A Maryland-based mutual fund announced that The Hartford Financial Services Group Inc. and Prudential Financial Inc. said they would improve their reporting and disclosure of potential financial risks they face from climate change.

Calvert–a Bethesda, Md.-based entity that describes itself as a socially responsible" mutual fund–said that as a result of that agreement, it has withdrawn climate change shareholder resolutions it had filed with the insurers.

The fund also filed the resolution with ACE Ltd. in Bermuda, which managed to keep it off their proxy by challenging it with the Securities and Exchange Commission arguing that the issue of climate change disclosure is not an appropriate subject for a shareholder proposal..

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