Group wants environmental risk data from companies

A coalition of public and union pension fund officials called for shareholder action on climate-change risk, urging the SEC to require companies to disclose their environmental risks and their plans for dealing with them. The group, including New York Comptroller Alan Hevesi and state treasurers Philip Angelides of California and Denise Nappier of Connecticut, want the disclosures to enable better climate-change reporting while also seeking shareholder remedies through proxy resolutions. It will urge the SEC to remove impediments to shareholders in introducing resolutions on the issue.