Apple Backs California Legislation To Encourage Transparency In Corporate Carbon Emissions
Portfolio Pulse from Benzinga Neuro
Apple Inc. has publicly supported a California Senate bill that mandates companies with annual revenue of over $1 billion to disclose independently verified data on their greenhouse gas emissions. Earlier this year, Adobe, Ikea, and Microsoft Corporation also backed the bill, emphasizing the requirement for corporations to measure and report indirect emissions linked to their supply chains and end-users.
September 09, 2023 | 9:22 am
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NEUTRAL IMPACT
Apple's support for the California Senate bill aligns with its recent strides toward environmental responsibility, potentially enhancing its reputation among environmentally conscious investors.
While Apple's support for the bill aligns with its environmental initiatives, it's unclear how this will directly impact its stock price in the short term. However, it could enhance its reputation among environmentally conscious investors.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Adobe's earlier support for the California Senate bill indicates its commitment to environmental responsibility, which could positively influence its reputation among environmentally conscious investors.
Adobe's support for the bill indicates its commitment to environmental responsibility. However, it's unclear how this will directly impact its stock price in the short term. It could enhance its reputation among environmentally conscious investors.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 60
NEUTRAL IMPACT
Microsoft's earlier support for the California Senate bill demonstrates its commitment to environmental responsibility, which could positively impact its reputation among environmentally conscious investors.
Microsoft's support for the bill indicates its commitment to environmental responsibility. However, it's unclear how this will directly impact its stock price in the short term. It could enhance its reputation among environmentally conscious investors.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 60