"Investors and the public want much more than just traditional financial disclosures," says Robert Hirth, Chairman of COSO. "The SASB has taken a leadership role in developing standards that help public companies disclose material sustainability information to investors. I want to be part of these important, ongoing initiatives."
"Our research suggests that ESG factors have been strong leading indicators of stock price volatility, earnings risk, return on equity and other attributes that are critical to investors. The work of SASB is important because it is focused on bringing these factors into the mainstream of company analysis," says Stephen Haggerty, Head of Americas Equity Research, Bank of America Merrill Lynch. "My experience as a Research Analyst and Manager gives me confidence that identifying and highlighting these factors will improve the investment process."
For more information about SASB, please visit www.sasb.org.
The Sustainability Accounting Standards Board™ (SASB)™ is an independent 501(c)3 organization that issues industry-specific standards for use in disclosing material sustainability information in filings to the Securities and Exchange Commission. Michael R. Bloomberg, founder of Bloomberg LP, and Mary Schapiro, former SEC chairman, serve as Chair and Vice Chair of SASB's Board of Directors, and Dr. Jean Rogers serves as Founder and CEO. With significant input from corporations and investors, SASB has issued provisional sustainability accounting standards for 79 industries in 10 sectors, and is now undertaking a period of deep consultation to gather input before the standards are codified. For more information about SASB, visit www.sasb.org, or follow us on YouTube, Twitter or LinkedIn.
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SOURCE Sustainability Accounting Standards Board (SASB)