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as we head into flood and fire season investors are feeling the heat trying to protect their portfolios from natural disasters managers are dumping some companies from their funds due to location location location worried about the potential damage to company headquarters and other properties it's even happening a fast growing socially conscious funds and in a rush to the exits they're selling companies that are usually lauded for their social good Reuters correspondent David Randall explains what some investors are now realizing is that a company could do everything right in terms of you know good things for the environment look at still get hit by the impacts of climate change %HESITATION it's not there's No Way Out around this risk one such firm San Diego based utility company Sempra energy was dropped from a socially responsible fund managed by Parnassus investments there's a very strong on a lot of by middle records from a lot of renewable energy %HESITATION they have a lot of battery pack storage of the problem is though that they might that they're in a fire in an area with there's lots of %HESITATION wildfires and they might increase in severity so you don't necessarily if you're an investor you don't want to be on the hook for that the bankruptcy of California utility company Pacific gas and electric in January after the camp fire the most destructive wildfire in California history and caused in part by climate change sent a severe warning a big issue as you go forward as that in a company can do but their geographic location is going to matter more than anything so you might see this in California you might see this in South Florida you might see this on the east coast were areas that could be hit by hurricanes are you're seen this in the Midwest with flooding now to a location does matter sometimes more than what you're doing as temperatures rise investment firms are trying to predict which companies will fare better than others in the years ahead the companies themselves might also take action utility firms for instance could bill , more equipment underground while others may consider moving their headquarters from vulnerable locations