Kevin Parker Appointed to SASB's Board of Directors

SAN FRANCISCO, Sept. 22, 2014 /PRNewswire-USNewswire/ -- The Sustainability Accounting Standards Board™ (SASB)™, a 501c3 non-profit organization that develops sustainability accounting standards for publicly-listed U.S. corporations, today announced the organization has elected Kevin Parker to SASB's Board of Directors.

Parker is the Chief Executive Officer of Sustainable Insight Capital Management (SICM), a New York-based, global asset management firm launched in 2013. Prior to SICM, Mr. Parker served as a member of the Group Executive Committee of Deutsche Bank from 2001–2012, including nine years as Global Head of Asset Management from 2004–2012. In this role he was responsible for more than $750 billion dollars invested across a broad range of assets including Equities, Fixed Income, Real Estate, Infrastructure, Private Equity, Hedge Funds, Sustainable Investments and other businesses.

"As leaders from around the world gather in New York for Climate Week and the United Nation's Climate Summit, this is a fitting time to announce that Kevin Parker has joined the SASB Board of Directors," says Michael R. Bloomberg, Chair of the SASB Board. "Kevin has been a strong voice encouraging the business community to factor climate risks into their decision-making, take active steps to prepare for those risks, and advocate for policies to confront climate change. He'll be a great asset as we work to get more companies and capital markets to adopt SASB standards."

"One year ago, SICM and CDP released a study of the world's largest corporations on the link between corporate engagement on climate change and financial performance," says Parker. "At SASB I'll continue to push for action on the issue of our time—climate change. Together, we're working to provide investors with the information they need to drive capital to the most sustainable outcomes, for the benefit of the capital markets and society."

For more information about SASB, please visit www.sasb.org

About SASB
The Sustainability Accounting Standards Board™ (SASB)™ is an independent 501(c)3 organization that develops industry-specific standards for use in disclosing material sustainability information in mandatory 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. More than 1,890 individuals representing $21T assets under management and $9.5T market capital have participated in multi-stakeholder industry working groups informing standards development to date. 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)