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    GOOGL   US02079K3059

ALPHABET INC.

(GOOGL)
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Tech Companies Tell SEC They Support Regular Reporting on Climate Issues

06/11/2021 | 04:23am EDT

By Kimberly Chin

A group of large technology companies, including Google parent Alphabet Inc., Amazon.com Inc., Facebook Inc. and Salesforce.com Inc., said they support consistent and regular reporting on climate-related issues, according to a letter sent to the Securities and Exchange Commission Friday.

The SEC's calling for climate change disclosures will encourage companies to regularly measure, track and report their progress on sustainability, the companies said.

"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 said in the letter.

The agency is mulling whether to change or update its existing guidance on climate disclosures and whether to ask companies for mandatory disclosures on climate-related risks and environmental, social and governance factors. The agency opened a public comment period in March.

The companies recommend the agency should adopt a principles-based framework, include relevant greenhouse-gas emissions data, use existing climate reporting frameworks and standards and require climate reporting to be separate from other filings submitted to the SEC--due to the reliance on estimates and assumptions in climate reporting, they say--as well as to give companies enough time to gather and assure information from third-party providers.

Autodesk Inc., eBay Inc. and Intel Corp. were also among the group that signed the letter.

Write to Kimberly Chin at kimberly.chin@wsj.com

(END) Dow Jones Newswires

06-11-21 0623ET

Stocks mentioned in the article
ChangeLast1st jan.
ALPHABET INC. -0.19% 2439.89 Delayed Quote.39.60%
AMAZON.COM, INC. 0.05% 3498.97 Delayed Quote.7.63%
AUTODESK, INC. -0.93% 283.43 Delayed Quote.-7.24%
DJ INDUSTRIAL -0.04% 33922.97 Delayed Quote.10.91%
EBAY INC. 0.66% 65.235 Delayed Quote.29.13%
FACEBOOK INC 0.59% 341.02 Delayed Quote.24.11%
INTEL CORPORATION -1.02% 55.265 Delayed Quote.12.14%
SALESFORCE.COM, INC. -0.78% 241.185 Delayed Quote.9.25%
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Financials (USD)
Sales 2021 236 B - -
Net income 2021 58 816 M - -
Net cash 2021 141 B - -
P/E ratio 2021 27,9x
Yield 2021 -
Capitalization 1 670 B 1 670 B -
EV / Sales 2021 6,48x
EV / Sales 2022 5,48x
Nbr of Employees 139 995
Free-Float 90,2%
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Mean consensus BUY
Number of Analysts 48
Last Close Price 2 446,61 $
Average target price 2 797,91 $
Spread / Average Target 14,4%
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Managers and Directors
NameTitle
Sundar Pichai Chief Executive Officer & Director
Ruth M. Porat Chief Financial Officer & Senior Vice President
John LeRoy Hennessy Chairman
Louis John Doerr Independent Director
Ann Mather Independent Director
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