A free website has launched that allows investors and the general public to research corporate environmental financial disclosures.
Evonet.com enables users to quickly access environmental and climate-related financial disclosures that are often buried deep within lengthy financial filings.
“Investors are urgently seeking more transparency from corporations about their material risks and risk management practices, particularly those related to climate change, but there are no simple tools to assist investors in collecting and assessing this information,” said Greg Rogers, co-founder of Envonet and a long-time champion of corporate financial transparency. “And, when disclosures are compared side by side, the contrast between many European companies and their U.S. counterparts leaps off the page. For investors, it makes evident which corporations are treating climate change as a material financial risk and which are not.”
Utility companies included in the database are: American Electric Power, CLP Holdings, Dominion Resources, DTE Energy, Edison International, Enel, Entergy, Eversource, Exelon, FirstEnergy, Fortis, Iberdrola, NextEra Energy, PG&E, Power Assets Holdings, PPL, Public Service Enterprise Group, Southern Company, SSE, and Xcel.
Oil and gas companies included in the database are: Anadarko, Apache, BP, Canadian Natural Resources, Chevron, Concho Resources, ConocoPhillips, Devon Energy, Eni, EOG Resources, ExxonMobil, Marathon, Occidental, Phillips 66, Pioneer Natural Resources, Royal Dutch Shell, Suncor Energy, Total, Valero, and Woodside Petroleum.
Users can select several companies and compare their disclosures, side-by-side, such as the example provided in this news release with data from BP, Chevron, ExxonMobil and Shell. And with a single click, users can jump to the specific location of disclosures in a corporation’s financial filings, where the information can be read in context.
Envonet displays climate-related disclosures in the areas of governance, strategy, risk management and performance measurement, found in mainstream financial filings (e.g., Form 10-Ks filed with the U.S. Securities Exchange Commission).