Tech giants like Google, Amazon urge SEC to disclose climate impact reports

Seven major tech companies have written to Securities and Exchange Commission requesting the regulatory body to require businesses to regularly disclose climate-related matters to their shareholders.

Google parent Alphabet, Amazon, Autodesk, eBay, Facebook, Intel and Salesforce wrote a letter to SEC Chairman Gary Gensler on Friday sharing their views in response to a request for public input on such disclosures.

“We believe that climate disclosures are critical to ensure that companies follow through on stated climate commitments and to track collective progress towards addressing global warming and building a prosperous, resilient zero-carbon economy,” the companies wrote, reported CNBC.

The group also recommended several principles to SEC to incorporate into rules around climate disclosures.

They highlighted that businesses should report on their relevant greenhouse gas emissions measured by relevant global standards. SEC then should rely on existing frameworks to ensure disclosures are consistent and comparable to one another.

The seven tech giants said that collectively they have purchased 21 gigawatts of clean energy and each pledge to use 100 per cent renewable energy.

Microsoft has also written a letter to SEC on the same matter separately.

(With inputs from CNBC)

Picture Credits: CNBC