SAN FRANCISCO, May 3, 2017 /PRNewswire/ -- 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 that James McIntire and Jay Willoughby will each serve a three-year term on its board of directors.
James McIntire has 40 years of experience in government policy and finance. He was elected as Washington's 22nd state treasurer in 2008 and re-elected in 2012. As the state's chief financial officer, he was responsible for managing $400 billion in transactions per year. He is the immediate past president of the National Association of State Treasurers. Mr. McIntire began his career working in the U.S. Senate for Hubert Humphrey and served as a policy advisor to congressional committee chairmen and Washington governors. He is the former director of the Fiscal Policy Center at the University of Washington and served on the faculty of the university's School of Public Policy and Governance for 25 years. Mr. McIntire holds a B.A. in urban and regional affairs from Macalester College, an M.A. in public policy from the University of Michigan, and a Ph.D. in economics from the University of Washington.
"As a former fiduciary for the pensions of teachers, social workers, police, judges, firefighters and other public employees, one of my biggest concerns was to ensure that we could manage the material financial risks presented by environmental, social and governance (ESG) issues that are often overlooked," says McIntire. "The standards SASB has developed establish a benchmark for the disclosure of these risks and will help institutional investors develop protocols for managing them to improve investment performance, while giving corporations a set of standards to better manage their potential liabilities. I look forward to working with state treasurers, pension funds, and other public finance officials to expand the use of SASB standards in managing the ESG risks that have a material effect on the balance sheet and are within the clear scope of their fiduciary responsibility to beneficiaries."
Jay Willoughby joined The Investment Fund for Foundations (TIFF) in 2015 and serves as chief investment officer, presiding over the full range of TIFF's investment activities and programs. Prior to joining TIFF, Mr. Willoughby spent four years as CIO of the state of Alaska's roughly $50 billion sovereign wealth fund, the Alaska Permanent Fund. Previously, he was co-managing partner at Ironbound Capital Management and spent nine years with Merrill Lynch Investment Managers LP as CIO, Private Investors Group; head of research for Equity Funds; and senior portfolio manager, Merrill Lynch Real Estate Fund. He received a B.A. in biology from Pomona College and an MBA from Columbia University. Mr. Willoughby is a CFA charter holder.
"I am excited to join the SASB Foundation Board and to help expand the use of SASB's decision-enhancing standards. After an 18-month research project, we at TIFF concluded that standards-based sustainability accounting can produce smarter companies and better-informed investors, enabling superior investment decisions."
For more information about SASB, please visit www.sasb.org.
About The SASB Foundation
Established in 2017, the SASB Foundation is responsible for the funding and oversight of the Sustainability Accounting Standards Board (SASB). The SASB maintains sustainability accounting standards that help public corporations disclose material, decision-useful information to investors in mandatory filings. The SASB Foundation is an independent 501(c)3 non-profit.
The mission of The SASB Foundation is to support the work of the SASB, support SASB members, and provide the market with education and resources that advance the use of SASB standards and the field of sustainability accounting.
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SOURCE Sustainability Accounting Standards Board (SASB)