SASB Announces Calendar of Public Comment Periods through 2015

SAN FRANCISCO, May 1, 2013 /PRNewswire/ -- The Sustainability Accounting Standards Board™ (SASB)™ announces the start of public comment period for sustainability accounting standards for the Financials sector and releases the public comment period calendar for its remaining nine sectors. The public comment period for Health Care occurred in March 2013.

For the next 45 days, the general public can comment on public exposure drafts of standards for seven industries in the Financials sector: Commercial Banks, Investment Banking & Brokerage, Asset Management & custody activities, Mortgage Finance, Consumer Finance and Insurance. The public exposure drafts include feedback from 225 experts who participated in SASB's Financials Industry Working Groups, representing $1.1T market capital and $4.9T in assets under management. The Financials sector standards will be released in draft form subsequent to technical review by SASB's Standards Council. They will remain in draft form until 2015.

SASB will issue a public comment period for each of the 88 industries in ten sectors for which it develops standards. SASB is an American National Standards Institute (ANSI) accredited standards-setting organization and offers an accessible and transparent process. The anticipated dates for the remaining public comments periods are:

• Technology & Communication, August 1, 2013
• Non-Renewable Resources, November 1, 2013
• Transportation, February 1, 2014
• Services, May 1, 2014
• Resource Transformation, August 1, 2014
• Consumption, November 1, 2014
• Renewable Resources & Alternative Energy, February 1, 2015
•  Infrastructure, May 1, 2015

"Engagement with all parties concerned with sustainability accounting is fundamental to the operation of SASB," says Jean Rogers, SASB founder and executive director. "We encourage broad public participation in our standards-setting process. There will be an additional period of public comment when we present the full set of standards to ANSI in 2015."

Click here to participate in any of SASB's public comment periods.

About SASB
Sustainability Accounting Standards Board™ (SASB)™ is an independent 501(c)3 organization that establishes and maintains industry-tailored key performance indicators for use in disclosing material sustainability issues for the benefit of investors, corporations and the public. 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)