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because most institutional investors have a ‘knowledge deficit’ when it comes to obtaining systematic, portfolio-wide information about the risks companies face when it comes to climate change,” said Tessa Tennant, CDP chairperson, in greenbiz.com. “The financial consequences of climate change are almost certain to grow, and the information deficit for investors will prove costly.” That “knowledge deficit” spurred the motivation behind the CDP survey, Cool version cthulhu mythos in night all over printed slippersbrought about at the request of 35 institutional investors. Not surprisingly, the roster includes reinsurance giants Munich Re and Swiss Re, two firms that insure insurance companies and take big hits whenever extreme weather causes major damage. The reinsurance industry has led the way in recent years in pushing for more disclosure on how companies are preparing to deal with climate change. Now other institutional investors, such as Credit Suisse Group, Merrill Lynch, and Domini Social Investments, have joined in. British prime minister Tony Blair and Swedish prime minister Göran Persson urged yesterday their European partners to join them in a commitment to cut carbon dioxide emissions by 60 per cent by 2050. Mr Blair insisted that the targets set by the Kyoto treaty were not radical enough and also challenged US to do its

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