Tech giants like Google, Amazon urge SEC to disclose climate impact reports
By Shubhangi on Jun 15, 2021 | 04:35 AM IST
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)
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Credits: CNBC