Last Thursday, ExxonMobil agreed to publish its plans to assess the risks climate change pose to its business model, making it the first oil and gas producer to do so. In exchange, a group of shareholders led by Arjuna Capital, a sustainable wealth management fund, and the advocacy organization As You Sow agreed to withdraw a shareholder proposal on the issue. This is the latest in a series of investor-led initiatives aimed at forcing companies with significant hydrocarbon reserves to consider the financial implications of a carbon-constrained future, or "Carbon Asset Risk," on the wellbeing of their shareholders. "We're gratified that ExxonMobil has agreed to drop their opposition to our proposal and address this very real risk. Shareholder value is at stake if companies are not prepared for a low-carbon scenario," said Natasha Lamb, Arjuna Capital's director of equity research and shareholder engagement.