Apple endorses California bill to oblige companies to report carbon footprint

Apple has endorsed athat would require large companies to report the levels of greenhouse gases they emit every year, the senator proposing the measure said, making it the latest major company to do so.

Wiener's bill would require public and private companies with annual revenue in excess of $1 billion who do business in traditionally climate-conscious California to disclose independently verified data on their planet-warming emissions. A separate bill under discussion would require companies operating in California, with $500 million in revenue, to report on climate-related financial risks such as whether they have budgeted for increased compliance and insurance costs.The Apple Inc logo is seen at the entrance to the Apple Store in Brussels, Belgium, on Nov. 28, 2022.

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Apple endorsed a California bill that would force companies to disclose their carbon footprint.The bill would make it mandatory for big companies doing business in California to share how much greenhouse gas emissions they’re creating. The SEC is weighing a similar federal mandate, but has faced steep industry pushback. California could beat the SEC to the punch; its bill is expected to be voted on by September 14th.
Source: verge - 🏆 94. / 67 Read more »