Posted May 10, 2005, based on CERES press releases

For further information please look at the SustainabiliTank.info May
10,
2005 article on the Institutional Investor’s Summit.

The ten points of the Call for Action are:

1. The Institutional investors will invest capital, individually or
collectively, in companies developing and deploying clean technologies,
which we believe will enhance and sustain the long-term viability of
corporate assets and shareholder value.
The Collective Commitment is to seek to deploy $1 billion of capital
next
year to achieve attractive investment returns over the long term and
help
catalyze adoption of clean technology in the broader marketplace. while
at
the same time adhering to the fiduciary standards that govern our
overall
actions.

2. Support for and success of appropriate shareholder resolutions and
company engagement to improve corporate disclosure and governance on
climate. We will develop through the Investors Network on Climate Risk
(INCR) a model climate risk policy for institutional investors. This
policy
will specifically address shareholder resolutions, proxy voting, and
corporate dialogue on climate risk. We will share the policy with other
institutional investors and with mangers.

3. We pledge to work with investors around the world to develop a
reliable
and generally accepted global standard for disclosure of climate risk.

4. We will build a new forum for international investor collaboration
on
climate risk and promote information sharing among the growing number
of
institutional investors and organizations around the world concerned
about
climate risk.

5. Fund Managers and financial advisors will Improve capacity to
assess
climate risk, and will require and validate that relevant investment
managers, describe the resources, expertise and process that they use
to
assess the risks associated with climate change.

6. In order to improve mutual fund engagement in addressing climate
risk,
INCR will publish an annual scorecard showing how mutual funds vote on
climate change.

7. We will engage with all publicly-held companies in the auto,
electric,
power, oil and gas sectors that should follow the lead of some
companies and
report within a year how likely scenarios for climate change, future
GHG
limits, and dwindling access to inexpensive energy will affect their
business and competitiveness, and identify steps, they are taking, to
reduce
those financial impacts and seize new emerging market opportunities to
consider and address climate risk.

8. We will engage with companies, recognize leaders, promote best
practices, and renew dialogue between investors and the companies that
have
already disclosed their climate risk - to focus on steps that investors
and
companies can take to address this risk.

9. In order to help investors assess climate risk, through INCR, we
will
produce an annual “Corporate Governance Score Card on Climate Risk”, of
100
large emitters of GHG. We will distribute this scorecard throughout the
investor community by the end of 2005. This report will inform them of
the
efforts that companies and their boards of directors are taking to
consider
and address climate risk. (This work builds on a 14-point checklist
developed previously by CERES and the Investor Responsibility Research
Center.)

10. We ask that the Securities and Exchange Commission (SEC) require
that
companies disclose the risk associated with climate change as part of
their
securities filings. We will work with SEC to disclose climate risk.

Above Call for Action has already been signed by:

The State Treasurers of - California, Connecticut, Maine, Maryland, New
Mexico, Oregon, and Vermont.

The State Comptrollers of - California and New York.

The City Comptroller of New York City.

Public Pension Funds chairmen of - California State Teachers’
Retirement
System (CalSTRS), the Illinois State Board of Investment.

Labor Pension Funds: The Service Employees International Union (SEIU),
CWA/ITU Negotiated Pension Plan, the International Association of
Machinists, the Sheetmetal Workers Pension Fund, the International
Brotherhood of Teamsters, the American Federation of State, County,
and
Municipal Employees (AFSCME), and the UNITE HERE.

Foundations: the Rockefeller Brothers Fund, and the Nathan Cummings
Foudation.

Religious Institutional Investors: The General Board of Pension and
Health
Benefits of the United Methodist Church, and the Presbyterian Church
(USA).

In addition, two British Investor Organizations announced their
support:
the Universities Superannuation Scheme, the London Pensions Fund
Authority,
and the London Pensions Fund Authority.

These organization total $US 3.22 trillion in capitalization.