis Chatterjee   
Monday, 30 July 2007

In the realm of business in the international continuum it has been acknowledged that the candid revelation of carbon emissions and management policies on the part of the corporate bodies happen to be the first step in the struggle against the alterations in the climatic condition. It has also been found that internationally acclaimed investors like Calvert have confidence on the admission of such inside story for the proficient determination of the companies in particular who are greatly involved in the managing of risks and also seizing opportunities associated with climate change.

In this respect, it has been learnt that the Calvert in agreement with the Investor Network on Climate Risk has accomplished the extension of the Fourth Annual Carbon Disclosure Project to the S&P 500 for the first time in recorded history. It is to be noted in this respect that the CDP is a major effort undertaken by well-known institutional investors in the gamut of inviting the largest corporations of the world regarding the disclosure of investment-relevant information concerning their greenhouse gas emissions.   It should be remembered that Calvert from the very initiation has been a signatory.

Calvert, in the contemporary age happens to be one of the largest socially responsible mutual fund firms in the entire nation with an asset of $15 billion approximately under management. The Company in accordance with this proffers forty-two funds which in its turn consents to individual and institutional investors for the pursuing of a broad range of investment objectives within a single fund family. In addition, the Calvert has also launched the Calvert Social Index(R), which has been regarded for its efficiency as a benchmark for the measurement of the performance of large, U.S.-based socially responsible companies. To its credit Calvert has a wide-ranging effectual category of award winning fixed income mutual funds in conjunction with its ongoing equity funds.

In the span of the last four years, the CDP has constantly surveyed the noted companies included in the FT 500 (a listing of the world's largest companies by the Financial Times). The subjects on which the survey was done included their exposure to risks associated with climate change, as well as potential opportunities—for new energy efficient products, etc. the most recent CDP has been signed by 225 investors with combined assets amounting to $31 trillion, corresponding to about a third of total institutional funds invested in the global spectrum.

 
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