SAN FRANCISCO, March 28, 2016 /PRNewswire-USNewswire/ -- The Sustainability Accounting Standards Board™ (SASB™), a 501c3 non-profit organization that provides sustainability accounting standards for use by publicly listed corporations in the U.S., today announced the launch of its Advisory Partner Program to support corporate and investor application of SASB's standards and related guidance.
As investors increasingly use and demand ESG information, companies are taking steps to strengthen their management and disclosure of sustainability risks and opportunities. SASB Advisory Partners are positioned to play a primary role supporting this evolution of the capital markets by offering the expertise, tools, and perspective to effectively support the consideration and application of SASB standards.
"Now that SASB's first set of provisional standards is nearly complete, we're increasingly focusing on supporting use of the standards by companies and investors," says Dr. Jean Rogers, CEO and Founder of SASB. "We developed our Advisory Partnerships to formalize our support for those advancing the application of accounting standards to manage and report sustainability risks and opportunities. Each advisory partner was selected as offering the perspective, proprietary tools, and expertise to help interested companies and investors find value from using SASB standards."
"Last year we published the Implementation Guide, which offers reporting professionals practical guidance on using SASB standards," says Robert Herz, Former Chair of the Financial Accounting Standards Board (FASB). "The Advisory Partner Program offers hands-on support for companies looking to select appropriate sustainability accounting standards for their organization and effectively embed them into core management and reporting functions."
SASB is proud to announce this program with a portfolio of qualified partners. Founding advisory partners include Antea Group, BrownFlynn, Crowe Horwath, Goby Inc., iCompli, Sociovestix Labs, Sustainability Reporting Partners, thinkstep, 38 North Solutions, and Zizzo Strategy.
"A random mix of ESG data, without form or purpose, could create more confusion for companies and their investors," says Evan Harvey, Managing Director, Corporate Sustainability at Nasdaq. "SASB's Advisory Partners can clear up this confusion by improving the quality of ESG information, so that it proves the equal of financial information."
On March 30, SASB will issue its last set of provisional standards, marking the complete set of provisional standards for 79 industries in 10 sectors complete. SASB will then enter a period of deep consultation to get feedback on the standards' decision-usefulness and cost-effectiveness. SASB's proposed process for codifying and maintaining the standards will open for public comment on April 7.
To request information on the Advisory Partnership program, please contact Harrison.Thomas@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. More than 2,800 individuals representing $23.4T assets under management and $11T market capital have participated in multi-stakeholder industry working groups informing standards development. 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)