Asian investors have little systematic understanding of the toxic chemicals issue. This gap in knowledge creates an opportunity for those investors capable of identifying previously ignored drivers for sector leadership and unanalyzed sources of risk. Association for Sustainable and Responsible Investment in Asia (ASRiA), Toxic Chemicals — Asian Investors are At-Risk, 2007 |
News Action AlertsComments Due by August 8 to Financial Accounting Standards Board (FASB)A proposed accounting standard would require corporations to disclose more to investors regarding their potential losses due to product toxicity, environmental remediation and other liabilities. However, the proposed standard stops short of requiring full disclosure of risks that would impact investors, most notably neglecting to require disclosure of long-term severe impact risks that are viewed as remotely probable by a company's managers. The proposal may also allow corporate lawyers to routinely block disclosure of almost any information that they designate as prejudicial. Investor input is critical on these issues, as the corporate lobby is expected to turn out in force to oppose expanded disclosure. Comments are due by August 8 to the Financial Accounting Standards Board. 3.5 minute video of IEHN Counsel Sanford Lewis discussing the proposed standard: Detailed Action Alert/ Model Comments: IEHN Counsel's Comments - Submitted August 8, 2008 ContactSanford Lewis 413 549-7333 or sanfordlewis@iehn.org |
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