A money manager affiliated with several midsize life and health insurers has mobilized 2 industry giants to help deal with concerns about air pollution.
The Calvert Group Ltd., Bethesda, Md., a company that manages socially screened mutual funds, has persuaded Hartford Financial Services Group Inc., Hartford, and Prudential Financial Inc., Newark, N.J., to improve reporting on the risks the companies may face as result of pollution-triggered climate change.
Hartford and Prudential have agreed to fill out the climate risk disclosure questionnaire developed by the Carbon Disclosure Project, London, and they have agreed to disclose their assessment of the business impact of climate change, Calvert says.
More than 1,000 large companies now participate in the CDP disclosure program.
Calvert is a unit of UNIFI Mutual Holding Company, Lincoln, Neb., the parent of insurers such as the Ameritas Group, Lincoln, a major dental insurer, and Union Central Life Insurance Company, Cincinnati.
Calvert has been promoting shareholder resolutions that call for Hartford and Prudential to report on efforts to cope with climate change.