In sum, [this report] finds that the global investment and corporate communities have made great strides in their understanding of climate change and its competitive and financial implications, and the measurement of these implications. However, awareness and measurement are not translating into sufficient management and activity in the context of the climate change challenge. ["best-in-class" firms for carbon disclosure: BMW, Ford, Renault, Toyota, DaimlerChrysler, HSBC, UBS, Westpac, ANZ Bank, ABN Amro, Barclays, Citigroup, Fortis, HBOS, ING, Unilever, Cadbury Schweppes, Diageo, Tesco, Bayer, Dow Chemical, Praxair, BASF, DuPont, FPL Group, Entergy, Exelon, American Electric Power, RWE, CLP Holdings, Kansai Electric Power, Iberdrola, Scottish Power, Siemens, General Electric, Allianz, Swiss Re, Marsh & McLennan, Munich Re, BP, Repsol YPF, Suncor Energy, Total, Royal Dutch / Shell, Chevron, Rio Tinto, BHP Billiton, Anglo American, Nippon Steel, Posco. Companies that did not respond to survey: Monsanto, Edison International, Norilsk Nickel, Sun Hung Kai Properties, Guidant, EOG Resources, Lehman Bros, Fannie Mae, Banca Intesa, SLM (Sallie Mae), Cendant (now Avis Budget), Altria, DirecTV, XTO Energy, First Data, Electronic Arts, Allied Irish Banks, MetLife, Allstate, Gannett, America Movil, Countrywide Financial, Chubb, Telefonos de Mexico (Telmex), Aflac, Westfield Group, Sumitomo Metal Industries, Capital One Financial, Archer Daniels Midland, Wellpoint, Loews, Mediobanca, Paychex. Also refers to Royal Bank of Canada, Credit Agricole, Nestlé, Kraft (part of Altria), TEPCO (Tokyo Electric Power), AIG, Alcoa, Newmont, Air Liquide, Duke Energy, Coca-Cola, Cemex, CEZ, ConocoPhillips, Dexia, ENEL, ENI, Petrobras, Société Générale, United Technologies, UPS, Honda, Nissan Motor, Peugeot (PSA Peugeot Citroën), Saint-Gobain, CRH, Hitachi, Sharp, Minnesota Mining & Manufacturing (3M), Arcelor (now Arcelor Mittal), Pfizer, AstraZeneca, Fuji Photo Film, Matsushita, Sumitomo Mitsui Financial, Vodafone, Cinergy (now Duke Energy), Intel, Alcan, Goldman Sachs, Morgan Stanley, ExxonMobil, General Motors, Shin Etsu Chemical, Carrefour, Southern Company, Talisman, Suez.]