Google, Fb, Amazon and others are calling on the SEC to order common local weather reviews
Amazon CEO Jeff Bezos will announce the co-founding of The Climate Pledge on September 19, 2019 at the National Press Club in Washington.
Paul Morigi | Getty Images | Amazon
A group of seven tech companies called on the Securities and Exchange Commission to require companies to regularly disclose climate-related matters to their shareholders.
In a letter to SEC chairman Gary Gensler on Friday, Google parent Alphabet, Amazon, Autodesk, eBay, Facebook, Intel and Salesforce shared their views in response to a request for public comment on such disclosures. The tech industry has been vocal on climate issues in the past, despite the fact that employees have pushed companies themselves to do better.
“We believe that climate disclosure is critical to ensuring that companies meet their stated climate commitments and track collective progress in tackling global warming and building a prosperous, resilient carbon-free economy,” the companies wrote.
In the letter, the group outlined several principles that it believes the SEC should incorporate into its climate information disclosure rules. They said companies should report their relevant greenhouse gas emissions, which are measured against relevant global standards, and the SEC should rely on existing frameworks to ensure the disclosures are consistent and comparable with one another.
The group said that together they bought 21 gigawatts of clean energy and each is aiming to get 100% renewable energy.
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