crednews is the original content division of cred.ai

the original content division of cred.ai

Tech Companies Push SEC to Make Climate Reports Mandatory

Tech Companies Push SEC to Make Climate Reports Mandatory

Seven tech companies are appealing to the Securities and Exchange Commission to force companies to regularly release issues related to their climate policies to their shareholders, according to CNBC. Executives at Amazon, Facebook, Intel, Salesforce, Autodesk, eBay, and Google’s parent company Alphabet are teaming up for the effort.

Leaders collaborated on a letter sent last Friday to SEC Chair Gary Gensler that was written as a reply to a call for public feedback on climate-related matters. In the letter, the company leaders pointed to regulations they believe the SEC should mandate be included when it comes to businesses consistently disclosing climate practices. They want reporting on greenhouse gas emissions as outlined by standards worldwide to be incorporated as well.

“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 in the letter.

They believe climate reporting should be filed apart from other SEC submissions because such reporting focuses on estimates, according to MarketWatch. Executives are also urging the SEC to give businesses an adequate amount of time to collect the relevant information they need from third parties.

Company executives insist they have bought, in total, 21 gigawatts of clean energy. Each leader also has a goal of reaching 100 percent renewable energy.

share this story

© crednews a division of cred.ai

cred.ai originals

latest posts

A group of bipartisan lawmakers has introduced the Patients Before Monopolies Act. Led by Senators Elizabeth Warren (D-Mass.) and Josh Hawley (R-Mo.), the senate bill targets pharmacy benefit managers…
The 2024 holiday shopping season is a study in contrasts. As economic challenges meet the forward march of innovation, consumers are tightening their belts yet indulging in self-gifting. From…
Cemeteries, traditionally the domain of manicured lawns and orderly rows, are experiencing a renaissance of sorts. Across the globe, these solemn spaces are being transformed into vibrant ecosystems, embracing…
In response to a significant cyber-espionage campaign attributed to a Chinese government-linked hacking group known as Salt Typhoon, U.S. federal agencies are urging Americans to use encrypted messaging applications…

view the code through your phone’s camera
app and click the link that appears.
click the  X  or “esc” to close.