Apple endorses California bill to oblige companies to report carbon footprint

NEW YORK : Apple has endorsed a California Senate bill that 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.Groups including Adobe, Ikea and Microsoft stated their support for Wiener's bill in a letter addressed to California officials in August, according to a copy posted online by activist group Ceres.

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

US House panel chair: Wider Chinese iPhone ban aims to quash Apple's market accessA wider ban on China state employees from using Apple's iPhones is not surprising and seeks to limit a Western company's market access, the chairman of the US House panel on China told Reuters on Thursday (Sep 7). 'This is textbook Chinese Communist Party (CCP) behavior - promote PRC (People's Republic of
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »