Former New York City Mayor Michael Bloomberg and former chair of the Securities and Exchange Commission (SEC), Mary Schapiro have taken up leadership positions with the Sustainable Accounting Standards Board (SASB). Bloomberg has been named as board chair and Schapiro as vice-chair of the organization.
Bloomberg LP's Curis Ravenel Discusses Why Investors Should Care About Climate Change
Bloomberg's head of Global Sustainability Critis Ravenel was recently interviewed by Institutional Investor discussing why investors should care about climate change. Revenel, who originally proposed the sustainability effort at Bloomberg in 2006 says that it has been "an opportunity to elevate the conversation in a way that is an accelerant to change by demonstrating the connection between environmental and financial returns". First and foremost susta
The Sustainable Accounting Standards Board (SASB), a non-profit supported by Bloomberg LP that provides sustainability accounting standards, has appointed Matthew Welch as its new Chief operating officer.
We invite you to join an online Think Tank facilitated by Framework President and Chief Operating Officer Aleksandra Dobkowski-Joy during the week of March 17, 2014. We will focus on the key question of: How can companies best tap stakeholder sentiment to make complex materiality determinations?
February 27, 2014 /3BL Media/ - With the help of Bloomberg L.P. data, The Sustainability Accounting Standards Board recently released provisional standards for industries in the Financial sector. The standards address environmental, social and governance issues likely to be important for companies within the Financial sector. Issues include; "customer privacy and data security; integration of ESG factors in credit risk analysis, investment management and advisory; and responsible lending and debt prevention".
With most large commercial real estate companies now reporting to one sustainability standard or another, the industry is starting to hits its stride on sustainability reporting. The next wave of reporters - smaller REITS, private firms and their suppliers - has taken note and are starting to test the waters. But there’s good and bad sides to it all.
Our last column laid out a three step training regimen for sustainability best practice as the antidote to confusion, disappointing results, and expensive consultants: 1) Report, 2) Assess, 3) Improve. This column focuses on Step 1. We’ll look at the rationale behind reporting sustainability information, the various reporting outlets and how to choose the one right for you, and the best process for drafting your report.
Whatever your benchmarks, stop fretting about conflicts, and start thinking about complements.
As the number of sustainability reporting frameworks expands, practitioners are struggling to make sense of the options. Meanwhile, industry experts are scrambling to declare a winner.
At the COMMIT!Forum 2013, BrownFlynn outlined the important details of the Sustainability Accounting Standards Board (SASB) and the Global Reporting Initiative (GRI) and demonstrated that they are complementary frameworks. The expanded use of each, whether individually or combined, is a positive trend for all stakeholders.