Apple backs far-reaching emissions disclosure rules By Reuters

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2/2 © Reuters. FILE PHOTO: Apple Inc logo is seen hanging at the entrance of the Apple Store on Fifth Avenue in New York 2/2

By Ross Kerber (Reuters) – Apple Inc (NASDAQ 🙂 on Tuesday asked the US Securities and Exchange Commission (SEC) to require companies to disclose issues, including those in their “value chain.” , according to a tweet from Apple Vice President Lisa Jackson. The comments marked the most specific prescription to date from a large public company on necessary disclosures, said Veena Ramani, senior director of programs for Ceres, a Boston-based climate advocacy group. The SEC said last month that it will seek information on how companies could report their greenhouse gas emissions and other climate factors. Investors have invested money in funds that use environmental, social and governance factors to select stocks, but the lack of common standards has made it difficult to compare issuers’ operations. In his Tweet, Apple’s Jackson, a former US environmental regulator, said that Apple “believes that the SEC should issue rules to require companies to disclose third-party audited emissions information to the public, covering all scopes of the emissions, direct and value chain. ” The term “value chain” would appear to refer to so-called Scope 3 emissions that result from the use of a company’s products by other parties. Calls to publish the data can be controversial. In reporting its Scope 3 emissions in January for the first time, ExxonMobil (NYSE 🙂 Corp wrote that the data “is less secure and less consistent because it includes indirect emissions resulting from the consumption and use of a company’s products that occur outside of its control.”

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