NASDAQ OMX Becomes First Company to Join the SASB Corporate Roundtable Company commits to integrating SASB standards; leads its industry in non-financial disclosure
SAN FRANCISCO, May 28, 2014 /PRNewswire/ -- The Sustainability Accounting Standards Board™ (SASB)™, a 501c3 non-profit organization that develops sustainability accounting standards for publicly-listed U.S. corporations, today announced NASDAQ OMX is the first company to join the SASB Corporate Roundtable, a program designed to help corporations incorporate SASB standards in SEC filings.
"We congratulate NASDAQ OMX for taking a leadership position in non-financial disclosure," says Jean Rogers, SASB CEO and founder. "By participating in our industry working groups and serving on the SASB Advisory Council, NASDAQ OMX has actively helped develop these standards in an effort to give investors greater access to material non-financial information. The company's commitment to using SASB standards only furthers their market leadership."
The SASB Corporate Roundtable provides a pathway for companies to evaluate the use of SASB standards as business management tools and to incorporate the standards in existing disclosure processes. The Roundtable—which is comprised of a year-long series of events that begin in July 2014—will teach participants about topics including determining the materiality of non-financial information, assessing disclosure readiness, establishing a baseline, addressing internal controls, and performing auditing, technical, and legal reviews. As leaders in managing environmental, social, and governance (ESG) issues, participating companies will demonstrate how to disclose non-financial material information using SASB standards.
"NASDAQ OMX is a dedicated supporter of SASB and the SASB Corporate Roundtable," says Evan Harvey, NASDAQ OMX Director of Corporate Sustainability. "This new project underscores our shared and enduring commitment to openness and transparency in the capital markets."
A 2013 Clinton Global Initiative (CGI) Commitment to Action, in partnership with Bloomberg, the SASB Corporate Roundtable is open to companies in the Health Care, Financials, Technology & Communications, and Non Renewable Resources sectors. CFO, CSO, CIO, and General Counsel-level executives and direct reports are invited to attend. For more information, please contact Katie Schmitz Eulitt at Katie@sasb.org.
The Sustainability Accounting Standards Board™ (SASB)™ is an independent 501(c)3 organization that establishes and maintains industry-specific standards for use in disclosing material sustainability information in filings to the Securities and Exchange Commission. SASB is accredited to set standards by the American National Standards Institute (ANSI). More than 1,600 individuals from individuals representing $17T assets under management and $8T market capital have participated in multi-stakeholder industry working groups informing standards development to date. SASB has issued standards for 19 industries in three sectors, and will issue standards for 80+ industries in ten sectors by 2016. For more information about SASB, visit www.sasb.org, or follow us on YouTube, Twitter or LinkedIn.
About NASDAQ OMX
NASDAQ OMX is a leading provider of trading, exchange technology, information and public company services across six continents. Through its diverse portfolio of solutions, NASDAQ OMX enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today's global capital markets. As the creator of the world's first electronic stock market, its technology powers more than 70 marketplaces in 50 countries, and 1 in 10 of the world's securities transactions. NASDAQ OMX is home to more than 3,400 listed companies with a market value of over $8.5 trillion and more than 10,000 corporate clients."
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SOURCE Sustainability Accounting Standards Board (SASB)