SAN FRANCISCO, May 18, 2017 /PRNewswire-USNewswire/ -- The SASB Foundation, an independent 501(c)3 non-profit that is responsible for the funding and oversight of the Sustainability Accounting Standards Board (SASB), today announced the SASB Alliance, a new membership program for organizations and individuals that support the need for more decision-useful, cost-effective sustainability disclosure.
The SASB Alliance has two groups, one for organizations and one for individuals. The organizational membership is designed for asset managers, asset owners, issuers, and service providers (such as consulting firms and law firms). Individual Membership is designed for professionals from all functions of the capital markets, including finance, investment, sustainability, assurance, and law. Both levels offer education and resources designed to provide preparation for the growing practice of sustainability accounting and disclosure.
"SASB frameworks help create industry-specific reporting consistency, which is a critical tool for stakeholders engaged in long-term decision making" said Bruno Sarda, NRG's VP of Sustainability. "We are pleased to be an organizational member of the SASB Alliance and look forward to collaborating with other members to enhance sustainability disclosure practices."
"In our engagements with stakeholders over the last five years, many have asked how to become more involved with SASB," says Matthew Welch, President of the SASB Foundation. "Over the last few months, we had conversations with several to explore interest in a membership program. Several organizations stepped up to become members even prior to the public launch. We are proud to begin the SASB Alliance with 18 organizational members, a number we expect to grow dramatically over time."
Founding organizational members include Bloomberg; Blue Harbour Group; Brand Intelligence Solutions; Breckinridge Capital Advisors; CalPERS; CalSTRS; Calvert Research and Management; CBRE; Domini Impact Investments; Equilibrium Capital; Heron Foundation; Macquarie Investment Management; Neuberger Berman; NRG Energy; Ontario Teachers' Pension Plan; Protiviti; TIAA Investments, an affiliate of Nuveen; and UBS Asset Management.
"Fundamental research and analysis is the foundation of Neuberger Berman's work investing for our clients. We fully support SASB's efforts to improve corporate sustainability disclosure at a time when investors are increasingly incorporating material ESG factors into capital allocation decisions. Our analysts were part of the industry working groups that helped develop the SASB standards and we are delighted to continue our support as a founding member of the SASB Alliance," says Jonathan Bailey, Head of ESG Investing at Neuberger Berman.
SASB invites capital markets leaders to join a growing movement of organizations and individuals that believe sustainability disclosure must evolve to meet the needs of today's markets. Visit the SASB Alliance website for more information.
About The SASB Foundation
Established in 2017, the SASB Foundation is responsible for the financing, oversight, administration and appointment of the Sustainability Accounting Standards Board (SASB). The SASB Foundation also provides the market with education and resources that advance the use of SASB standards and the field of sustainability accounting. The SASB Foundation is an independent 501(c)3 non-profit.
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SOURCE Sustainability Accounting Standards Board (SASB)